Union Budget 2026: Complete List Of New And Existing Government Schemes & Initiatives

The Union Budget 2026-27, presented by the Finance Minister of India on 1 February 2026, unveiled an ambitious policy and programme roadmap aimed at accelerating economic growth, strengthening social inclusion, and enhancing India’s technological and industrial capabilities. Through a calibrated mix of new flagship schemes and strengthened existing programmes, the Budget seeks to position India as a resilient, equitable, and future-ready economy.

With focused investments across MSMEs, manufacturing, infrastructure, tourism, health, agriculture, and sustainability, the Budget underlines the government’s intent to balance growth with long-term structural reforms. The Union Budget 2026-27 highlights reflect continuity in capital-led growth while introducing innovation-driven policy interventions.

What Is the Union Budget 2026–27?

Union Budget 2026 initiatives are the financial document of the Government of India that is going to be implemented on a fiscal year starting April 2026. It includes government spending, tax policy, priorities and special plans in the economy that will be adopted to enhance growth, social development and macro-economic stability. The Union Budget 2026 government schemes build on the government’s long-term strategy of infrastructure-led growth, economic formalisation, MSME empowerment, and technology-driven development.

New Schemes & Major Initiatives Announced

This section outlines the Budget 2026 new schemes and initiatives, giving readers a clear view of the government’s strategic priorities across sectors.

1. Programmes of the Strategic and Manufacturing Sector.

The Budget strongly encouraged high-technology production, in particular, in such fields as technology and strategic ones:

• Biopharma SHAKTI Scheme: Provided to be available in the amount of ₹10,000 crore in five years, aimed at making India a global leader in biologics and biosimilars, includes infrastructural support, expansion of clinical trials and biopharma capabilities.

• India Semiconductor Mission 2.0: Concentrates on semiconductor equipment, materials and full-stack R&D, an indication of a long term plan to reduce dependence on imports. Allocation on allied electronics manufacturing programmes grew to ₹40,000 crore.

• Container Manufacturing Scheme: ₹10,000 crore subsidy on the manufacturing of containers and related infrastructure equipment to increase the logistics self-reliance.

2. Measures of MSME and Business Support.

MSMEs remain central to economic growth, employment generation, and exports under the Budget 2026 major schemes:

• SME Growth Fund: ₹10,000 crore fund to give the small businesses equity and growth capital.

• Corporate Mitras cadres: The new diverse trained compliance support network assists MSMEs with GST, bookkeeping, reporting and statutory procedures at low fees in Tier-II/III towns.

• Trade Receivables Discounting System (TReDS) Push: The extension of relationships with e-procurement systems to enhance the liquidity of MSMEs.

3. Infrastructure/Connection growth.

Infrastructure continues to anchor the Union Budget 2026 initiatives, supporting long-term economic expansion:

• Public Capital Expenditure: 12.2 lakh crore is suggested for infrastructure in FY27, an increase in this from the previous amount is to improve connectivity, logistics and regional development.

• High-Speed Rail Corridors: Seven more corridors have been announced, linking key growth centres such as Mumbai- Pune, Delhi-Varanasi, Hyderabad-Bengaluru, as well as Varanasi-Siliguri.

• National Waterways Expansion: An expansion of twenty waterways in order to improve cargo transportation and inner connectivity.

Also Read: Driving India's Economic Growth And Connectivity.

4. Textiles, Handloom & Rural Economies.

The Budget 2026 list of schemes includes an integrated push for textile self-reliance:

• National Fibre Scheme: Aims at becoming self-reliant in fibres like silk, wool and hi-tech industrial fibres.

• Mega Textile Parks & Samarth 2.0: Infrastructure and skills development to modernise clusters and provide jobs in rural and semi-urban areas.

5. Rural Development Programmes Agriculture.

Agriculture-focused Union Budget 2026 government schemes integrate technology with traditional farming:

• Bharat Vistar (AI-enabled agricultural device): A multilingual AI device to provide farmers with information, including weather data and farm decisions, to ensure increased productivity throughout the country.

• PM Dhan-Dhaanya Krishi Yojana: Ongoing assistance of crop productivity and food security programs.

6. Improvement of Health, Education, and Social Welfare.

• The Allocation of Health Ministry: 1,06,530 crore distributed, where national health schemes, AIIMS and medical infrastructure projects are given significant allocations.

• Girls' Hostels: There was a proposal for one girls' hostel in each district to facilitate education and narrow down the gender disparities.

• AVGC Sector (Animation, VFX, Gaming and Comics): Creative tech lab in schools and colleges with government support to fill skill gaps and demand in the industry of approximately 2 million professionals by the year 2030.

7. Tourism, Culture and Heritage Schemes.

• National Destination Digital Knowledge Grid: To encourage digital recording and heritage projects.

• Trail Development: Mountain, bird watching and eco-tourism trails to facilitate the locals in employment.

• Buddhist Circuit Development: This will lead to infrastructure and tourism development of the northeast states to increase heritage tourism and inclusion in economic development.

Also Read: Get a Loan Upto 50000 Under PM SVANidhi Scheme.

8. Sustainability, Green Growth and Energies.

Environmental responsibility remains integral to the Union Budget 2026 initiatives:

• Carbon Capture Utilisation and Storage (CCUS) Programme: ₹20,000 crore in five years to implement cleaner technologies in industries.

• Green Transport Initiatives: Inland waterways, coastal transportation, and eco-logistics should be encouraged in order to lessen emissions.