Budget 2026: MeitY Allocation Jumps to ₹21,633 Crore, Focus on AI and Semiconductors
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Storyboard•01-02-2026, 15:33
Budget 2026: MeitY Allocation Jumps to ₹21,633 Crore, Focus on AI and Semiconductors
- •MeitY's allocation for FY2026–27 increased to ₹21,632.96 crore, up from ₹20,232.95 crore in the previous Budget Estimates.
- •The Budget reflects a clear policy shift towards artificial intelligence, semiconductors, and electronics manufacturing.
- •Modified Semiconductor and Display Manufacturing Programme allocation nearly doubled to ₹8,000 crore, emphasizing domestic chip fabrication.
- •IndiaAI Mission received ₹1,000 crore, and Electronics Components Manufacturing Scheme funding rose to ₹1,500 crore.
- •Digital India programme saw increased funding for cybersecurity, while PLI for large-scale electronics manufacturing was reduced.
Why It Matters: Budget 2026 significantly boosts MeitY funding, prioritizing AI, semiconductor manufacturing, and domestic electronics production.
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