Union Budget 2026-27 was presented by Finance Minister Nirmala Sitharaman in Parliament on 1 February 2026. The budget proposed a large set of new schemes and missions across agriculture, manufacturing, healthcare, education, infrastructure, and services, all aimed at the Viksit Bharat goal.
Budget 2026-27 is built on 3 kartavyas: fast and steady economic growth, building people's skills and capacity, and inclusive development with the spirit of Sabka Sath, Sabka Vikas. Public capital expenditure has been raised to ₹12.2 lakh crore for 2026-27. Dedicated funds include ₹10,000 crore each for the SME Growth Fund and Biopharma SHAKTI, and ₹20,000 crore for the CCUS Mission.
List of New Union Budget Schemes Announced in Budget 2026
Here is the list of the main new schemes and missions proposed in the Union Budget 2026-27, along with their key details.
- Biopharma SHAKTI - A ₹10,000 crore scheme over 5 years to turn India into a global biopharma manufacturing hub. It includes 3 new NIPER institutes, upgrades for 7 existing ones, and a network of over 1,000 accredited clinical trial sites.
- India Semiconductor Mission 2.0 - The next phase of the semiconductor mission with focus on equipment and materials production, full-stack Indian IP design, and stronger supply chains. A provision of ₹1,000 crore has been made for FY 2026-27.
- Electronics Components Manufacturing Scheme - Outlay increased to ₹40,000 crore to support domestic production of electronic components.
- SME Growth Fund - A dedicated ₹10,000 crore fund to create future champions among micro, small, and medium enterprises.
- Container Manufacturing Assistance Scheme (CMAS) - ₹10,000 crore over 5 years to build a globally competitive container manufacturing ecosystem.
- National Fibre Scheme - Support for self-reliance in natural fibres like silk, wool, and jute, along with man-made and new-age fibres.
- Textile Expansion and Employment Scheme - Modernization of traditional textile clusters with capital support for machinery, technology upgrades, and common testing and certification centers.
- CCUS Mission - ₹20,000 crore over 5 years for carbon capture, utilization, and storage across key sectors.
- Bharat-VISTAAR - A multilingual AI platform that gives farmers custom advice on crops, soil, and weather by combining AgriStack portals and ICAR farm practices.
- Coconut Promotion Scheme - A dedicated scheme to increase coconut production and productivity, with support for other high-value crops like sandalwood, cocoa, and cashew.
- Reservoir Development Scheme - Integrated development of 500 reservoirs and Amrit Sarovars to strengthen fisheries and water resources.
- Divyangjan Kaushal Yojana - Skill training for Divyangjan in IT, AVGC, hospitality, and food and beverages sectors.
- Divyang Sahara Yojana - Support for assistive devices through ALIMCO and assistive technology centers.
- Khelo India Mission - A long-term mission to improve the sports ecosystem with talent identification, coach training, and modern infrastructure.
The budget also announced a fresh set of infrastructure, connectivity, and health schemes. These are the main ones.
- Seven High-Speed Rail Corridors - New corridors announced as growth connectors: Mumbai-Pune, Pune-Hyderabad, Hyderabad-Bengaluru, Hyderabad-Chennai, Chennai-Bengaluru, Delhi-Varanasi, and Varanasi-Siliguri.
- 20 New National Waterways - To be operationalized over the next 5 years, starting with NW-5 in Odisha to connect mineral-rich areas to ports.
- Coastal Cargo Promotion Scheme - Incentives to shift cargo from rail and road to coastal shipping and inland waterways.
- Seaplane VGF Scheme - Viability gap funding for seaplane operations to improve last-mile connectivity and tourism access.
- Regional Medical Hubs - Five medical value tourism hubs set up with the private sector, combining healthcare, education, and research.
- AHP Expansion - Institutions upgraded and new ones added to bring in 1 lakh Allied Health Professionals over 5 years, along with training for 1.5 lakh caregivers.
- Chemical Parks - Support to states for setting up 3 dedicated chemical parks on a cluster-based plug-and-play model.
- National Institute of Hospitality - Upgraded from the existing National Council for Hotel Management and Catering Technology.
- Tourist Guide Upskilling Scheme - Training for 10,000 tourist guides at 20 iconic sites through a 12-week course.
- Buddhist Circuits Scheme - Development of Buddhist circuits in Arunachal Pradesh, Sikkim, Assam, Manipur, Mizoram, and Tripura.
- City Economic Regions - ₹5,000 crore allocated per region over 5 years for Tier-2 and Tier-3 cities and temple towns.
- Infrastructure Risk Guarantee Fund - Support for private developers against risks during the infrastructure construction phase.
Budget 2026-27 Highlights
Infrastructure spending stays at the center of the 2026-27 budget. Total expenditure is estimated at ₹53.5 lakh crore, while non-debt receipts are placed at ₹36.5 lakh crore. Fiscal deficit for 2026-27 is pegged at 4.3% of GDP, lower than the 4.4% estimate for 2025-26. States will get ₹1.4 lakh crore as Finance Commission grants for 2026-27, as per the 16th Finance Commission recommendation.
| Detail | Information |
|---|---|
| List Name | New schemes in Union Budget 2026-27 |
| Presented By | Finance Minister Nirmala Sitharaman |
| Presented On | 1 February 2026 |
| Total Expenditure | ₹53.5 lakh crore |
| Public Capital Expenditure | ₹12.2 lakh crore |
| Fiscal Deficit | 4.3% of GDP (BE 2026-27) |
| Finance Commission Grants to States | ₹1.4 lakh crore |
How Will the New Budget 2026 Schemes Roll Out?
Most new schemes announced in Budget 2026-27 are proposals at this stage. Detailed scheme rules, eligibility conditions, and online registration windows will be released by the respective ministries over the next few months. The easiest way to track them is to keep an eye on the official website of the ministry running the scheme.
For instance, the SME Growth Fund will be handled under the Ministry of Micro, Small and Medium Enterprises, Khelo India Mission falls under the sports ministry, and Divyangjan Kaushal Yojana will be run through the Department of Empowerment of Persons with Disabilities. Updates on these portals will be the official source once applications open.
Download Union Budget 2026-27 Budget Speech PDF
The full budget speech PDF for the financial year 2026-27 can be downloaded from the official Press Information Bureau link below.
Download Union Budget 2026-27 Budget Speech PDF
Related Reads
These related lists can also help you find the right scheme.
Pradhan Mantri Yojana List 2026, Government Health Schemes List 2026, and PM Kisan Beneficiary List Village Wise 2026.