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Union Budget 2026: FM Proposes Launch of ‘Khelo India Mission’

Presenting the Union Budget 2026, Finance Minister Nirmala Sitharaman announced plans to launch the Khelo India Mission to transform India’s sports sector over the next decade. She said the sports industry offers wide opportunities for employment, skill development and jobs, and the new mission will further strengthen the structured development of sporting talent initiated under the Khelo India programme.

Budget 2026: FM Sitharaman on Banking Reforms

The Finance Minister also proposed setting up a high-level committee on banking for Viksit Bharat. The committee will carry out a comprehensive review of the banking sector and align it with India’s next phase of economic growth, while ensuring financial stability, inclusion and consumer protection.

She further outlined a clear vision for NBFCs under the Viksit Bharat framework, with defined targets for credit expansion and technology adoption. As an initial step towards achieving scale and greater efficiency in public sector NBFCs, the government plans to restructure the Power Finance Corporation and the Rural Electrification Corporation.