UNION BUDGET 2026-27 PROPOSES SEVERAL INCENTIVES FOR COOPERATIVES

• Union Budget 2026-27, presented on 01 Feb 2026 by FM Nirmala Sitharaman, expanded income-tax deductions and dividend treatment for primary cooperative societies and national cooperative federations.
• Targets the Sahakar-se-Samriddhi push by lowering effective tax incidence on cooperatives in dairy, fibre, and federated finance domains.
• Relevant for GS-III (Indian economy — cooperative sector, taxation) and Prelims (Section 80P, Ministry of Cooperation, new tax regime).