+
FM Unveils Major Initiatives for Bihar in 2025 Union Budget
ECONOMY & POLICY

FM Unveils Major Initiatives for Bihar in 2025 Union Budget

In her eighth consecutive budget presentation in Parliament, Union Finance Minister Nirmala Sitharaman laid out a roadmap for achieving "Sabka Vikas" by ensuring inclusive growth across all regions of India. Emphasising the country’s strong economic trajectory, she highlighted India's position as the fastest-growing economy among major nations. Sitharaman underscored the government’s commitment to harnessing the potential of each region, especially as the nation heads into the next five years of growth opportunities.

The finance minister also dedicated several key initiatives aimed at boosting Bihar’s development, with the state set to head to the polls later this year. Here are the major announcements for Bihar in the 2025 Union Budget:
• National Institute of Food Technology: A new institute will be established in Bihar to enhance food processing capabilities in Eastern India, which is expected to significantly boost local industries.
• Makhana Board: To support the cultivation and commercialization of Makhana, a dedicated Makhana Board will be set up. The Board will focus on improving production, processing, and marketing while also training farmers and organizing them into Farmer Producer Organizations (FPOs) for better access to government schemes.
• Expansion of IITs: Bihar will see an expansion in its education infrastructure with additional resources allocated to five IITs, including an expansion of IIT Patna to further develop technical education in the state.
• UDAN Scheme 2.0 for Regional Connectivity: Building on the success of the UDAN scheme, the government will launch a modified version aimed at boosting regional air connectivity. This initiative will connect 120 new destinations, carry an additional 4 crore passengers over the next decade, and provide financial support for the development of smaller airports, including greenfield airports in Bihar. Additionally, the capacity of Patna and Bihta airports will be increased to meet future demand.
• Support for Farmers: Financial backing will be provided for the Western Kosi Canal ERM project, aimed at improving irrigation and benefiting a large number of farmers in the Mithilanchal region.

In her eighth consecutive budget presentation in Parliament, Union Finance Minister Nirmala Sitharaman laid out a roadmap for achieving Sabka Vikas by ensuring inclusive growth across all regions of India. Emphasising the country’s strong economic trajectory, she highlighted India's position as the fastest-growing economy among major nations. Sitharaman underscored the government’s commitment to harnessing the potential of each region, especially as the nation heads into the next five years of growth opportunities.The finance minister also dedicated several key initiatives aimed at boosting Bihar’s development, with the state set to head to the polls later this year. Here are the major announcements for Bihar in the 2025 Union Budget:• National Institute of Food Technology: A new institute will be established in Bihar to enhance food processing capabilities in Eastern India, which is expected to significantly boost local industries.• Makhana Board: To support the cultivation and commercialization of Makhana, a dedicated Makhana Board will be set up. The Board will focus on improving production, processing, and marketing while also training farmers and organizing them into Farmer Producer Organizations (FPOs) for better access to government schemes.• Expansion of IITs: Bihar will see an expansion in its education infrastructure with additional resources allocated to five IITs, including an expansion of IIT Patna to further develop technical education in the state.• UDAN Scheme 2.0 for Regional Connectivity: Building on the success of the UDAN scheme, the government will launch a modified version aimed at boosting regional air connectivity. This initiative will connect 120 new destinations, carry an additional 4 crore passengers over the next decade, and provide financial support for the development of smaller airports, including greenfield airports in Bihar. Additionally, the capacity of Patna and Bihta airports will be increased to meet future demand.• Support for Farmers: Financial backing will be provided for the Western Kosi Canal ERM project, aimed at improving irrigation and benefiting a large number of farmers in the Mithilanchal region.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code