Maharashtra’s populist gamble with the Ladki Bahin scheme
Prime Minister Narendra Modi presents a cheque to a beneficiary under Mukhyamantri Mazi Ladki Bahin Scheme during a public event, in Thane on October 5, 2024. Maharashtra Chief Minister Eknath Shinde, deputy CM Ajit Pawar are also present.
| Photo Credit: ANI
In a bold but perilous move, the Maharashtra government has introduced the ‘Ladki Bahin’ scheme, a populist initiative brimming with promises of financial aid and incentives. However, this well-intentioned but flawed programme highlights a grim reality: the State’s leadership is sacrificing long-term fiscal stability for short-term electoral gains. While the scheme offers financial relief, its execution may worsen Maharashtra’s precarious financial situation.Maharashtra is grappling with a revenue deficit of ₹20,151 crore and a fiscal...