Union Budget 2026–27 is set to open new avenues of growth not only for the nation but also for the North-Eastern region. According to Union Minister for Rural Development and Agriculture & Farmers’ Welfare Shivraj Singh Chouhan, the budget lays a strong foundation for building a self-reliant, empowered, and prosperous India by 2047. He emphasized that it reflects the vision of inclusive development, ensuring benefits reach every section of society.
The minister stated that ₹6,812 crore has been allocated to the Ministry for Development of Northeastern Region, which is ₹897 crore higher than last year’s allocation. This increase highlights the central government’s commitment to accelerating growth and infrastructure development in the region.
For the financial year 2026–27, Assam has been allotted ₹49,725 crore under tax devolution. Since 2014, the state has received nearly ₹3.12 lakh crore through this mechanism. In the healthcare sector, the government will invest ₹10,000 crore over five years under the “Bio-Pharma Shakti” initiative to strengthen domestic capacity in advanced treatments such as biologics and biosimilars. As part of this effort, institutions including the National Institute of Pharmaceutical Education and Research (NIPER) in Guwahati will be upgraded to promote research, innovation, and skilled workforce development.
Mr. Chouhan announced that the agriculture budget has been increased to ₹1,32,561 crore this year. An allocation of ₹9,967 crore has been earmarked for agricultural education and research to boost innovation and scientific advancement. In addition, ₹1,70,944 crore has been set aside for fertilizer subsidies, ensuring affordable inputs for farmers, lowering production costs, and improving farm incomes.
The Rural Development Ministry’s budget has been increased by 21 percent. Under the “Viksit Bharat” initiative, more than ₹1.51 lakh crore has been allocated to accelerate rural infrastructure creation and livelihood generation, giving fresh momentum to grassroots development.
Approval for Mustard Procurement in Assam:
The agriculture minister also announced that the proposal from the Assam government to procure 60,500 metric tonnes of rapeseed (canola)/mustard at Minimum Support Price for the Rabi 2026 season has been approved. This decision will ensure farmers receive remunerative prices and are not forced to sell their produce at lower market rates. Additionally, Assam has been allocated ₹104.17 crore for 2026–27 under the Pulses Self-Reliance Mission.
Overall Outlook: Overall, the Union Budget 2026–27 is being viewed as growth-oriented, farmer-friendly, and regionally balanced. With targeted investments in agriculture, rural infrastructure, healthcare, and the North-Eastern region, it is expected to strengthen economic progress and create new opportunities, particularly for farmers and emerging regional economies.
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Union Budget 2026–27: Growth Opportunities for North-East and Farmers | Khetivyapar
Union Budget 2026–27 is set to open new avenues for economic growth not only for India but particularly for the North-Eastern region. According to Union Minister for Rural Development and Agriculture & Farmers’ Welfare, Shivraj Singh Chouhan, the budget lays a strong foundation for building a self-reliant, empowered, and prosperous India by 2047. It reflects the vision of inclusive development, ensuring benefits reach every section of society.
Special Focus on North-East Development
The Union Budget 2026–27 allocates ₹6,812 crore to the Ministry for Development of Northeastern Region, an increase of ₹897 crore over last year. This allocation highlights the government’s commitment to accelerating growth, infrastructure creation, and social development in the North-East.
Tax Devolution and Healthcare Boost for Assam
Assam has been allotted ₹49,725 crore under tax devolution for FY 2026–27. Since 2014, the state has received nearly ₹3.12 lakh crore through this mechanism. In healthcare, the government will invest ₹10,000 crore over five years under the “Bio-Pharma Shakti” initiative. This plan aims to strengthen domestic capacity in advanced treatments like biologics and biosimilars, with institutions such as NIPER Guwahati receiving upgrades to promote research, innovation, and workforce skill development.
Higher Agriculture Budget and Farmer Benefits
The agriculture budget has been increased to ₹1,32,561 crore this year. Of this, ₹9,967 crore is allocated for agricultural education and research, promoting innovation and scientific advancements. Fertilizer subsidies have been raised to ₹1,70,944 crore, ensuring affordable inputs for farmers, reducing production costs, and improving farm incomes.
Boost to Rural Development
The Rural Development Ministry’s budget has increased by 21% under the “Viksit Bharat” initiative. More than ₹1.51 lakh crore is allocated to accelerate rural infrastructure creation and livelihood generation, providing a strong impetus to grassroots development.
Approval for Mustard Procurement in Assam
The Union Budget 2026–27 approves Assam’s proposal to procure 60,500 metric tonnes of mustard at MSP for the Rabi 2026 season. This ensures farmers receive remunerative prices. Additionally, Assam will receive ₹104.17 crore for the Pulses Self-Reliance Mission.
Overall, Union Budget 2026–27 is growth-oriented, farmer-friendly, and regionally balanced. With targeted investments in agriculture, rural development, healthcare, and the North-East, it strengthens economic progress and opens new opportunities for farmers and emerging regional economies.
FAQs:
What is the total agriculture budget in Union Budget 2026–27?
The agriculture budget has been increased to ₹1,32,561 crore.
How much has been allocated to North-Eastern development?
₹6,812 crore has been allocated, ₹897 crore higher than last year.
What MSP decision has been made for Assam’s mustard farmers?
Assam’s procurement of 60,500 MT mustard at MSP for Rabi 2026 has been approved.
What healthcare investment is planned in Assam?
₹10,000 crore over five years under “Bio-Pharma Shakti” to boost biologics and biosimilars.
How will rural development benefit from the budget?
Over ₹1.51 lakh crore is allocated for infrastructure and livelihood generation under “Viksit Bharat.”
