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Key Highlights of Haryana Budget 2025-26 for Competitive Exams

Posted by EduEvoke on May 29, 2025
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Key Highlights of Haryana Budget 2025-26 for Competitive Exams

Key Highlights of Haryana Budget 2025-26 for Competitive Exams

The Haryana Budget 2025-26, presented on March 17, 2025, outlines the state's financial roadmap and strategic initiatives. For those preparing for competitive examinations, understanding the key figures, allocations, and new schemes is crucial. Here's a breakdown of the most important points:

I. Overall Financial Outlay and Fiscal Health

  • Total Budget Outlay: ₹2,05,017.29 crore, representing a **13.7% increase** from the revised estimates of 2024-25.
  • GSDP Projection: Gross State Domestic Product (GSDP) for 2025-26 (at current prices) is projected at ₹13,47,486 crore, an **11% growth** over 2024-25 revised estimates.
  • Fiscal Deficit: Targeted at **2.7% of GSDP** (₹35,995 crore) for 2025-26, keeping within the FRBM Act limit of 3%.
  • Revenue Deficit: Estimated at **1.53% of GSDP** (₹20,600 crore) for 2025-26.
  • Expenditure (excluding debt repayment): Estimated at ₹1,69,229 crore, a **15% increase** from 2024-25 revised estimates.
  • Capital Outlay: Proposed at ₹16,164 crore, a significant **27% increase** from the revised estimate of 2024-25, highlighting a focus on asset creation.
  • Committed Expenditure: Estimated to be ₹74,701 crore (**58% of revenue receipts**), covering salaries, pensions, and interest payments.

II. Key Initiatives and Sectoral Allocations

  • "Department of Future": A new department established as a strategic think tank focusing on climate change preparedness, Artificial Intelligence (AI), automation, and economic resilience.
  • Haryana AI Mission:
    • To be launched with World Bank assistance of over **₹474 crore**.
    • AI hubs will be established in Gurugram and Panchkula.
    • Aims to train over **50,000 youth and professionals** in cutting-edge technologies.
  • Lado Lakshmi Scheme:
    • ₹5,000 crore allocated.
    • Aims to provide **₹2,100 per month financial assistance to women**.
  • Employment Generation:
    • Target of **50 lakh youth employment** under "Mission Haryana-2047."
    • "Mukhyamantri Yuva Kaushal Samman Yojana" to provide internship opportunities and a **₹10,000 monthly honorarium** to 2,000 final-year students.
    • Haryana Overseas Employment Cell and Haryana Skill & Employment Corporation to facilitate international job opportunities.
    • Target to generate **two lakh government jobs** over the next five years.
  • Substance Abuse Prevention: Establishment of SANKALP (Substance Abuse and Narcotics Knowledge Awareness and Liberation Program Authority) with an initial fund of **₹10 crore**.
  • Support for Athletes:
    • "Khiladi Bima Yojana" to provide free insurance coverage up to **₹20 lakh** to national and international athletes.
    • Olympic medalists to receive **₹10 lakh for starting businesses** and eligibility for a **₹5 crore loan with a 2% subsidy** for sports academies.
    • Five new Sports Excellence Centres in state universities.
    • **₹20 crore** allocated for "Mission Olympics 2036 Vijayi Bhava" to secure 36 medals.
  • Infrastructure Development:
    • Investments in multi-level parking facilities in several cities.
    • New metro line in Gurugram.
    • Flight services from Hisar airport to various destinations (Ayodhya, Jaipur, Chandigarh, Ahmedabad, Jammu).
  • Agriculture and Rural Economy:
    • Interest-free loan up to **₹1 lakh for women dairy farmers**.
    • New horticulture policy.
    • Air cargo facility for horticultural produce at Hisar airport.
    • Under "Mera Pani, Meri Virasat Yojana," subsidy for giving up paddy cultivation increased from ₹7,000 to **₹8,000 per acre**.
    • Subsidy for direct sowing of paddy raised from ₹4,000 to **₹4,500 per acre**.
    • Paddy straw management subsidies increased from ₹1,000 to **₹1,200 per acre**.
    • **One lakh acres** of land to be covered by natural farming in 2025-26.
    • New Centres of Excellence for litchi (Ambala), strawberry (Yamunanagar), and date palm (Hisar).
    • Cow sanctuaries to be set up in every district.
    • **₹5 crore** set aside for constructing 51 new cow shelter sheds.
  • Education Initiatives:
    • "Kalpana Chawla Scholarship Scheme" for female students pursuing graduation or post-graduation in science and engineering, offering an annual scholarship of **₹1 lakh**.
    • Establishment of Model Sanskriti Colleges in each district.
    • Introduction of French language in state-run schools from Class III.
    • **₹8,258 crore** allocated towards Government primary schools.
  • Empowering Startups: **₹2,000 crore 'Fund of Funds'** to encourage private investors to support startups.
  • Healthcare:
    • Upgradation of district hospitals with state-of-the-art equipment (CT-scan, MRI, ultrasound, blood analyser, digital x-ray machines).
    • A **50-bed critical care block** to be established in each district hospital and medical college.
    • Plans to set up a medical college in every district.
  • Mission Haryana-2047: A visionary initiative aiming to elevate Haryana's GSDP to **USD 1 trillion**.

III. Economic Trends (Relevant for context)

  • Haryana's GSDP grew from ₹4,37,145 crore in 2014-15 to a projected ₹12,13,951 crore in 2024-25, with an average annual growth rate of **10.8%**.
  • Per capita income surged from ₹1,47,382 in 2014-15 to an estimated ₹3,53,182 in 2024-25, with an average annual growth rate of **9.1%**.

These key points provide a comprehensive overview of the Haryana Budget 2025-26, essential for anyone preparing for competitive examinations that test general knowledge and current affairs.

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