Overview of the Budget

Overview of the Budget

• Budget Year: 2026–27.
• Significance: This is the 10th budget of the Yogi Adityanath government and the last full budget of their second term.
• Total Size: ₹9,16,696 crore (approximately ₹9.12 lakh crore).Growth: 12.9% increase over the previous year.
• Fiscal Deficit: Estimated at 2.98% of GSDP, staying within the 3% FRBM limit.
• Capital Expenditure (Capex): Pegged at 19.5% of the total outlay (approx. ₹2 trillion), signaling a heavy focus on asset creation.
• GSDP Performance: Estimated at ₹30.25 lakh crore for 2024-25 with a growth rate of 13.4%.
• Per Capita Income: Estimated to reach ₹1,20,000 in 2025-26.
• Unemployment Rate: Claimed to have declined to 2.24%.
• Key Themes: Focused on "Viksit Uttar Pradesh" (Developed UP), Self-reliant UP, Youth Empowerment, and Employment.
• Presented By: Finance Minister Suresh Khanna.

Key Sector Highlights

1. Youth and Employment

• Job Targets: The government aims to provide 10 lakh new jobs.

• Digital Empowerment:
  ◦ ₹2,374 crore allocated for digital education.
  ◦ Distribution of tablets and smartphones to students.

• Skill Development:
  ◦ New training centers will be established under the PPP (Public-Private Partnership) model.
  ◦ Introduction of the Digital Entrepreneurship Scheme to encourage self-employment.

2. Women Empowerment (Nari Shakti)

• Marriage Grants: Under the Chief Minister’s Mass Marriage Scheme (Samuhik Vivah Yojana), the grant amount has been increased to ₹1 lakh.

• Mobility: ₹400 crore allocated for distributing scooties to eligible female students.

• Workforce Participation: Establishment of special training centers to increase women's participation in the workforce.

3. Industrial Growth & Manufacturing

• Mobile Manufacturing Hub:
  ◦ Uttar Pradesh is being developed as a Global Hub for mobile manufacturing.
  ◦ Stat: UP currently produces 65% of India's total mobile phones and 55% of mobile components.

• Electronics: Provision of ₹44,744 crore for electronics manufacturing and exports.

• Investments:
  ◦ MoUs worth ₹50 lakh crore have been signed.
  ◦ Over 16,000 projects worth ₹15 lakh crore are being implemented on the ground.

• Connectivity: Mention of two High-Speed Rail Corridors: Delhi-Varanasi and Varanasi-Siliguri.
• Roads & Bridges: Allocation of ₹34,468 crore.
• Industrial Clusters: ₹5,000 crore for the Chief Minister Industrial Area Expansion Scheme.
• Defence Corridor: MoUs signed for 200 industries with an investment potential of ₹35,280 crore.
• Urban Expansion: ₹3,500 crore for the Chief Minister's Urban Expansion and New City Promotion Scheme (New housing in Agra, Lucknow, and Meerut).

4. Agriculture

• Modernization: Focus on "Farm to Foreign" strategies, including the establishment of Agri-Export Hubs.

• Projects: Implementation of the World Bank-aided "UP Agris" project to increase farmers' income.

• Support: Provision for advanced seeds, subsidies, and disaster relief assistance.

• Production Targets: 753.55 lakh metric tonnes (foodgrains) and 48.18 lakh metric tonnes (oilseeds).
• UP-AGREES Project: A World Bank-assisted project to establish an Agri-Export Hub (₹245 crore) and aquaculture infrastructure.
• Solarisation: ₹637.84 crore for converting diesel pump sets into solar pumps.
• Dairy: A new dairy plant in Mathura (1 lakh litre/day capacity).
• Livestock: ₹2,000 crore for the maintenance of stray cattle.

5. Governance & Rankings

• SDG India Index: UP has made a significant leap in the Sustainable Development Goals (SDG) rankings.
  ◦ 2018–19 Rank: 29th.
  ◦ Current Rank: 18th.

• Ease of Doing Business: Improvements cited through the "Jan Vishwas Model" and streamlined licensing processes.

Budget Financial Allocation (Sector-Wise Breakdown)

The speaker highlighted specific percentage allocations for key sectors from the total budget: