Budget 2026-27: Social Sector Gets Rs 6 Lakh Crore Boost, Focus Shifts to Asset Creation

Agriculture
M
Moneycontrol•01-02-2026, 16:09
Budget 2026-27: Social Sector Gets Rs 6 Lakh Crore Boost, Focus Shifts to Asset Creation
- •The social sector receives a significant Rs 6 lakh crore allocation in Budget 2026-27, encompassing ministries like rural development, health, and education.
- •Allocations for Rural Development increased to Rs 2.73 lakh crore, Health Ministry to Rs 1.04 lakh crore, and Education Ministry to Rs 1.39 lakh crore.
- •The Modi government's strategy has evolved from a relief model to a tech-driven approach focusing on asset creation and human development.
- •New initiatives like VB-GRAM (Viksit Bharat Gramin) replace MGNREGA, linking rural employment to durable infrastructure projects.
- •Expansion of healthcare includes Day Care Cancer Centres, 75,000 new medical seats, and an expanded Ayushman Bharat, alongside training 1.5 lakh caregivers.
Why It Matters: Budget 2026-27 boosts social sector spending with a focus on asset creation, healthcare expansion, and human development.
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