Union Budget 2026-27: Capex Target Raised To ₹12.2 Lakh Crore To Boost Infrastructure
Finance Minister Nirmala Sitharaman announced in the Union Budget 2026-27 that the capital expenditure target will rise to Rs 12.2 lakh crore from Rs 11.2 lakh crore. The government plans to boost infrastructure in Tier-2 and Tier-3 cities, introduce a risk guarantee fund, promote domestic manufacturing of construction equipment, and support skill development through professional institutions.
Union Budget 2026-27: Capex Target Raised To ₹12.2 Lakh Crore To Boost Infrastructure | IANS (Representational Image)
New Delhi: Finance Minister Nirmala Sitharaman on Sunday said the target for capex will be raised to Rs 12.2 lakh crore for FY27 from Rs 11.2 lakh crore earmarked for the current fiscal year and announced a slew of measures to boost infrastructure in the country.
Presenting the Union Budget for 2026-27 in the Lok Sabha, she said the government will continue to develop infrastructure in Tier-2 and Tier-3 cities.
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The government also proposes to set up risk guarantee fund for infrastructure sector, she added.
A scheme for enhancement for construction and infrastructure equipment will be introduced to strengthen domestic manufacturing, Sitharaman said.
The government also proposes to support professional institutions like ICAI, ICSI to design short-term modular courses, she added.
(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
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