Lucknow’s latest budget for 2026-27 marks a bold push towards industrial growth and employment generation in Uttar Pradesh. Finance Minister Suresh Khanna unveiled ambitious allocations prioritizing infrastructure, manufacturing, and technology sectors.
A whopping Rs 27,103 crore has been earmarked for infrastructure and industrial development, reflecting a 13% jump from last year. This includes Rs 5,000 crore for expanding chief minister industrial parks and launching new ones, fostering a robust ecosystem for businesses.
The Atal Infrastructure Mission receives Rs 2,000 crore, while Rs 1,000 crore targets FDI and Fortune-500 incentives. In a major highlight, the Defence Industrial Corridor boasts potential investments of Rs 35,280 crore, with 200 MoUs signed, projecting 53,263 direct jobs.
MSMEs get a significant Rs 3,822 crore boost—up 19%—alongside Rs 575 crore for Sardar Vallabhbhai Patel Employment and Industrial Zones. Youth entrepreneurship schemes like the Chief Minister Yuva Udyami Vikas Abhiyan secure Rs 1,000 crore, and self-employment initiatives bag Rs 225 crore.
Textiles shine with Rs 5,041 crore, a five-fold increase, including Rs 4,423 crore for powerloom weavers’ flat-rate electricity and Rs 150 crore for the 2022 Textile Policy. IT and electronics surge 76% to Rs 2,059 crore, with Rs 225 crore for UP AI Mission and over Rs 95 crore for cyber security.
Roads and bridges command Rs 34,468 crore, fueling North-South corridors, bypasses, and logistics routes. Irrigation jumps 30% to Rs 18,290 crore, promising 4.49 lakh hectares of new irrigation via Ken-Betwa link and 2,100 state tube wells, benefiting millions of farmers.
This budget underscores UP’s vision for economic transformation, blending heavy infrastructure bets with skill-focused job creation to propel the state as India’s growth engine.