Union Budget 2026 Allocates ₹40,000 Crore for Semiconductors and Focuses on Jharkhand's Development
Union Minister Jual Oram described the Union Budget 2026 as a 'Reform Express', emphasizing economic growth and inclusive development. Key allocations include ₹40,000 crore for semiconductors, ₹10,000 crore for the bio-pharma sector, and substantial investments in MSMEs and infrastructure. Jharkhand will receive ₹51,236 crore through tax devolution and ₹17,600 crore for the railway sector. The budget also promotes women's empowerment and social welfare schemes, aiming for industrial growth and improved living standards in the region.
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Union Minister Jual Oram characterized the Union Budget 2026 as a 'Reform Express', aimed at accelerating economic development in Jharkhand and nationally. The budget allocates ₹40,000 crore for semiconductor manufacturing, ₹10,000 crore for bio-pharma, and similar amounts for MSMEs and micro-enterprises.
Jharkhand will receive ₹51,236 crore in tax devolution for 2026-27, with significant allocations for railways and infrastructure. The budget emphasizes women's empowerment, skill development, and welfare schemes, supporting inclusive growth and improved living conditions across the state.
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