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Maharashtra to balance welfare spending and capital investments, says CM

Maharashtra Chief Minister Devendra Fadnavis stated that the state is working to ensure that the Rs 60,000 crore allocated for welfare schemes does not affect capital investments. He emphasised efforts to channelise funds into productive use and discussed key projects

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Maharashtra Chief Minister Devendra Fadnavis has stated that while pre-election welfare schemes such as the Ladki Bahin initiative are exerting a financial burden of Rs 60,000 crore on the state government, efforts are being made to ensure that this does not hinder capital investments.

As per PTI reports, Fadnavis, speaking at a Moneycontrol event on Friday evening, acknowledged the budgetary pressure caused by such expenditure but assured that the government is effectively managing the situation. He emphasised that Maharashtra is striving to balance its budget without reducing capital investment.

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