Finance Minister Nirmala Sitharaman unveiled a transformative Union Budget, highlighting significant investments in infrastructure that have shown a strong multiplier effect on the economy. She pledged continued fiscal support for infrastructure over the next five years while balancing other priorities and fiscal consolidation. This year, ₹11,11,111 crore has been allocated for capital expenditure, representing 3.4% of GDP. The budget includes significant financial packages for Andhra Pradesh and major projects for Bihar, with special multilateral support for the state. An initial allocation of ₹15,000 crore is set for the current fiscal year.
The Finance Minister announced the launch of Phase IV of the Pradhan Mantri Gram Sadak Yojana, aiming to provide all-weather connectivity to 25,000 rural habitations, and announced an industrial nod in Bihar, involving ₹26,000 crore investment. The budget aims to address irrigation and flood mitigation in Bihar through the Accelerated Irrigation Benefit Programme, providing financial support for projects estimated at ₹11,500 crore, and supporting flood management in Assam, Himachal Pradesh, Uttarakhand, and Sikkim.
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