Jharkhand Finance Minister Radha Krishna Kishore on Monday presented the state Budget for FY 2026–27 in the Assembly, proposing a total outlay of ₹1,58,560 crore. The budget lays strong emphasis on rural development, education, healthcare, women and child welfare, agriculture, and infrastructure, with the government positioning it as a roadmap for balanced growth, investment generation, and social justice.
Major Allocations Across Key Sectors
The budget makes significant provisions for development-oriented sectors:
- Rural Development: ₹12,346.90 crore
- Water Resources: ₹2,714.71 crore
- Panchayati Raj: ₹2,283.25 crore
- Women & Child Development (Social Security): ₹22,995.69 crore
- Maiya Samman Scheme: ₹14,065.57 crore
- Primary & Secondary Education: ₹16,251.43 crore
- Higher & Technical Education: ₹2,564.45 crore
- Health & Family Welfare: ₹7,990.30 crore, including ₹200 crore for cancer treatment
- Drinking Water & Sanitation: ₹5,194.53 crore
- Food, Public Distribution & Consumer Affairs: ₹2,887.27 crore
- Labour, Skill Development & Training: ₹1,168.73 crore
- SC/ST, Minority & Backward Class Welfare: ₹3,568.19 crore
- Energy: ₹11,197 crore
- Industry: ₹541.30 crore
- Tourism, Art, Culture & Sports: ₹361.67 crore
- Urban Development & Housing: ₹3,919 crore
- Disaster Management & Home Affairs: ₹11,038.53 crore
Fiscal Overview and Revenue Plan
The state has projected:
- Revenue Expenditure: ₹1.20 lakh crore
- Capital Expenditure: ₹37,708 crore
- Fiscal Deficit: ₹13,595.96 crore (≈2.18% of GSDP)
Revenue is expected from multiple channels:
- Tax Revenue: ₹46,000 crore
- Non-Tax Revenue: ₹20,700 crore
- Central Assistance: ₹18,273.66 crore
- Share in Central Taxes: ₹51,236.38 crore
- Public Debt: ₹22,049.96 crore
- Loans & Recoveries: ₹300 crore
The government has set a 14% targeted growth rate and aims to double Jharkhand’s GSDP within five years.
Push for Agriculture and Rural Economy
To strengthen rural livelihoods, the budget proposes:
- Launch of Mahila Kisan Khushhali Yojana to empower women farmers with modern technology and better market access.
- Expansion of cash crops and cold storage-backed cooperative marketing.
- Value addition of minor forest produce to increase tribal and rural incomes.
Education and Skill Development Initiatives
The government plans to upgrade technical and higher education infrastructure through:
- Development of all government polytechnics as Jharkhand Institute of Technology.
- Establishment of Dr. Bhimrao Ambedkar University in Chatra.
- Introduction of AI training in selected ITIs to prepare youth for emerging technologies.
Healthcare Investments for Better Access
Healthcare infrastructure will see expansion with:
- Installation of PET-CT, cath labs, and mammography machines in medical colleges and district hospitals.
- Affordable medicines through 750 Abua Clinics across the state.
Infrastructure, Connectivity, and Tourism Development
The state will invest heavily in roads, bridges, and connectivity under the Chief Minister’s Gram Sadak & Setu Yojana. Tourism projects include:
- Glass bridges, ropeways, and skywalks
- Solar-powered boats and floating restaurants
- Upgraded infrastructure at key destinations
Investment and Employment Outlook
Jharkhand has received ₹1.24 lakh crore investment proposals through World Economic Forum platforms, expected to generate 45,000 jobs. Industrial policies are also aimed at attracting an additional ₹20,000 crore investment.
Focus on Women and Children
- Child Budget: 10.7% of total plan allocation (~₹10,793 crore).
- Women-Focused Budget: Over ₹34,000 crore earmarked for women-related schemes.
Also Read | Uttar Pradesh Budget 2026–27 Allocates ₹26,514 Crore for Urban Development, Smart Cities and Housing
A Development-Oriented Roadmap
The Jharkhand Budget 2026–27 presents a comprehensive development blueprint focused on strengthening rural economies, expanding social welfare, modernising infrastructure, and creating employment opportunities. With targeted investments in health, education, and agriculture alongside industrial growth plans, the state aims to accelerate economic transformation while ensuring inclusive and equitable progress over the coming decade.
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