NEW DELHI: To strengthen the higher education ecosystem and promote women-led entrepreneurship, Union Finance Minister Nirmala Sitharaman on Sunday announced a series of proposals, including the construction of a girls’ hostel in every district of the country and the setting up of community-owned ‘She MARTS’.
While presenting the Union Budget 2026, Sitharaman said the government proposes several measures to establish new institutes, university townships, girls’ hostels, and telescope infrastructure as part of increased investment in the higher education sector.
“I propose multiple steps towards setting up new institutes, university townships, girls’ hostel and telescope infrastructure facilities in the investment in the higher education sector. A girls’ hostel will be built in every district of the country,” the Finance Minister said.
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— Nirmala Sitharaman Office (@nsitharamanoffc) February 1, 2026
Highlighting the challenges faced by women students in science and technology disciplines, Sitharaman said that girls face difficulties due to prolonged hours of study and laboratory work.
“In higher education, STEM institutions, prolonged hours of study and laboratory work pose some challenges for girl students. Through our scheme, one girls’ hostel will be established in every district to promote astrophysics and astronomy via immersive experiences,” she said.
The Finance Minister said the proposed hostels would help ensure safe and accessible accommodation for women pursuing higher studies, thereby improving enrolment and retention in advanced scientific disciplines. FM Sitharaman also announced the setting up of ‘She MARTS’-self-help entrepreneur marts that will function as community-owned retail outlets.
“Building on the success of the Lakpati Didi programme, the government plans to help women move from credit-linked livelihoods to becoming enterprise owners. Self-help entrepreneur marts will be established as community-owned retail outlets within cluster-level federations, supported through enhanced and innovative financing, enabling women to take the next step in entrepreneurship,” FM said.
The She MARTS initiative aims to provide women entrepreneurs with better market access, branding opportunities, and sustainable income avenues, while strengthening grassroots institutions such as self-help groups.
Rs 100 crore incentive for single bond issuance of more than Rs 1,000 crore
During the presentation of the Union Budget 26-27, the Finance Minister Nirmala Sitharaman proposed to introduce a market-making framework with suitable access to funds and derivatives on corporate bond indices. She also proposed introducing total-return swaps for corporate bonds.
“To encourage the issuance of municipal bonds of higher value by larger cities, I propose an incentive of Rs 100 crore for a single bond issuance of more than Rs 1000 crore”, the minister said. “The current scheme under Atal Mission for Rejuvenation and Urban Transformation (AMRUT), which incentivises issuances up to Rs 200 crore, will also continue to support smaller and medium towns”, Sitharaman noted.
Earlier, the Finance Minister of India, Nirmala Sitharaman, proposed introducing a dedicated Rs 10,000 crore SME growth fund to create future jobs and incentivise enterprises based on select criteria. She stated that the government recognises MSMEs as a vital engine of growth, and proposes a three-pronged approach to help them grow as champions.
For equity support, “I propose to introduce a dedicated Rs 10,000 crores SME growth fund to create future champions, incentivising enterprises based on select criteria. I also propose to top up the self-reliant India fund set up in 2021 with Rs 2,000 crore to continue support to micro-enterprises and maintain their access to risk capital,” she said.
More than Rs 7 lakh crore has been made available to MSMEs through liquidity support. “To leverage its full potential, I propose four measures. One: mandate TREDS as the transaction settlement platform for all purchases from MSMEs by CPSEs. Survey as a benchmark for other corporates. Two: introduce a credit guarantee support mechanism through CGT-MSC for invoice discounting on the TREDS platform. Three: link GEN with TREDS for sharing information with financiers about government purchases from SMEs, encouraging cheaper and quicker financing. Four: Introduce TREDS receivables as asset-backed securities, helping develop a secondary market, enhancing liquidity and settlement of transactions,” the minister said.
Sitharaman listed six major areas of the Budget, outlining a broader economic roadmap, with intervention to drive long-term growth and stability. These include scaling up manufacturing in several strategic and frontier sectors, rejuvenating legacy industrial sectors, creating champion micro, small and medium enterprises (MSMEs), delivering a powerful push for infrastructure, ensuring long-term security and stability, and developing city economic regions.
The Finance Minister laid two statements before the House under Section 3(1) of the Fiscal Responsibility and Budget Management (FRBM) Act, 2003. These included the Medium-term Fiscal Policy-cum-Fiscal Policy Strategy Statement and the Macro-Economic Framework Statement.
Earlier on Thursday, FM Sitharaman tabled the Economic Survey of India in Parliament for the 2025-26 financial year. The Budget session will span 30 sittings over 65 days, concluding on April 2. The two Houses will adjourn for a recess on February 13 and reconvene on March 9 to enable the Standing Committees to examine the Demands for Grants of various ministries and departments. (ANI)
