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Highlight of Maharashtra State Budget 2011-12

TG Team 24 Mar 2011 10,052 Views 0 comment Print Corporate Law | Articles

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Highlights Of The Budget Presented By Deputy Chief Minister Shri Ajit Pawar, On Wednesday, 23rd March 2011.

PART-I

+ Remarkable growth in revenues of the State

2009-10 Revenue Receipts Rs.86,910 crore
2010-11 Revenue Receipts Rs. 1,07,159 crore

Total increase 23.3 per cent

26 per cent increase in Sales Tax collection in 2010-11 over 2009-10
31 per cent increase in Stamp Duty Collection in 2010-11 over 2009-10
Expected Revenue Rs. 1,21,503 crore in 2011-12
Significant increase expected due to change in levy of Excise Duty
Due to increase in Revenue, Revenue surplus status achieved.

+ State Annual Plan

Size of Annual Plan of State – Rs.4 1,500 crore
Special Component Plan for Scheduled Castes – Rs.4,233 crore
Tribal Sub Plan – Rs.3,693 crore
District Plan (General) – Rs.4,3 19.50 crore. Increase of Rs.500 crore over last year.

+ Agriculture and Allied Sectors

Loans to farmers upto Rs.50,000 at zero rate of interest and beyond that upto Rs.3 lakh at 2 per cent rate of interest.
Fertilizers would be made available to farmers on time for next Kharif season, Buffer stock of Fertilizers would be kept.
Subsidy to farmers in electricity Bills – Rs.2,500 crore
To remove backlog of electrification of Agricultural pumps Rs.80 crore – Steps for Electric Connections on demand.
Krishi Sanjeevani Yojana to be launched – 22 lakh farmers would get benefit of waiver of upto Rs.3,000 crore towards interest and late fees, if principal amount is paid.
Under National Crop Insurance Scheme – 22 lakh farmers to be covered.
Rashtriya Krishi Vikas Yojana – Rs.4 15 crore
Agriculture Marketing Development Projects – Rs.60 crore.
State Employment Guarantee Scheme – Rs.745 crore –

under it Jawahar Wells Rs. 221 crore and

Horticulture Rs. 134 crore

For strengthening and modernisation of veterinary Institutions – Rs. 57 crore.
Mechanisation of Fishermen Boats – Rs. 42 crore
For Irrigation Projects – Rs. 6,300 crore
For Water Shed Development Programme – Rs. 112 crore
For Hydro Electric Projects – Rs.380 crore

+ Health, Education and Nutrition

For construction works of Health Institutions – Rs. 241.95 crore
For National Rural Health Mission – Rs. 166 crore
Facility of x-ray and ECG in Primary Health Centres and Blood Bank in Rural Hospitals – Rs. 24 crore
For construction works of Medical Colleges and Hospitals significant amounts.
- Sasoon Hospital, Pune – Rs. 20.5 crore
- Government Medical College, Nanded – Rs. 8.33 crore
- Cancer Hospital, Aurangabad – Rs. 5.43 crore
- Ghati Hospital, Aurangabad – Rs.25 crore
- Kasturba Cancer Hospital, Wardha – Rs.6 crore
- Government Medical College, Nagpur construction of new Library Build¬ing – Rs. 2 crore.
- Government Medical College, Yavatmal fund will be made available for Building.
For education of children – State share : Rs. 1,280 crore
- Sarva Shiksha Abhiyan – Rs.780 crore
- Rashtriya Madhyamik Shiksha Abhiyan – Rs.500 crore
For Supplementary Nutrition Programme – increase of Rupee one per day per beneficiary -Additional cost of Rs.21 1 crore.
For eradication of Child Labour – Rs. 16 crore.
Minority Prematric Scholarlship – Rs. 48 crore
For Development of Minority Community – Rs. 275 crore outlay.
For construction works of Technical Education Department – Rs.90 crore.

+ Drinking Water Supply

8,300 villages/habitations to be provided drinking water under National Rural Drinking Water Programme – Rs. 700 crore
Maharashtra Sujal and Nirmal Abhiyan – Water supply and Sewage Disposal Schemes – significant allocation
For Kolhapur, Jalna and Amravati – special fund of Rs. 100 crore for Drinking Water Supply and Sewage disposal.
Grants to Village Panchayats under Environment Friendly Village Development Campaign – Rs. 200 crore

+ Sports and Youth Welfare

State’s Youth and Sports Policy in final stages – preliminary provision of Rs.25 crore
Increase in grant to Wrestling, Kabbadi, Volleyball and Kho-Kho competitions
Increase in honorarium of wrestlers.
Rs.40 crore for Nagpur Divisional Sports Complex

+ Welfare of Scheduled Caste/Scheduled Tribe

Group Housing Scheme for Scheduled Caste and Neobuddhists Rs.800 crore.
Yashwantrao Chavan Mukta Vasahat Yojana for Vimukta Jati and Nomadic Tribes for people below poverty line – Rs.20 crore
Construction of Government Hostels (SC) – Rs. 135 crore
Construction of Ashram Shalas (ST) – Rs. 196 crore
For Premataric Scholarship for Tribals – Rs. 225 crore
Under Special Assistance Schemes – Rs. 380 crore and use of Biometric cards.

