The budget for the financial year 2025-26 aims to support Uttar Pradesh in achieving its goal of becoming a 1-trillion-dollar economy while also promoting non-conventional energy sources. As part of this initiative, a 500 MW solar power project will be established in Jalaun, and a 200 MW solar energy project will be set up in Garautha, Jhansi.
The Minister for Urban Development and Energy of Uttar Pradesh, Shri A.K. Sharma, emphasized that the budget will serve as a milestone for the overall development of the state. He highlighted its significance in strengthening the state’s economic position and contributing to national growth. Presented in the Legislative Assembly by the Hon’ble Finance Minister, the budget has been designed as a comprehensive and inclusive financial plan aimed at benefiting the poor, farmers, youth, and women. It reflects the vision of the Hon’ble Prime Minister and Hon’ble Chief Minister by prioritizing underprivileged communities and reinforcing India’s cultural and economic foundation.
A total budget of ₹8,08,736.06 crore has been proposed for the upcoming financial year. In the energy sector, ₹50 crore has been allocated to promote non-conventional energy sources, including the establishment of a pumped storage hydroelectric project. Furthermore, ₹150 crore has been earmarked for the development of a 500 MW solar energy project in Jalaun through a joint venture between Coal India Limited and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited. Similarly, ₹80 crore has been designated for a 200 MW solar energy project in Garautha, Jhansi, which will be developed as a joint venture between NTPC Green Energy Limited and Uttar Pradesh Rajya Vidyut Utpadan Nigam Limited. These projects are expected to enhance the state’s renewable energy capacity and ensure an uninterrupted electricity supply for consumers.
Significant allocations have also been made for urban development. Under the Pradhan Mantri Awas Yojana (Urban), ₹4,882 crore has been set aside to provide housing for the urban poor. The AMRUT 2.0 scheme has received an allocation of ₹4,100 crore. Additionally, ₹800 crore has been earmarked for the Mukhyamantri Green Road Infrastructure Development Scheme (Urban). To tackle urban flooding and waterlogging issues, ₹1,000 crore has been allocated under the Urban Flood and Storm Water Drainage Scheme. The Mukhyamantri Nagariya Alp Vikas Malin Basti Vikas Yojana will receive ₹400 crore, while ₹50 crore has been assigned for a new urban services and infrastructure development scheme. Further, ₹400 crore has been allocated to the State Smart City Scheme, and ₹450 crore has been designated for the Kanha Gaushala and Destitute Animal Shelter Scheme.
Expressing gratitude to the Hon’ble Chief Minister, the Hon’ble Finance Minister, and the entire Cabinet, Shri A.K. Sharma acknowledged that this is the largest and most historic budget in the history of Uttar Pradesh. The proposed financial plan aims to accelerate the state’s economic growth, improve infrastructure, and uplift underprivileged sections of society.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
