Home India Ministry of Finance UNION BUDGET 2026-27 OUTLINES THE KARTAVYA OF SAB KA SATH, S...
Date: 2026-02-01 Category: Press Release State: Union Government Country: India

UNION BUDGET 2026-27 OUTLINES THE KARTAVYA OF SAB KA SATH, SAB KA VIKAS TOWARDS A VIKSIT BHARAT

Issued by Ministry of Finance · Not Applicable

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Executive Summary & Key Takeaways

**Executive Summary** The Union Budget 2026-27 outlines the government's vision of "Sabka Sath, Sabka Vikas" towards a developed India, focusing on increasing farmer incomes, empowering Divyangjan and the vulnerable, and prioritizing the Purvodaya States and North-East Region. It includes various programs to support these goals, with a target to make India self-reliant in raw cashew and cocoa production and processing, enhance export competitiveness and transform Indian Cashew and Indian Cocoa into premium global brands by 2030. The Union Budget 2026-27 was presented in Parliament on 01 FEB 2026. **Key Points / Main Content** * **Overarching Goals:** * Increase farmer incomes through productivity enhancement and entrepreneurship. * Empower Divyangjan through livelihood opportunities, training, and assistive devices. * Empower the vulnerable to access mental health and trauma care. * Focus on the Purvodaya States and North-East Region to accelerate development and employment opportunities. * **Farmer Income Enhancement:** * Integrated development of 500 reservoirs and Amrit Sarovars. * Strengthening the fisheries value chain in coastal areas. * Enabling market linkages involving start-ups, women-led groups, and Fish Farmers Producer Organisations. * Supporting the Animal Husbandry Sector through a Credit-Linked Subsidy Programme, livestock enterprise modernisation, livestock value chain creation, and Livestock Farmer Producers Organisation encouragement. * **High Value Agriculture:** * Supporting high-value crops like coconut, sandalwood, cocoa, and cashew in coastal areas. * Supporting Agar trees in the North East and nuts (almonds, walnuts, pine nuts) in hilly regions. * Coconut Promotion Scheme to increase production and productivity, including replacing old trees with new varieties. * Dedicated program for Indian cashew and cocoa to make India self-reliant in raw cashew and cocoa. * Partnership with State Governments to promote focused cultivation and post-harvest processing to restore the Indian Sandalwood ecosystem. * Support a dedicated program to rejuvenate old, low-yielding orchards and expand high-density cultivation of walnuts, almonds and pine nuts. * **Bharat-VISTAAR (Virtually Integrated System to Access Agricultural Resources):** * Launch a multilingual AI tool integrating AgriStack portals and the ICAR package. * Enhance farm productivity, enable better decisions, and reduce risk through customized advisory support. **Impact Analysis** **Farmers** * **Impact:** * Increased income opportunities through various programs, including livestock, fisheries, and high-value crops. * Better access to resources and technology through Bharat-VISTAAR. * Support for specific crops like coconut, cashew, cocoa, sandalwood, almonds, walnuts, and pine nuts. * **Action Required:** * Engage with the various programs and initiatives offered by the government. * Utilize Bharat-VISTAAR for informed decision-making. * Participate in the expansion of high-value crops. **Divyangjan (Persons with Disabilities)** * **Impact:** * Enhanced livelihood opportunities, training, and access to assistive devices. * **Action Required:** * Explore and leverage available livelihood programs and training initiatives. * Seek access to high-quality assistive devices. **Vulnerable Populations** * **Impact:** * Improved access to mental health and trauma care. * **Action Required:** * Utilize the provided resources for mental health support and trauma care. **Purvodaya States and North-East Region** * **Impact:** * Accelerated development and employment opportunities. * Support for specific crops like Agar trees. * **Action Required:** * Participate in development programs and employment initiatives. * Engage in the expansion of high-value crops like Agar trees. **State Governments** * **Impact:** * Partnerships with the Union Government to promote focused cultivation and post-harvest processing. * **Action Required:** * Collaborate with the Union Government on initiatives to restore the Indian Sandalwood ecosystem. * Implement programs that support the growth and development of the agricultural sector.

