Haryana Chief Minister Nayab Singh Saini made headlines on Monday by tabling a colossal ₹2.23 lakh crore budget for 2026-27, placing rural economic revitalization at its core. This comprehensive financial plan signals the government’s resolve to address grassroots challenges while fueling industrial momentum.
The star attraction was the announcement of ‘Haryana Agri Discom’, a specialized electricity distribution company for agriculture. Managing 5,084 agri-feeders, it will serve 7.12 lakh farmers with reliable power for tube wells, complementing the operations of UHBVN and DHBVN.
To supercharge industrialization, a ₹500 crore ‘Saksham’ fund was proposed for infrastructure enhancement in key cities. This move is expected to attract investments, create jobs, and invigorate local commerce.
As Finance Minister, CM Saini projected fiscal parameters with confidence: fiscal deficit at 2.65% of GSDP (₹40,293.17 crore), revenue deficit at 0.87%, and effective revenue deficit at 0.41%. Capital expenditure sees a healthy jump to ₹28,205 crore from last year’s ₹27,650 crore.
In his second budget speech, delivered wearing a traditional Sikh pagdi, Saini outlined a visionary roadmap to transform Haryana into a trillion-dollar economy by 2047. He celebrated the near-complete utilization (98%) of the prior budget, a first in state history.
Economic achievements were front and center. Per capita income rocketed from ₹1.47 lakh in 2014-15 to over ₹3.58 lakh currently, outpacing the national average. Forecasts predict further growth to ₹3.95 lakh next year. Saini contrasted this progress with past fiscal mismanagement.
The budget’s emphasis on capital outlay – 15.7% of total expenditure – promises accelerated infrastructure projects. From rural electrification to urban industrial hubs, Haryana is gearing up for a transformative era, blending agricultural strength with manufacturing prowess.