Budget 2026 : Credit card, increased loans, and insurance; Major announcements for women likely in the budget

The central government is likely to present the general budget for the financial year 2026-27 next month on February 1 or 2. There is a strong possibility that this budget will focus on special economic schemes for women, and important announcements may be made regarding credit cards, increased loan facilities, and insurance cover, according to the information available. According to a report by Economic Times, the government's main objective is to empower women economically and ensure universal access to financial services. Specifically, the government is focusing on expanding loan and insurance facilities through women's accounts under the Pradhan Mantri Jan Dhan Yojana (PMJDY).

This budget may announce a specific credit card scheme for women, loans at lower interest rates, and enhanced insurance protection. Sources say the government intends to expand the rural credit score and financial assistance schemes for women becoming entrepreneurs for the first time, which were launched last year. This is likely to provide significant relief to women entrepreneurs, self-help groups (SHGs), and small businesses in rural areas.

Meanwhile, the government will also focus on reactivating dormant Jan Dhan accounts. NITI Aayog is currently evaluating the PMJDY scheme and is considering offering more attractive insurance and loan facilities to reactivate closed or inactive accounts. Efforts will be made to provide greater financial benefits to women to increase transactions in the accounts.

Officials have clarified that the government's target is to connect 100% of the population with banking and financial services. Along with loan availability, emphasis will be placed on financial literacy, which is believed to strengthen the country's digital economy. This step is also said to be consistent with the long-term goal of creating a 'Developed India' by 2047.

Additionally, the budget may focus on customer-friendly measures. The government is likely to make efforts to enhance trust in the insurance sector through the discovery of unclaimed funds, quick resolution of complaints related to insurance claims, and strong regulatory oversight. Overall, Budget 2026 is expected to be financially decisive for women, and these announcements are anticipated to significantly boost women's financial independence.