Budget 2026 Big Push: Textile Jobs & Banking Reforms for Viksit Bharat | Oneindia

Описание: The Union Budget 2026–27, presented on 01 February 2026, delivers a focused push on job creation and economic stability through two critical pillars — the labour-intensive textile sector and banking reforms for Viksit Bharat.

Labour-Intensive Textile Sector
The government has announced an Integrated Textile Programme to revive traditional clusters and boost employment. Key measures include:
National Fibre Scheme covering natural, man-made and new-age fibres
Technology upgradation and modernization of textile clusters
Strengthening handloom and handicraft ecosystems
Sustainability push through Tex-Eco initiatives
SAMARTH 2.0 for large-scale skilling and workforce readiness
Mega Textile Parks to enhance scale, exports and value addition
This initiative aims to generate mass employment, especially for women, artisans, and rural youth, while strengthening India’s global textile competitiveness.

Banking for Viksit Bharat
Recognising the banking sector as the backbone of economic growth, the Budget proposes:
A High-Level Committee on Banking for Viksit Bharat
Review of banking reforms aligned with future growth needs
Strengthening financial inclusion, credit delivery and consumer protection
Preparing banks for technology-driven and long-term development
Together, these measures link jobs, industry, and finance, creating a strong foundation for inclusive and sustainable growth on India’s path to Viksit Bharat.

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