The Union Budget 2026 places special emphasis on industry to realize the dream of a self-reliant India. Union Finance Minister Nirmala Sitharaman announced an allocation of ₹1.22 trillion for the infrastructure sector. In this context, the "Mahatma Gandhi Gram Swaraj Initiative" and the "National Fiber Scheme" have been launched to strengthen the rural economy and traditional industries

What is National Fiber Scheme?

During his budget speech, the Finance Minister announced that a National Fiber Scheme will be launched in the country, focusing on natural products such as silk, wool, and jute. It also includes man-made fibers and new-age fibers. This initiative is expected to revolutionize India's textile industry. Its aim is to strengthen India's position in the global market by integrating modern technology and traditional fibers.

New identity to handicrafts and handlooms

This budget has given a boost to small-scale industries and handicrafts across India. "Samarth 2.0" will collaborate with educational institutions and large industries to promote national handlooms and handicrafts. The government plans to create mega textile hubs across the country, significantly increasing production capacity.

One District, One Product and Skill Development

The concept of "One District, One Product" will be further expanded under the Mahatma Gandhi Gram Swaraj Yojana. Not only will each district's unique industrial products be showcased, but artisans will also be provided training, skill development, and support at every stage of production. The primary objective of this initiative is to empower our rural artisans and provide a global platform for their products.

Rural economy will be strengthened

The rural economy will be the biggest beneficiary of this entire initiative. Artists will be able to increase their income by accessing skill development and global marketing facilities. The Mahatma Gandhi Gram Swaraj Yojana will not only empower artists economically but also instill a sense of pride in indigenous products. Detailed application procedures and eligibility information will be made available on the official portal soon.