Abhay Scheme for Property Tax Recovery in Municipalities and Industrial Areas
The Cabinet has approved the implementation of the "Abhay Scheme" for recovery of overdue property taxes with a penalty waiver to increase collection. The meeting was chaired by Chief Minister Devendra Fadnavis.
Under this scheme, a penalty of 2% per month will be waived for overdue property taxes in municipalities and industrial areas. This will help reduce the increase in outstanding dues, as penalties often exceed the original tax amount, leading to delayed payments. The scheme will also allow the authorities to waive such penalties.
Previously, there was no provision to waive such penalties under the existing laws. Now, the Cabinet has approved an amendment to the law to introduce such a provision.
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