Why in the News
The Haryana Chief Minister presented the Haryana Budget 2025-26, unveiling a visionary roadmap for sustainable growth, employment generation, women empowerment, and technological innovation. The budget aims to strengthen fiscal health while preparing the state for the future economy.
Total Budget Outlay
The total expenditure proposed for FY 2025-26 stands at ₹2,05,017.29 crore, marking a 13.7% increase from the revised estimates of 2024-25.
Establishment of the Department of Future
A new “Department of Future” will be created to prepare Haryana for upcoming economic, environmental, and technological challenges.
This strategic department will act as a think tank, focusing on AI, automation, climate change preparedness, and economic resilience.
Haryana AI Mission
The government will launch the Haryana Artificial Intelligence Mission with World Bank assistance of ₹474 crore.
AI hubs in Gurugram and Panchkula will promote emerging technologies in governance, education, and industry, positioning Haryana as a leading tech-driven state.
Lado Lakshmi Scheme for Women
With an allocation of ₹5,000 crore, the Lado Lakshmi Scheme will provide ₹2,100 per month to women.
This initiative reinforces the state’s commitment to gender equality and financial independence for women.
Employment Generation under Mission Haryana-2047
The budget targets 50 lakh new jobs under Mission Haryana-2047, focusing on youth employment, skill development, and entrepreneurship for a stronger workforce.
SANKALP – Combating Substance Abuse
A new authority, SANKALP (Substance Abuse and Narcotics Knowledge Awareness and Liberation Program), will be formed with ₹10 crore to coordinate drug prevention, awareness, and rehabilitation initiatives.
Fiscal Responsibility and Economic Health
Haryana continues to show strong fiscal discipline:
Revenue deficit reduced from 1.90% (2014-15) to 1.47% (2024-25)
Fiscal deficit lowered from 2.88% to 2.68%
As a share of the total budget, revenue deficit has fallen from 13.4% to 9.9%
This demonstrates the government’s focus on financial prudence and sustainable economic management.
Support for Athletes
To encourage sports and fitness:
Free insurance coverage up to ₹20 lakh for national and international athletes
₹10 lakh seed fund for Olympic medalists to start businesses
₹5 crore loan with a 2% interest subsidy for setting up sports academies
Infrastructure Development
Major infrastructure plans include:
Multi-level parking projects in key cities
New metro line in Gurugram
Flight services from Hisar Airport to Ayodhya, Jaipur, Chandigarh, Ahmedabad, and Jammu
Strengthening Agriculture and Rural Economy
Given Haryana’s agrarian roots, the budget emphasizes rural development:
Interest-free loans up to ₹1 lakh for women dairy farmers
New horticulture policy to boost production and exports
Air cargo facility at Hisar Airport for perishable produce
Cow sanctuaries in every district for animal welfare and sustainable livestock farming
Education & Scholarships
The Kalpana Chawla Scholarship Scheme will grant ₹1 lakh per year to female students in science and engineering, promoting STEM education for women.
Empowering Startups
To fuel innovation, the state will encourage private investors to create a ₹2,000 crore Fund of Funds, aimed at supporting startups and entrepreneurs across Haryana.
Mission Haryana-2047: A Vision for Prosperity
Under Mission Haryana-2047, the goal is to elevate the state’s Gross State Domestic Product (GSDP) to USD 1 trillion.
GSDP has risen from ₹4,37,145 crore (2014-15) to ₹12,13,951 crore (2024-25) — an annual growth rate of 10.8%
Per capita income surged from ₹1,47,382 to ₹3,53,182 over the same period
This ambitious mission outlines a clear path toward a future-ready, high-income Haryana.
Conclusion
The Haryana Budget 2025-26 positions the state as a leader in innovation, women empowerment, and sustainable growth.
With strategic initiatives in AI, agriculture, startups, and infrastructure, the government envisions transforming Haryana into a USD 1 trillion economy by 2047, setting a benchmark for progressive governance in India.
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