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Current Affairs 2026: Monthly Digest Odisha Budget 2026-27
Odisha Budget 2026-27
Note
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About this Module: Presented by Chief Minister Mohan Charan Majhi (who is also the State's Finance Minister) on February 20, 2026, the Odisha Budget for 2026-27 is a ₹3.10 lakh crore plan to make Odisha a developed state — "Viksit Odisha". It is a 7% increase from last year. Odisha is now among the top states in India for investing money in important projects.
1. Macro-Fiscal Framework
- Total Outlay: ₹3,10,000 crore.
- Capital Outlay: ₹72,100 crore — a record 23.3% of the budget and 6.5% of GSDP.
- GSDP Growth: Expected to grow by 12% and reach ₹11.07 lakh crore.
- Fiscal Deficit: Target is 3.5% of GSDP.
- Revenue Surplus: Estimated at 3% of GSDP, which is around ₹33,000 crore.
2. Sectoral Allocation
| Sector | Allocation (₹ Crore) | Focus Area |
|---|---|---|
| Rural Development | 44,309 | Mission PoWaR (Power, Water, Roads) |
| Education | 42,565 | 4 Universities & "Gaming Labs" |
| Agriculture & Allied | 42,492 | Paddy procurement & revolving fund |
| Social Security | 25,208 | Madhubabu Pension Yojana saturation |
| Public Healthcare | 23,182 | AYUSH colleges & PG seat expansion |
| Irrigation | 17,855 | Water use & Flood control |
3. New Flagship Schemes
- Mukhyamantri Kanya Sumangala Yojana: A scheme for girl children. Families who are economically weaker will get a ₹20,000 savings instrument at birth. When the girl graduates, it will mature to ₹1,01,001.
- Mission PoWaR: This scheme is for Power, Drinking Water and Roads. It aims to provide 100% piped water and all-weather connectivity to every revenue village by 2027.
- DALKHAI Initiative: This initiative aims to eliminate bonded labor and distress migration. It will provide livelihood and infrastructure support.
- VBG-RAM-G Yojana: "Viksit Bharat Employment Guarantee and Livelihood Mission (Gramin)" with an outlay of ₹5,575 crore.
- Odisha AI Mission: A ₹23 crore initiative to integrate Artificial Intelligence into governance and productivity.
4. Infrastructure & Connectivity
Expressway Trio
- Atal Expressway: 969 km corridor connecting Motu (Malkangiri) to Tiringi (Mayurbhanj).
- Namo Expressway: Connecting Paralakhemundi to Ambahona.
- Berhampur-Jeypore Road: A 287 km stretch with a ₹9,000 crore investment.
Other Connectivity Projects
- Tourism Land Bank: Allocated ₹150 crore to facilitate the creation of 25,000 hotel rooms by 2047.
- Rare Earth Corridor: A strategic ₹10 crore allocation for mineral investment.
5. Social Welfare
- Samruddha Krushak Yojana: ₹6,088 crore for paddy procurement at ₹3,100 per quintal. A ₹5,000 crore revolving fund was created to ensure farmers are paid immediately.
- Pension Saturation: Immediate coverage for 6 lakh previously excluded beneficiaries under the Madhubabu Pension Yojana.
- Subhadra Yojana: ₹10,145 crore dedicated to the flagship women's cash transfer scheme.
- Samrudha Anganwadi Yojana: ₹635 crore to upgrade Anganwadi centers.
Quick Facts for OSSSC
| Fact | Detail |
|---|---|
| Total Budget | ₹3.10 lakh crore |
| Capital Outlay | ₹72,100 crore (23.3% of budget) |
| GSDP Growth Target | 12% |
| Paddy MSP | ₹3,100 per quintal |
| Kanya Sumangala Maturity | ₹1,01,001 on graduation |
| Subhadra Yojana | ₹10,145 crore for women |
Tip
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Key Highlights for Exams:
- Odisha is the first state to implement a "Nutrition Budget."
- Profession Tax is proposed to be abolished starting April 1, 2026.
- The budget includes a Jagannath Interpretation Centre (₹1,000 crore) and a World Tourism Centre in Puri.
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