what will be the meaning of President's rule in Maharashtra

Here what will be the meaning of President's rule in Maharashtra

Twenty days after the election result is declared, the political crisis in Maharashtra leads it to President's rule due to the crisis.
What is President's Rule Article 356 of the Constitution of India empowers the President of India to suspend the State Government and impose President's Rule in any state of
The country "If it is happy that the state has been created at intervals, then the rule cannot be abolished by the provisions of the Constitution".

The central government takes direct management of the state and also the governor becomes its constitutional head.
Also, there will be no Council of Ministers. The Legislative Assembly is either dissolved or predetermined.
Even the Chief Minister's office will be vacant, which will force the Election Commission to hold re-election within six months.
The crisis started after the three major parties BJP, Shiv Sena and NCP, which did not claim to form the government, could impose President's rule in the state.

How will it have an effect on the individuals of the state

While the day-to-day operations of the state will not be affected, the presidential rule will mean that no major government decisions will be made for the next six months. No project will be approved, and no major policy decisions will be made, including subsidies and others - keeping progress in mind until the formation of the next government.