A compensation of Rs 50,000 each will be given to the injured and state government will provide for their treatment.
He also said a high-level committee will probe the circumstances under which the 40-year-old overbridge collapsed.
Prime Minister Narendra Modi tweeted and expressed deep anguish over the loss of lives due to the foot overbridge accident in Mumbai.
He wished that the injured recover at the earliest. He further tweeted that the Maharashtra government is providing all possible assistance to those affected.
Railways Minister Piyush Goyal also expressed his condolences to the family of the victims in Mumbai bridge collapse.