Page 28 - NIS English 16-28 Feb, 2026

COVER STORY BUDGET
UNION

2026-27

Aatmanirbhar Bharat

Strong Emphasis on
the Textile Industry

The Union Budget has laid strong emphasis
on the textile sector, linking it to job creation,
export growth, and the goal of a self-reliant
India. The government’s focus is clearly
visible on empowering the entire value chain,
from traditional handlooms to modern man-
made fibres and technology-based textile
manufacturing…

The Ministry of
Textiles’ Budget ₹5729.01
allocation for FY
2026-27 is crore

The government has proposed an integrated programme for
the textile sector to promote competitiveness, self-reliance, and
employment, which includes five sub-components... This budget, an ambitious roadmap, has

n National Fibre Scheme: Launched with the been presented for Make in India and the
objective of achieving self-reliance in the fibre Atmanirbhar Bharat Abhiyan to gain new
sector, this scheme will provide support to natural momentum. The strength with which
fibres such as silk, wool, and jute, as well as man- support has been given to the newly
made fibre and modern-age fibre. emerging industries, i.e., sunrise sectors,

n Textile Expansion and Employment Scheme: This in this budget is unprecedented.
component aims to modernise traditional textile
clusters through capital assistance for machinery, Narendra Modi, Prime Minister
technology upgradation, and the establishment of
common testing and certification centres.
Ease of Doing Business
n National Handloom and Handicraft Programme:
Existing schemes for handloom and handicrafts Personal Resident Outside India (PROI)
will be integrated and strengthened under a investors will be allowed to invest in shares
of listed Indian companies. The overall
unified national programme. This will ensure investment limit will be increased from 10%
targeted and effective support to weavers and to 24%, and the limit for a single investor will
artisans. be increased from 5% to 10%.

n Tex-Eco Initiative: The initiative aims to promote
globally competitive, environmentally sustainable
textiles and apparel manufacturing.

26 NEW INDIA SAMACHAR || February 16-28, 2026