At first glance, the Union Budget 2026–27 may appear modest for banking and cooperatives. There are no populist sops, but the real strength lies in its long-term vision. For economists and bankers, the fine print reveals strategic reforms and support. The Ministry of Cooperation emerges as a major beneficiary through funding and tax incentives. Urban and rural cooperatives gain tools for stability, growth, and modernization. This Budget quietly lays the foundation for a stronger, inclusive Viksit Bharat.
The Budget proposals announced by the Finance Minister of India is a landmark one. Especially if you are an economist or a Banker you will understand the impact if you peruse the provisions and the proposals. There are no freebies or anything to cheer for the Aam Aadmi but lots of things to make our economy robust to handle the global uncertainties and the geopolitical challenges. Apparently, it sounds that there is nothing much for banking or urban cooperative banks. But if you do fine print reading, you will realise what to look for in future. Here is my take on this budget and let me assure you that the Ministry of Cooperations is one of the biggest gainers in terms of funds and facilities. Here is how I look at it...(To continue, open the magazine)