UP Budget 2025-26: Rs 8.09 Lakh Cr Allocated, Focus on R&D & IT
Feb 20, 2025 12:07
Uttar Pradesh Finance Minister Suresh Kumar Khanna presented a Rs 8.09 lakh crore budget for FY 2025-26, emphasizing research & development, Information Technology, and development projects. The budget allocates 22% for development, 13% for education, and 11% for agriculture.
Illustration: Dominic Xavier/Rediff.com
Lucknow, Feb 20 (PTI) Uttar Pradesh Finance Minister Suresh Kumar Khanna on Thursday tabled Rs 8,08,736 crore Budget for the financial year 2025-26 in the state assembly with a focus on research & development and Information Technology.
Khanna in his Budget speech said 22 per cent of the Budget has been allocated for development purposes, 13 per cent for education, 11 per cent for agriculture and related services, while six per cent has been allocated for health.
"We have focussed on research, development and Information Technology in the budget," said Khanna.
Khanna began his address by praising Chief Minister Yogi Adityanath and highlighting developments in the state under his leadership.
He also mentioned the ongoing Maha Kumbh as he began his address. He described the Kumbh as not only a cultural and religious event but also a rare astronomical occurrence symbolising India's ancient faith and cultural integrity.
Khanna said the total Budget outlay for financial year 2025-26 is 9.8 per cent higher from the Budget outlay for FY25.
The size of the state's Budget for 2024-25 was Rs 7,36,437 crore that included new schemes worth Rs 24,863.57 crore.
Khanna said the state government will develop an Artificial Intelligence City and set up a park for technological research in Cyber Security.
There are also provisions for the modernisation of the Legislative Assembly as well as the development of smart classes and laboratories in schools and polytechnics.
Home »
Market News » UP Budget 2025-26: Rs 8.09 Lakh Cr Allocated, Focus on R&D & IT
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
MORE NEWS
Mercedes to Hike Prices by 2% in January
Mercedes-Benz India will increase vehicle prices by up to 2% in January due to the...
Brookfield Invests $1B in Maharashtra GCC Facility
Brookfield to invest USD 1 billion in Maharashtra to build a global capability centre...
JSW Energy to Supply 400 MW to Karnataka Discoms
JSW Energy arm signs PPA with Karnataka discoms for 400 MW power supply starting April...
FPO Scheme Extended: Addressing Farmer Hurdles
Govt extends FPO scheme for 5 years (2026-31), tackling compliance & capital issues....
Chennai Bullion Rates: Gold & Silver Prices
Opening bullion rates in Chennai. Find today's gold (22Kt, 18Kt) and silver prices per...
Indian Textile Sector: RE Adoption & Challenges
Renewable energy adoption rises in Indian textile industry, but energy intensity...
India EV Battery Demand to Rise to 256.3 GWh by...
India''s EV battery market to surge to 256.3 GWh by 2032, driven by rising fuel prices,...
India Drone & Space Tech Boom: 2 Lakh Jobs by 2033
India's aerospace, drone, and space tech industry to reach $44B by 2033, creating 2...
India Auto Sales Surge: Passenger Vehicles Up...
Passenger vehicle dispatches in India jumped 19% YoY in November, driven by strong...
Passenger Vehicle Sales Up 19% in November: SIAM
Passenger vehicle dispatches rose 19% YoY in November, driven by robust post-festive...
Read More »