Guwahati, Mar 10: The Assam govt today unveiled its 2025-26 Budget with a total outlay of Rs. 2,63,673 crore focussing on economic growth, infrastructure, industrial development, welfare initiatives, and cultural preservation.
The budget highlights Assam’s remarkable economic progress, with the Gross State Domestic Product (GSDP) growing at 19% in FY 2023-24, outpacing the national average. The state’s per capita income has also seen a steady rise. The government has maintained fiscal prudence, ensuring that the debt-to-GSDP ratio remains within the prescribed 32% limit. The total budget utilization is projected at Rs. 1,41,529 crore, with capital expenditure set at Rs. 24,964 crore.
“The increase of budgetary expenditure by 250 percent in less than 10 years is perhaps one of its kind in our
nation’s fiscal history,” Assam Finance Minister Ajanta Neog said in her 114 page budget sppech.
She said in the 2023-24 financial year, Assam recorded a growth of 19 percent in Gross State Domestic Product (GSDP), and 17 percent in Per Capita Income, making it one of the fastest-growing states in the country.
The minister said the budget proactively addresses fundamental concerns—most notably, a specific action plan for the implementation of Clause 6 of the Assam Accord, reaffirming our commitment to preserving Assam’s rich cultural legacy.
Ahe said it also reinforces and expands an inclusive economic agenda, ensuring empowerment across all sections of society. Women – both school going and entrepreneurs – remain central to our vision. Youth will benefit from enhanced education, skill development, and employment opportunities, while farmers will receive greater support through remunerative pricing for paddy, maize, and mustard.
” It is a people-centric welfare budget, designed to provide security and safeguards for every citizen, while upholding strong fiscal responsibility to secure resources for future generations. We are deepening reforms, fortifying progress, and accelerating Assam’s journey toward becoming one of India’s top five states. A Viksit Assam is no longer just a vision—it is a reality in the making, ensuring Assam emerges as a proud contributor to Viksit Bharat.
New industrial parks are planned in Dibrugarh, Golaghat, Silchar, Jagiroad, Palashbari, Tezpur, and Nalbari. Key infrastructure projects include the One District One Road initiative to develop 25 km of roads per district, a new flyover for Silchar, a new Assembly building in Dibrugarh, and medical colleges in Darrang and veterinary/agriculture colleges in Karbi Anglong.
The government has expanded Orunodoi 3.0 to 37.2 lakh beneficiaries with Rs. 5,000 crore allocated for financial support to women. The Mukhya Mantri Mahila Udyamita Abhiyaan will provide Rs. 10,000 seed capital to SHG members. Employment generation has seen 1,19,899 jobs provided so far, with an additional 40,697 posts advertised. The Chief Minister’s Jibon Prerana initiative will offer a monthly stipend of Rs. 2,500 for fresh graduates. NFSA beneficiaries will receive a subsidized supply of Masur Dal, sugar, and salt.
The tea sector will see a one-time financial assistance of Rs. 5,000 for 6.8 lakh tea garden workers. Assam’s cultural heritage will be strengthened with plans to establish Sahityarathi Lakshminath Bezbaruah Bhawans and a Rs. 100 crore grant to Srimanta Sankardev Kalakshetra. The Year of Books Initiative will provide Rs. 25,000 grants for 1,000 young writers.
The Bon Mitra Abhijan will address human-elephant conflict through habitat enrichment. Kaziranga Safari Vehicle Upgradation will introduce electric vehicles for wildlife tourism. The state also aims to transform Karbi Anglong into a clean energy hub.
MAJOR ANNOUNCEMENTS
1. ASSAMSAT, Assam’s own satellite, in collaboration with ISRO, to enhance disaster management, agriculture, and border security.
2. Setting a Proton Therapy Centre at the State Cancer Institute in Guwahati, becoming the first such facility in Eastern India.
3. Incentives for medical college faculty, including Dynamic Assured Career Progression and financial assistance for conferences and vehicle purchases.
4. The Assam Higher and Technical Education Funding Scheme will support higher education institutions with state-backed loans. Dibrugarh Polytechnic will be upgraded to a full-fledged engineering college. Karbi Anglong, West Karbi Anglong, and Dima Hasao will be developed as clean energy and eco-tourism hubs.
5. A Bhutan-Bodoland-Bay of Bengal (B3) Corridor will enhance connectivity, and Jogighopa will see the development of a Special Economic Zone (SEZ).
6. The government will create two new administrative departments: Startups, Incubation, and Innovation Department and Barak Valley Development Department.
7. The government will also reduce land registration fees for cooperative societies and allow land conversion for micro and small industries.
8 . A dedicated fund, the Assam Industrial Momentum (AIM) Fund, will be created with Rs. 2,000 crore to support industrial investments.
9. A High-Powered Industrial Promotion Board will be constituted to streamline approvals. The government is also working on establishing Unity Mall to promote Assam’s unique products, including GI-tagged items.
10. Assam will also launch its own government OTT platform to preserve Assamese cinema, literature, folk music, and documentaries.
11. Developing India’s first Bamboo Smart City, showcasing sustainable and eco-friendly urban planning.
12. Digital Assam Tea-Exchange: India’s First AI & Blockchain-Powered Tea Auction. Assam will work with Tea industry stakeholders to introduce India’s first AI-driven, blockchain-based Tea Auction System to enhance
transparency and efficiency.
Read: Meghalaya seeks Centre nod to classify traditional mining as non-mining activity
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