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

2 hours ago | Fairfax Financial Holdings

Cabinet approves Rs 52,878 crore sale of 60.72% stake in IDBI Bank to Fairfax entity

The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved Canada-based Fairfax Financial Holdings Ltd. as the strategic buyer for a 60.72% stake in IDBI Bank for approximately ₹52,878.08 crore. The transaction comprises the sale of a ...

2 hours ago | Annual Meetings

Nirmala Sitharaman to Attend IMF-World Bank Annual Meetings in Bangkok

Union Finance and Corporate Affairs Minister Nirmala Sitharaman will visit Bangkok, Thailand, from October 14 to 18 to participate in the Annual Meetings of the International Monetary Fund (IMF) and the World Bank Group, along with meetings of G20 an...

3 hours ago | Benchmark equity indices ended lower

Sensex falls, Nifty slips below 22,650 as pharma, healthcare stocks drag

Benchmark equity indices ended lower on Wednesday, weighed down by losses in pharma and healthcare stocks, even as gains in information technology shares limited the decline. The Sensex declined 251.89 points, or 0.34 per cent, to close at 72,781.8...