Union Budget 2026 LIVE: Credit Growth, Inclusion & Banking for Viksit Bharat [Read Finance Bill 2026]

The Union Budget 2026 focuses on creating a strong and inclusive financial system, which is one of the key pillars of the Viksit Bharat Sankalp. At the heart of this is credit growth, which is essential for maintaining the pace of economic growth. Scheduled Commercial Banks (SCBs) are expected to increase their credit to MSMEs, farmers, and new sectors, thereby ensuring that credit flows to both large businesses and the unorganized sector.

Financial inclusion continues to be a priority area. Schemes such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Stand-Up India, and Pradhan Mantri Mudra Yojana (PMMY) have been successful in bringing millions of people into the formal banking system, allowing them to access savings accounts, micro loans, and digital payments. The Budget makes special mention of lending initiatives for women entrepreneurs, rural start-ups, and small businesses, thereby filling the gaps in financial inclusion.

The banking sector is set for significant reforms. A high-level committee will review operational efficiency, governance structures, and risk management practices across banks and NBFCs. With the rise of digital banking platforms and fintech innovations, the government aims to make financial services more transparent, accessible, and secure for all citizens.

It is to be noted that the Union Budget 2026 balances short-term economic support with long-term financial resilience, creating an environment where credit, inclusion, and banking reforms work in tandem to drive growth. By focusing on strengthening credit flows, expanding digital access, and enhancing regulatory efficiency, the Budget lays a strong foundation for a resilient, inclusive, and developed India by 2047.

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