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Nagaland CM Neiphiu Rio Presents Rs 24,849 Crore Budget for FY26.

Budget | Dated: 10 Mar 2025

In March 2025, Nagaland Chief Minister (CM) Neiphiu Rio, who also holds the finance portfolio, presented a Rs 24,849 crore state budget for the Financial Year 2025-26 (FY26) in the Nagaland Legislative Assembly in Kohima, Nagaland.

🎯 Key Highlights:

  • - The budget estimates the total receipts for FY26 at Rs 24,849.01 crore and total expenditure at Rs 24,699.01 crore.
  • - CM Rio highlighted that the total development outlay, including Centrally Sponsored Scheme (CSS), stands at Rs 5,819.24 crore for FY26, with Rs 1,200 crore contributed from the state's own resources.
  • - This marks an increase of Rs 190 crore compared to the previous year, registering a growth of 18.81%.

💡 Other Important Facts:

  • (i) An allocation of Rs 5 crore has been made for the Nagaland Skill Mission, which aims to train 5,000 youth in 2025-26 in self-employment and private-sector employment, with entrepreneurship linked to the Chief Minister’s Micro Finance Initiative (CMMFI).
  • (ii) The budget allocates Rs 15 crore for next year's premium of the Chief Minister's Life Insurance Scheme (CMLIS), which was launched on October 1, 2024, with nearly 4 lakh enrollments.

📚 Test Your Knowledge:

Who recently presented the Rs 24,849 crore budget for Nagaland for FY26?

Correct Answer: Neiphiu Rio

🚀 Quick Recap:

About Nagaland

  • CM : Neiphiu Rio
  • Governor: La Ganesan