Budget’s ‘Sankalp’ - Budget 2026

Budget’s ‘Sankalp’ is to focus on poor and disadvantaged

 Three key ‘kartavya’:

1. Speeding and sustaining economic growth by accelerating competitiveness.

2. Accomplish the desires of the people across the country.

3. Ensure access to resources and opportunities for every family, community, and region.

Nirmala Sitharaman today on 1st February 2026 stated that, This is the first budget prepared in Kartavya Bhavan. Various proposals she made were:

As proposed the creation of mega textile parks through a challenge mode to boost India’s textile sector. Launch of the Mahatma Gandhi Gram Swaraj initiative, aimed at strengthening Khadi and handloom, supporting rural artisans, and promoting traditional crafts under the Union Budget 2026-27.

Development of seven high-speed rail corridors as part of efforts to boost connectivity and infrastructure in India. Key routes include: Mumbai to Pune; Pune to Hyderabad; Hyderabad to Bengaluru; Bengaluru to Chennai.

Proposed to support professional institutions like ICAI, ICSI to design short term modular courses.

Propose to set up Rs.10,000 crore MSME growth fund to create future champions.

Establish dedicated rare earth corridors - Propose to support the mineral-rich states of Odisha, Kerala, Andhra Pradesh, and Tamil Nadu in establishing dedicated rare-earth corridors.

Increased outlay of Rs.40,000 crore to capitalise on the momentum of the semiconductor mission.

A new dedicated freight corridor stretching from Dankuni in the East to Surat in the West.

Develop infrastructure in cities with over 5 lakh population, that is, tier 2 and tier 3 cities.

Persons Resident Outside India (PROI) will now be allowed to invest in equity instruments of listed Indian companies through the Portfolio Investment Scheme.

Increase public capital expenditure to Rs.12.2 lakh crore.

New scheme to promote container manufacturing, aimed at building a globally competitive ecosystem for the sector, with a budgetary allocation of Rs 10,000 crore spread over five years.

Propose to support the Indian Institute of Creative Technologies, Mumbai in setting up AVGC Content Creator Labs in 15,000 secondary schools and 500 colleges.

Promote India as a medical tourism hub, propose a scheme to support states to set up 5 regional hubs in the country.

Individual Persons Resident Outside India (PROI) will be allowed to invest in equity instruments of listed Indian companies through the Portfolio Investment Scheme. It is also proposed to increase investment for PROI from 5% to 10%.

Bharat Vistar, a multilingual AI tool designed to integrate the agricultural sector, creation of She Marts, community-owned retail outlets to empower local entrepreneurs.

Credit-linked subsidy programme to support livestock farmer producer organisations, aimed at generating employment opportunities

Outlay of Rs 20,000 crore over the next five years to support Carbon Capture, Utilization and Storage (CCUS) technologies.

Launch of a Khelo India mission aimed at transforming the sports sector - Systematic development of athletes and support staff, Sports science and technology integration into training and performance and Development of sports infrastructure for training and competitions.

Initiatives to develop the Buddhist circuit in Andhra Pradesh, Sikkim, Mizoram, and Tripura.