Jharkhand Tier-II Cities to Boom: Union Budget 2026-27 Unveils Rs 5,000 Crore City Economic Regions Initiative

The Union Budget 2026-27 introduces City Economic Regions (CERs), allocating Rs 5,000 crore per cluster over five years to boost development in tier-II and tier-III cities. This initiative aims to strengthen infrastructure, attract investment, and create jobs in smaller urban centers, including those in Jharkhand, while also reinforcing support for the urban informal economy through schemes like PM SVANidhi.