₹4.21 lakh crore Madhya Pradesh budget focused on industrial growth
The Hindu
Madhya Pradesh Deputy CM presents ₹4.21 lakh crore Budget for 2025-26, focusing on industry, agriculture, and social welfare.
Madhya Pradesh Deputy Chief Minister and Finance Minister Jagdish Devda on Wednesday presented the State’s annual Budget for the fiscal year of 2025-26 in the Assembly, with a total outlay of ₹4,21,032 crore, and a focus on industry and agriculture.
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This is the first Budget of a Madhya Pradesh government that has crossed the ₹4 lakh crore mark, with about 15% higher allocation than the previous Budget of ₹3.65 lakh crore.
“The Budget estimate of total revenue receipts in the year 2025-26 is ₹2,90,879 crore. In revenue receipts, receipts from State taxes are estimated at ₹1,09,157 crore, and receipts under the State’s share in Central taxes at ₹1,11,662 crore,” Mr. Devda, who presented his fifth consecutive State Budget, said.
No provisions have been made this year for any new tax or any increase in existing taxes, the Minister said.
Amid the State government’s ongoing push for investment and industrial growth, Mr. Devda said that 39 new industrial areas would be developed across Madhya Pradesh. “This will create more than three lakh employment opportunities,” he said.
Mr. Devda announced overall allocations for various sectors, including ₹58,257 crore for agriculture, ₹23,533 crore for health, ₹19,000 crore for energy, ₹18,715 crore for urban development, and ₹19,500 for rural development.
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