Finance Minister announces 5 university townships near major industrial logistic hubs in Union Budget

The Government will set up five university townships in the vicinity of major industrial logistics centres, Union Finance Minister Nirmala Sitharaman announced on Sunday (February 1, 2026).

Presenting the Union Budget for 2026-27 in the Lok Sabha, Ms. Sitharaman also announced the setting up of one girls’ hostel in every district of the country.

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Ms. Sitharaman was presenting her ninth Budget in the Parliament on Sunday (February 1, 2026). This is the first time in the history of India that the Union Budget is being presented on a Sunday.

There are over 700 districts in the country.

The Finance Minister said the budget proposes to support the Indian Institute of Creative Technologies, Mumbai, for setting up content labs in 15,000 secondary schools.