Fadnavis presents ₹7.69 lakh crore Maharashtra Budget with farm loan waiver up to ₹2 lakh
Maharashtra Chief Minister Devendra Fadnavis presented the State Budget for 2026-27 in Mumbai on 6 March 2026, with a ₹7.69 lakh crore outlay and a crop loan waiver of up to ₹2 lakh.
Summary
Maharashtra Chief Minister Devendra Fadnavis, who also holds the Finance portfolio, presented the State Budget for 2026-27 in the Assembly in Mumbai on 6 March 2026, with a total outlay of about ₹7.69 lakh crore. The main announcement was the Punyashlok Ahilyadevi Holkar Shetkari Karjmafi Yojana, which waives crop loans of up to ₹2 lakh for farmers with arrears as of 30 September 2025; farmers who repaid regularly will get an incentive of ₹50,000. Fadnavis said about 28â30 lakh farmers would benefit from the waiver and 20 lakh regular repayers would get the incentive. Revenue receipts are projected at ₹6,16,099 crore and revenue expenditure at ₹6,56,651 crore, giving a revenue deficit of ₹40,552 crore; the fiscal deficit is ₹1,50,491 crore. The state's debt is expected to rise to ₹11,02,654 crore in 2026-27 from ₹9,73,989 crore in 2025-26.
Key facts
- Date and place
- 6 March 2026, Maharashtra Assembly, Mumbai
- Presented by
- CM and Finance Minister Devendra Fadnavis
- Outlay
- ~₹7.69 lakh crore
- Loan waiver
- Up to ₹2 lakh, arrears as of 30 Sept 2025
- Scheme
- Punyashlok Ahilyadevi Holkar Shetkari Karjmafi Yojana
- Regular repayers
- ₹50,000 incentive
- Revenue deficit
- ₹40,552 crore
- Fiscal deficit
- ₹1,50,491 crore
- Debt
- ₹11,02,654 crore in 2026-27
Practice MCQs 4 questions
Who presented the Maharashtra Budget 2026-27 on 6 March 2026?
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Correct answer: B â Devendra Fadnavis
Chief Minister Devendra Fadnavis, who also holds the Finance portfolio, presented the budget.
What is the approximate total outlay of the Maharashtra Budget 2026-27?
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Correct answer: D â ₹7.69 lakh crore
The budget has an outlay of about ₹7.69 lakh crore; ₹11.02 lakh crore is the projected debt.
The farm loan waiver announced in the Maharashtra Budget 2026-27 is named after whom?
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Correct answer: A â Punyashlok Ahilyadevi Holkar
The scheme is the Punyashlok Ahilyadevi Holkar Shetkari Karjmafi Yojana.
Consider the following statements about the Punyashlok Ahilyadevi Holkar Shetkari Karjmafi Yojana: 1. It waives crop loans of up to ₹2 lakh for farmers with arrears as of 30 September 2025. 2. Farmers who repaid their loans regularly will receive an incentive of ₹50,000. Which of the above is/are correct?
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Correct answer: C â Both 1 and 2
Both are correct: the waiver covers crop loans up to ₹2 lakh in arrears as of 30 September 2025, and regular repayers get ₹50,000.