Daijiworld Media Network – Mumbai

Mumbai, Oct 3: Maharashtra has received an advance instalment of Rs 6,418 crore from the Central government as part of tax devolution, Deputy Chief Minister Ajit Pawar said on Thursday. The move comes ahead of the festive season to enable the state to accelerate capital spending and support welfare and development initiatives.

On Wednesday, the Centre released an additional instalment of tax devolution totaling Rs 1,01,603 crore to states, supplementing the regular monthly devolution of Rs 81,735 crore, scheduled for release on October 10.

In a post on X, Pawar, who holds the finance and planning portfolio, thanked Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for releasing the funds. “With the upcoming festival season, and to enable the state to ramp up capital expenditure and provide adequate funding for our welfare and development schemes, this amount will undoubtedly prove beneficial for Maharashtra,” he wrote.

He added, “This amount will help us further boost our welfare schemes and enhance our development initiatives, bringing joy and prosperity to every household of Maharashtra.”