Rajasthan Budget: Interest-free loans up to Rs 10 lakh for youth

Rajasthan Deputy CM Divya Kumari presented the 2026-27 budget, announcing schemes like interest-free loans up to Rs 10 lakh for 30,000 youth. A new testing agency, language training, and new techno hubs were also unveiled for the youth.

Rajasthan Deputy Chief Minister and Finance Minister Divya Kumari on Wednesday presented the Budget for the financial year 2026-27 during the seventh sitting of the ongoing Budget Session. During her speech, she announced that under the Chief Minister Self-Employment Scheme, interest-free loans of up to Rs 10 lakh, along with subsidies, will be provided, benefiting 30,000 youth. She also stated that a Rajasthan Testing Agency will be established in line with the National Testing Agency to conduct examinations, including online tests. Additionally, a Dream Program will be launched for college students, with enrollment expected to reach 50,000 next year.

"Under the CM Self-Employment Scheme, interest-free loans up to Rs 10 lakh, along with subsidies, will be provided. This will benefit 30,000 youth. A Rajasthan Testing Agency will be established in line with the National Testing Agency. It will conduct exams, including online tests. A Dream Program will be launched for college students, benefiting 50,000 students next year," Diya Kumari said.

Youth Empowerment and Skill Development

The Rajasthan Finance Minister further said that 1,000 youth will receive training in English, Japanese, and Korean. To promote self-reliance among young people, centres will be opened in every district in collaboration with industry partners. She added that new Techno Hubs will be developed at a cost of Rs 30 crore. Meritorious students of Classes 10 and 12 will receive financial assistance of up to Rs 20,000 through e-vouchers to purchase laptops.

"1,000 youth will be given training in English, Japanese, and Korean languages. To make youth self-reliant, centres will be opened in each district in collaboration with industry partners. New Techno Hubs will be built at a cost of Rs 30 crore. Meritorious students of Class 10 and 12 will receive assistance up to Rs 20,000 through e-vouchers for laptops," Kumari said.

Infrastructure and Water Supply Projects

In terms of infrastructure development, Kumari announced plans to develop 42,000 km of roads and construct 250 Atal Pragati Paths at a cost of Rs 500 crore. She also said that work orders worth Rs 24,000 crore have been issued for drinking water projects. Within one year, 3 lakh new tap connections will be provided, and 6,500 villages will be connected with tap water under the "Har Ghar Nal" scheme.

"Development of 42,000 km of roads. 250 Atal Pragati Paths to be constructed at a cost of Rs 500 crore. Work orders worth Rs 24,000 crore issued for drinking water projects. 3 lakh new tap connections to be issued within one year. 6,500 villages to be connected with tap water under 'Har Ghar Nal' scheme," said Diya Kumari.

Boost for Industrial Development

Highlighting industrial development initiatives, she announced that new industrial parks will be built at a cost of Rs 350 crore. Around 3,600 hectares of land will be developed in the Jodhpur-Pali-Marwar industrial region, with Rs 600 crore to be spent over the next two years. Inland container depots will be constructed to support new logistics hubs. The Rajasthan Foundation will open 14 new chapters, including in South Africa and Canada. Additionally, electric pottery wheels will be provided to clay artisans at a cost of Rs 15 crore.

"New industrial parks to be built at a cost of Rs 350 crore. 3,600 hectares of land to be developed in the Jodhpur-Pali-Marwar industrial region. Rs 600 crore to be spent over the next two years. Inland container depots to be built for new logistics hubs. Rajasthan Foundation to open 14 new chapters, including in South Africa and Canada. Electric pottery wheels to be provided to clay artisans at a cost of Rs 15 crore," said Diya Kumari.

The Rajasthan Assembly's budget session commenced on January 28 with the Governor's address, and Wednesday marks the sixth sitting of the ongoing session. (ANI)

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