Finance Minister Radhakrishna Kishore on Tuesday presented a Rs 1,58,560 crore Budget for 2026–27 in the Jharkhand Assembly, marking a nearly nine per cent increase over the previous year.
Presenting the budget Kishore reaffirmed the coalition government’s resolve to fulfil the aspirations behind Jharkhand’s creation despite political challenges.
The minister flagged strained Centre-State financial ties, alleging that around Rs 5,000 crore in tax dues remain pending. He claimed that changes in GST compensation and MGNREGA funding norms have caused a loss of nearly Rs 5,640 crore to the state.
Despite this, he said the government would continue pursuing development through internal resource mobilisation.
Agriculture and rural development received major focus in the budget. Rs 25 crore has been allocated under the Women Farmers’ Happiness Scheme to promote integrated farming and improve market access, while Rs 19.88 crore has been earmarked to boost cash crop cultivation.
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The Budget proposes Rs 162.20 crore for cold storage-cum-solar facilities in every Assembly constituency.
In education, 23 polytechnics will be upgraded into Jharkhand Institutes of Technology under the J-PRAGATI Scheme. A Dr. Bhimrao Ambedkar University will be set up in Chatra, and AI training will begin in six ITIs.
Healthcare infrastructure will be strengthened with PET-CT facilities in five medical colleges, mammography machines in 24 district hospitals, cath labs in all medical colleges, and 750 ‘Abua Dispensaries’ across the state.
For infrastructure, Rs 1,000 crore has been earmarked for rural roads and Rs 730 crore for bridges. Tourism projects include ropeways and glass bridges at major waterfalls, along with eco-tourism initiatives at key destinations.
The state has received investment proposals worth Rs 1.24 lakh crore via the World Economic Forum platform and aims to attract Rs 20,000 crore more, generating jobs.
The fiscal deficit of the State is projected at 2.18 per cent of GSDP, with a target of doubling the state economy within five years through 14 per cent annual growth.
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