Monday, February 2

Meghalaya’s govt welcomes Union Budget 2026-27, terms it growth-oriented

The Meghalaya government has welcomed the Union Budget 2026–27, saying it provides a forward-looking roadmap anchored in fiscal prudence, sustained public investment and balanced regional development, while noting that hill states continue to face constraints in untied fiscal space. In an official statement, the Finance Department said the Budget’s increase in public capital expenditure to ₹12.2 lakh crore would reinforce infrastructure-led growth, supported by targeted investments in education, healthcare, tourism, agriculture, skilling and technology-enabled governance.

The state government also welcomed the enhancement of allocations under the Special Assistance to States for Capital Investment (SASCI) to ₹1.85 lakh crore for 2026–27, describing the support as instrumental in advancing capital-led development and strengthening infrastructure growth in Meghalaya. The Budget reiterates a clear policy thrust on the North-Eastern Region, recognising its strategic importance, ecological sensitivity and untapped economic potential.

According to the statement, targeted measures across connectivity, tourism, agriculture, healthcare and human capital development are expected to support growth and employment generation in the region, aligning closely with Meghalaya’s priorities in eco-tourism, tribal livelihoods, youth skilling and sustainable agriculture. On sectoral measures, the government said the proposed ₹10,000 crore SME Growth Fund would help scale up micro, small and medium enterprises and promote women-led entrepreneurship. Continued expansion of central capital expenditure and focus on Tier-II and Tier-III growth centres are expected to strengthen physical and digital connectivity, particularly in hilly and remote areas.

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