Archive · 28 Sep 2026
Fadnavis Directs Maharashtra Committee To Draft Six-Month Financial Reform Roadmap
Maharashtra wants to manage its money more effectively.
Chief Minister Devendra Fadnavis asked a committee to prepare a reform plan within six months.
The plan will look at how the state collects money.
It will also examine how government funds are spent.
Some state agencies have money earning low interest while the government borrows money at higher interest rates.
The committee will study ways to reduce this mismatch.
It will also suggest methods to finish projects on time.
The government says it plans to act on the committee’s recommendations.
Maharashtra Chief Minister Devendra Fadnavis ordered a six-month roadmap for financial and administrative reforms.
The committee will examine tax and non-tax revenue mobilisation and explore alternatives to conventional collection methods.
Fadnavis highlighted that state agencies hold ₹6,000-7,000 crore at about 4% interest while the government borrows at 8-9%.
The committee will recommend ways to improve expenditure management, project completion and fund utilisation.
Fadnavis said the government would implement changes based on the committee’s recommendations.
- Who
- Maharashtra Chief Minister Devendra Fadnavis and the Maharashtra Sustainable Public Finance Committee.
- What
- The committee was directed to prepare a six-month roadmap for financial and administrative reforms.
- When
- The meeting was held on Monday; the roadmap is due within six months.
- Where
- At Sahyadri Guest House in Mumbai.
- Why
- To increase tax and non-tax revenue, improve fund utilisation and make government spending more efficient.
- Roadmap deadline
- Within six months
- Committee
- Maharashtra Sustainable Public Finance Committee
- Funds held by agencies
- Approximately ₹6,000-7,000 crore
- Interest earned by agencies
- About 4%
- Government borrowing cost
- Approximately 8-9%
- Reform focus
- Resource mobilisation, accounting and expenditure efficiency
- Meeting location
- Sahyadri Guest House, Mumbai