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Friday, March 25, 2011

Highlight of Maharashtra State Budget 2011-12

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.

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+          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
•        Increase in rate of tax on soft drinks and Goggles
•        Restructuring of levy of excise duty on Liquor.
•        Increase in rate of tax of declared goods from 4% to 5%.
•        Simplification of levy of Stamp Duty in respect of Share Market Transactions.
—Uniform Stamp Duty rate of 0.005% on all sale-purchase transactions in share market.
—Duty on tenancy right transfer to be at market rate.


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