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Informist, Sunday, Feb. 1, 2026

--BUDGET: To develop city economic regions 

--BUDGET: To map city econ regions based on specific growth drivers 

--BUDGET: To give INR 50 bln for city econ regions scheme 

NEW DELHI – In a bid to expand its focus to Tier II and Tier III cities and temple towns, the government has allocated INR 50 billion per 'city economic region' over five years. "This Budget aims to further amplify the potential of cities to deliver the economic power of agglomerations by mapping city economic regions, based on their specific growth drivers," Finance Minister Nirmala Sitharaman said, presenting the Union Budget for 2026-27 (Apr-Mar), in the Lok Sabha Sunday.

The Centre aims to implement the development plans for these cities through a challenge mode with a reform-cum-results based financing mechanism, Sitharaman said.

The Centre aims to implement the development plans for these cities through a challenge mode with a reform-cum-results based financing mechanism, as per Sitharaman.

"We shall continue to focus on developing infrastructure in cities with over 5 lakh population (Tier II and Tier III), which have expanded to become growth centres," Sitharaman said earlier in her speech.  End

Reported by Shakshi Jain

Edited by Saji George Titus

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