+ Development of Roads, Energy and Industry

Huge outlay of Rs.2,749 crore for road development
Viability Gap Funding of Rs. 150 crore for Projects under privatization.
Assistance of Rs. 150 crore to Maharashtra Road Development Corporation.
Outlay of Rs. 127 crore for construction of Buildings.
To make the State free from load shedding – for various infrastructural facilities Rs.2,300 crore
For Solar powered Community Study Centres – in 4,435 villages – Rs.75 crore.
Levy of additional duty/tax on electricity and from this fund development of infra¬structure facilities of the cities having power generation plants. 2,500 MW of power is generated at Chandrapur, which is 500 year old city, action plan of 3 years for Rs.250 crore.
For Incentive Scheme for Industries – Rs.400 crore.
New Textile Policy Rs. 100 crore.
Electric subsidy for power looms- Rs.500 crore.

+ Housing & Urban Development.

For providing basic infrastructure facility to urban poor and Integrated Housing & Slum Development Programme- Rs. 1,440 crore.
JNNURM- Urban Infrastrcture – Rs.2,500 crore.
JNNURM- ‘D’ Class Municipal Corporation & Municipalities – 50 per cent of cost escalation difference as grant – Rs.400 crore.
Maharashtra Suwarnajayanti Nagrothan Abhiyan – Rs.250 crore.
For Urban Infrastructre in Mumbai Metorpolitan Region works in progress Rs. 1400 crore.

VGF from Government of India for Metro Rail Phase 2, Mumbai – Rs. 1,532 crore.

Constrction of Floating Jetty at Gateway of India, Mumbai- Rs.5 crore.
For development of Airports – Outlay of Rs. 162 crore.

For MIHAN project- Outlay of Rs.69 crore.

+ Tourism & Cultural Affairs.

For publicity & other developmenntal activity of MTDC at National & Interna¬tional Level – Rs.25 crore.
Ashta Vinayaka Temple – Rs. 10 crore.
Kolhapur Chitra Nagri – Rs. 10 crore.
Development of Forts – Rs.20 crore.
Development of Beach Security System at Konkan Coast – Rs. 10 crore.
Tiger Project Tourism – Rs.25 crore.
For Gorewada & Goregaon Zoological Garden – Rs.28 crore.

+ Special Area Development Programmes.

Special programme for development of places of pilgrimage – Rs. 175 crore.

+ Home Department

6000 houses for police personnel to be made available – Rs. 115 crore.
For security of Mumbai- installation of CCTV Cameras
For security of Legislative building – Rs.5 crore.

+ Strengthening of Administrative Machinery.

Rs.300.85 crore for construction of buildings for Tehasils and other administrative buildings of Revenue Department, Construction of Godowns for food stock and infrastructure for courts.
E Governance – Rs.40 crore.

+ Marathi Language Department

Creation of Separate marathi Language Department for development of Marathi Language.

+ Platinum Jubilee Celebration of Legislature

Platinum Jubilee Celebration of Maharashtra Legislature – Rs. 7 crore
For Renovation of Legislative building at Mumbai, Nagpur & Majestic MLA Hostel, Mumbai – Rs. 25 Crore.

PART II

Record growth in Sales Tax revenue. 26% rise as compared to last year.
Stringent punishment for Hawala dealers.

Tax exemptions and concessions

Exemption to foodgrains and essential commodities.—Extension of tax exemp¬tion to Rice, Wheat, Pulses, their flours, Chillies, Gur, Tamarind, coconut, Corainder, Fenugreek, Turmeric, Parsely (Suva), Papad, Wet dates, Solapuri Chadars and Towels. Similarly concessional rate of 5% for tea also to continue.
Tax concession to Vadapav served in restaurants.
Standard VAT rate of 12.5% not increased. Many States have enhanced this to 13.5 or 15%
Composition scheme for bakers –Increase in Turn over limit from 30 lakhs to 50 lakhs.
Tax exemptions to cinematographic copyrights for exhibition in theatres.
Relief in composition scheme for retailers
Tax exemptions to domestic Biogas units to promote the use of non conventional energy sources.
Amnesty Scheme for rehabilitation of sick Sugar Factories.

Hike in tax rate