Print

Union Budget 2025-26: FM Sitharaman unveils modified UDAN scheme, boosts regional connectivity

In her presentation of the Union Budget 2025-26, Finance Minister Nirmala Sitharaman announced a significant push toward enhancing regional connectivity with the launch of a Modified UDAN scheme. The initiative will bring 120 new destinations into the network and facilitate travel for an additional 4 crore passengers over the next decade.

The scheme prioritizes the development of helipads and smaller airports in hilly, aspirational, and northeastern districts to improve access to remote regions. “The Modified UDAN scheme will enhance regional connectivity to 120 new destinations and carry 4 crore additional passengers in the next 10 years,” Sitharaman said.

To address the rising aviation demands in Bihar, the Finance Minister announced the facilitation of greenfield airports. These will supplement the capacity of Patna airport and include the development of a brownfield airport in Bihta, aimed at strengthening the state’s air infrastructure and supporting its economic growth.

Further advancing Bihar’s agricultural sector, Sitharaman pledged financial support for the Western Kosi Canal Extension, Renovation, and Modernization (ERM) project in Mithilanchal. The initiative is expected to benefit over 50,000 hectares of farmland, providing critical irrigation support for local farmers.

“This project will benefit a large number of farmers cultivating over 50,000 hectares of land in the Mithilanchal region,” Sitharaman highlighted, emphasizing the government’s commitment to agricultural development and water resource management.

(Inputs from ANI)

RELATED ARTICLES

1 hour ago | Brent Crude

Brent crude falls below $80 amid hopes of lasting US-Iran truce

Global crude oil prices declined by almost 1 per cent on Wednesday as investors and traders assessed the possibility that the Iran conflict would end and the Strait of Hormuz would reopen. International oil benchmark Brent crude fell 0.72 per cent t...

2 hours ago

NSE Indices Launches 11 New Sectoral Benchmarks, Total Count Reaches 34

NSE Indices Limited, the index services subsidiary of the National Stock Exchange (NSE), on Tuesday announced the launch of 11 new sectoral indices, expanding its benchmark offerings and strengthening sector-specific representation across India’s e...

3 hours ago | Domestic equity benchmarks

Sensex, Nifty trade flat as crude oil declines, monsoon remains in focus

Domestic equity benchmarks traded flat in morning session on Wednesday after a three-day rally driven by lower crude oil prices and optimism over a US-Iran peace deal. Sensex was trading at 76,817.58, up 8.58 points or 0.01 per cent, while Nifty was...