Key Entities Referenced

Union Budget 2026-27: The central financial statement outlining government revenue and expenditure proposals for the specified fiscal year. Ministry of Finance: The government ministry responsible for the economy, including taxation, financial legislation, financial institutions, capital markets, and the Union Budget. Bharat-VISTAAR (Virtually Integrated System to Access Agricultural Resources): A proposed AI tool integrating agricultural resources and practices to enhance farm productivity and decision-making. Coconut Promotion Scheme: A scheme proposed to increase coconut production and productivity. Purvodaya States and the North-East Region: A geographical focus for accelerated development and employment opportunities.
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Ministry of Finance UNION BUDGET 2026-27 OUTLINES THE KARTAVYA OF SAB KA SATH, SAB KA VIKAS TOWARDS A VIKSIT BHARAT TARGETED EFFORTS FOR INCREASING FARMERS’ INCOME, EMPOWERING DIVYANGJAN, EMPOWERING THE VULNERABLE , FOCUS ON THE PURVODAYA STATES AND THE NORTH-EAST REGION COCONUT PROMOTION SCHEME, DEDICATED PROGRAMME FOR INDIAN CASHEW & COCOA, PROMOTING CULTIVATION OF SANDALWOOD AND DEDICATED PROGRAMME FOR WALNUTS, ALMONDS AND PINE NUTS ANNOUNCED प्रव तथ: 01 FEB 2026 12:50PM by PIB Delhi Presenting the Union Budget 2026-27 in Parliament today, the Union Minister for Finance & Corporate Affairs, Smt. Nirmala Sitharaman stated that the third Kartavya, aligns with the Government’s vision of Sabka Sath, Sabka Vikas, to ensure that every family, community, region and sector has access to resources, amenities and opportunities for meaningful participation. The Finance Minister laid down a broad roadmap for achieving the third Kartavya. Smt. Nirmala Sitharaman said, “This requires targeted efforts for a) Increasing farmer incomes through productivity enhancement and entrepreneurship, with special access attention to small and marginal farmers; b) Empowering Divyangjan through to livelihood opportunities, training and high-quality assistive devices; c) Empowering the vulnerable to access mental health and trauma care; d) Focus on the Purvodaya States and the North-East Region to accelerate development and employment opportunities.“ Increasing Farmer’s Income Under the broad objective of Increasing Farmer Incomes, the Budget includes provisions for integrated development of 500 reservoirs and Amrit Sarovars, strengthening the fisheries value chain in coastal areas and enabling market linkages involving start-ups and women-led groups together with Fish Farmers Producer Organisations. Smt. Nirmala Sitharaman stated that Animal Husbandry will be one of the key areas for increasing farmers’ income. To provide quality employment opportunities in rural and peri-urban areas, Government will support the Animal Husbandry Sector in entrepreneurship development through: (a) a Credit-LinkedSubsidy Programme (b) scaling-up and modernisation of livestock enterprises (c) enhance creation of livestock, dairy and poultry-focused integrated-value chains and (d) encourage creation of Livestock Farmer Producers Organisations. The Union Finance Minister laid stress on high Value Agriculture by supporting high value crops such as coconut, sandalwood, cocoa and cashew in the coastal areas. Agar trees in North East and nuts such as, almonds, walnuts and pine nuts in our hilly regions will also be supported. Smt. Sitharaman said, “India is the world’s largest producer of coconuts. About 30 million people, including nearly 10 million farmers, depend on coconuts for their livelihood. To further enhance competitiveness in coconut production, I propose a Coconut Promotion Scheme to increase production and enhance productivity through various interventions 16 including replacing old and non-productive trees with new saplings/plants/varieties in major coconut growing States.” As another step towards the objective of increasing farmers’ income, the Union Budget 2026-27 has also proposed a dedicated programme for Indian cashew and cocoa to make India self-reliant in raw cashew and cocoa production and processing, enhance export competitiveness and transform Indian Cashew and Indian Cocoa into premium global brands by 2030. Union Government will also partner with State Governments to promote focused cultivation and post- harvest processing to restore the glory of the Indian Sandalwood ecosystem. To rejuvenate old, low-yielding orchards and expand high-density cultivation of walnuts, almonds and pine nuts, the Budget proposes to support a dedicated programme to enhance farmer incomes and in bringing value addition by engaging youth. Bharat-VISTAAR (Virtually Integrated System to Access Agricultural Resources) Union Minister for Finance and Corporate affairs, Smt. Nirmala Sitharaman announced the proposal to launch Bharat-VISTAAR (Virtually Integrated System to Access Agricultural Resources).VISTAAR is envisaged as a multilingual AI tool that shall integrate the AgriStack portals and the ICAR package on agricultural practices with AI systems. This will enhance farm productivity, enable better decisions for farmers and reduce risk by providing customized advisory support. ****** RC/VA (रलीज़ आईडी: 2221410) आगंतुक पटल : 1543 इस वज्ञ को इन भाषाओ ंम पढ़: Urdu , Marathi , ही , Nepali , Assamese , Bengali , Punjabi , Gujarati , Tamil , Telugu , Kannada , M alayalam

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