Madhya Pradesh Cabinet Allocates ₹38,555 Crore for Economic Development
Madhya Pradesh cabinet approves Rs 38,555 cr for roads, agri and IT sectors; sets up traders' welfare board
The Economic TimesImage: The Economic Times
The Madhya Pradesh cabinet, led by Chief Minister Mohan Yadav, approved ₹38,555 crore for various sectors including ₹32,405 crore for road infrastructure and ₹2,442 crore for agriculture. A State Traders' Welfare Board was also established to enhance communication and resolve issues for traders, aiming to boost the state's economy.
- 01Cabinet approved ₹38,555 crore for infrastructure and agriculture.
- 02₹32,405 crore allocated for road infrastructure and government housing.
- 03₹2,442 crore designated for the Self-Reliance in Pulses Mission.
- 04State Traders' Welfare Board established for trader support.
- 05District-level committees to enhance business community interests.
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The Madhya Pradesh cabinet, chaired by Chief Minister Mohan Yadav, approved a substantial budget of ₹38,555 crore aimed at enhancing the state's economic infrastructure. A significant portion, ₹32,405 crore, is allocated for road infrastructure and the maintenance of government housing for the period of the 16th Finance Commission (2026-2031). Additionally, ₹2,442 crore is earmarked for the Self-Reliance in Pulses Mission, which aims to strengthen the agriculture sector over the next five years. The cabinet also approved ₹2,412 crore for constructing new anganwadi centres and facilitating the 'Mission Vatsalya' initiative. Furthermore, ₹1,295.52 crore is allocated for the IT and electronics manufacturing sector. To support traders, the cabinet established a State Traders' Welfare Board, which will streamline grievance redressal and enhance communication between traders and the government. This initiative, along with the formation of district-level committees, is expected to promote the overall development of the business community and accelerate the state's economic growth.
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This funding will enhance road infrastructure, support agriculture, and improve IT sectors, directly benefiting local businesses and communities in Madhya Pradesh.
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