Union Budget 2026: Focus on Tier-2, Tier-3 Cities, Temple Towns as Growth Engines
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Moneycontrol•01-02-2026, 16:02
Union Budget 2026: Focus on Tier-2, Tier-3 Cities, Temple Towns as Growth Engines
- •Finance Minister Nirmala Sitharaman announced a prioritisation of Tier-2, Tier-3 cities, and temple towns, allocating Rs 5,000 crore annually for five years to boost urban infrastructure and civic amenities.
- •The Budget introduces 'Corporate Mitras' initiative with modular professional courses by ICAI, ICMAI, ICSI to help SMEs in smaller cities with compliance.
- •Five university townships near industrial corridors and one girls' hostel per district are planned to support education and female students.
- •Seven new high-speed rail corridors, including Mumbai–Pune and Delhi–Varanasi, will enhance connectivity and regional growth.
- •Twenty new national waterways, including NW-5 in Odisha, and sustainable mountain trails in Himachal Pradesh, Uttarakhand, Jammu and Kashmir, and eco-tourism initiatives are also part of the budget.
Why It Matters: Union Budget 2026 prioritises developing smaller cities, enhancing connectivity, and boosting eco-tourism for India's growth.
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