Maharashtra Budget 2024: Good news! Petrol and diesel price slashed; Rs 1500 per month for women... - KEY decisions

maharashtra budget 2024: good news! petrol and diesel price slashed; rs 1500 per month for women... - key decisions

Maharashtra Budget 2024: The Maharashtra state budget was presented to the state legislature by Deputy Chief Minister and Finance Minister Ajit Pawar, who highlighted number of major features aimed at boosting the state's growth and development. Overall, the budget sought to provide a balanced and inclusive growth path for Maharashtra, addressing both urban and rural needs and supporting sustainable development.

Ajit Pawar on Friday announced a financial assistance scheme entailing a monthly allowance of Rs 1,500 to eligible women in the age group of 21 to 60 years in the state Budget for 2024-25.

Pawar, who holds the finance portfolio, said in his budget speech in the assembly that the scheme, "Mukhyamantri Majhi Ladki Bahin Yojana", will be implemented from July, four months ahead of the state polls which are due in October.

An annual budgetary allocation of Rs 46,000 crore will be made for the scheme, he said. Announcing another welfare scheme, the finance minister said an eligible family of five will get three cooking gas cylinders free every year under the 'Mukhyamantri Annapurna Yojana'.

Along with it Finance Minister Ajit Pawar also announced 44 lakh farmers in Maharashtra to get waiver of electricity bill dues.

Petrol and Diesel Price Cut in Maharashtra

The Maharashtra government has announced a cut in diesel and fuel taxes in the municipalities of Brihanmumbai, Thane, and Navi Mumbai. The diesel tax has been dropped from 24% to 21%, whereas the petrol tax has been reduced from "26% + 5.12 rupees per litre to 25% + 5.12 rupees per litre". As an outcome of this plan, the price of petrol per litre in Thane, Brihanmumbai, and Navi Mumbai is expected to fall by about 65 paise per litre, while the price of diesel would fall by around Rs. 2.07 per litre.