Telangana benefits in Union Budget
Telangana benefits in Union Budget
The Union government will take a decision on releasing funds for Phase II of the Hyderabad Metro Rail project only after the Telangana government concludes its discussions with L&T on the proposed Phase I merger through the designated committee and arrives at a final decision, Union Coal and Mines Minister G. Kishan Reddy said on Sunday.
Speaking to reporters in New Delhi, Union Coal and Mines Minister G. Kishan Reddy said the Telangana government must first clarify its position on Hyderabad Metro Rail Phase I, complete all formalities related to its proposed takeover, and submit a comprehensive Detailed Project Report (DPR) before any financial assistance can be considered.
Mr. Kishan Reddy further stated that the Union Housing and Urban Development Ministry has earmarked ₹28,740 crore for MRTS and Metro Rail projects, assuring that sufficient funds are available to meet the Centre’s share for Hyderabad Metro Phase II once the required conditions are fulfilled.
Benefits to Telangana
Highlighting the benefits extended to Telangana in the Union Budget, the Secunderabad MP said the State’s share in Central taxes has been increased by 13.5%, rising to ₹33,180 crore for 2026–27 from ₹29,280 crore in the previous year.
He described the proposed high-speed rail corridors from Hyderabad to Pune, Bengaluru, and Chennai as a “matter of pride” for Telangana. Additionally, he noted that fertiliser subsidies have been enhanced by nearly ₹7,000 crore.
Mr. Kishan Reddy also pointed out that the TEX-ECO programme would support the development of the Kakatiya Mega Textile Park in Warangal, while a girls’ hostel would be established in every district to benefit students pursuing STEM (Science, Technology, Engineering, and Medicine) courses.
Union Coal and Mines Minister G. Kishan Reddy welcomed the Centre’s proposal on municipal bonds, under which cities issuing bonds worth over ₹1,000 crore will receive an incentive of ₹100 crore. He added that nearly 32 towns in Telangana will continue to benefit from the existing ₹200-crore incentive under the AMRUT scheme.
Mr. Kishan Reddy also said that around 38 lakh micro, small and medium enterprises (MSMEs) in Telangana are expected to benefit from the ₹10,000-crore growth fund announced in the Union Budget. Describing it as a Budget designed for future generations, he said it was focused on long-term development rather than electoral considerations.
Earlier, Telangana BJP president N. Ramchander Rao termed the announcement of high-speed rail corridors from Hyderabad a moment of pride, noting that it further reinforces the State’s position as a national growth engine.
Speaking at the BJP State office after watching the Budget presentation, Mr. Rao described it as a “transformative Budget” that lays the groundwork for a golden era—taking the nation from economic strength to national capability and from uplifting the poorest to achieving inclusive growth.
He said the Budget provides a strong foundation for employment generation, improved agricultural productivity, enhanced purchasing power, and the expansion of quality education and healthcare services. Mr. Rao expressed gratitude to Prime Minister Narendra Modi and Union Finance Minister Nirmala Sitharaman for presenting a people-centric Budget that addresses the needs of all sections of society.