Union Budget 2026-27 Unveils Viksit Bharat Vision with Six Key Interventions
The Union Budget 2026-27 emphasizes Viksit Bharat and Yuva Shakti-driven growth through six intervention areas including strategic manufacturing in seven frontier sectors like biopharma, semiconductors, rare earths, electronics, textiles, chemicals, and capital goods to cut import dependence. Biopharma SHAKTI scheme allocates ₹10,000 crore to make India a global hub for biologics and biosimilars by establishing three new NIPERs and upgrading seven existing ones. A dedicated freight corridor from Dankuni in West Bengal to Surat in Gujarat is proposed alongside operationalizing 20 new National Waterways, prioritizing NW-5 in Odisha for greener cargo transport. Bharat-VISTAAR, a multilingual AI tool, integrates with AgriStack for real-time farmer advisories while fisheries get ₹2,761 crore under PMMSY for modernizing landing centres and cold chains. Support for high-value crops like sandalwood, agar trees, walnuts, and almonds aims at diversification with global branding targets for cashew and cocoa by 2030. Women-led initiatives include SHE-Marts for SHGs and transitioning Lakhpati Didis to enterprise ownership. Purvodaya focuses on development in Bihar, Jharkhand, West Bengal, Odisha, and Andhra Pradesh.
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Which scheme in Budget 2026-27 aims to position India as a global hub for biologics and biosimilars with ₹10,000 crore allocation?
Answer: (b) Biopharma SHAKTI
The correct answer is (b) Biopharma SHAKTI.