State’s current budget to be doubled in the next five years

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Chief Minister Mohan Yadav said that the empowerment of any nation depends on the empowerment of its states. He advocated for an increase in the states’ share of central taxes and revenue grants, highlighting that states work towards their goals with their capacity and limited resources. Enhanced financial grants from the central government would enable states to achieve long-term objectives more efficiently. He stressed that a Vikasit Bharat requires a Vikasit Madhya Pradesh, urging an increase in the states’ share of central taxes from 41 percent to 48 percent. This, he asserted, would strengthen states and take national development forward.

Yadav emphasized that Madhya Pradesh, being a large state, has equally significant needs. He stated that the central and state governments share the common objective of establishing a welfare state, which can be achieved through better coordination and mutual harmony. Chief Minister Dr. Yadav made these remarks while addressing an important meeting with the chairman and members of the 16th Central Finance Commission at the Kushabhau Thackeray International Convention Center on Thursday. During the meeting, he outlined the state’s expectations from the Finance Commission and highlighted the need for financial resources to achieve Madhya Pradesh’s long-term development goals.

Yadav said that Madhya Pradesh is the most progressive state in the country, rapidly advancing in agriculture, infrastructure, education, health, forests, tourism, urban development, and industrial growth. He highlighted the need for increased financial support and grants from the central government to accelerate development in these sectors. Chief Minister Dr. Yadav affirmed that Madhya Pradesh is committed to contributing to the vision of a Vikasit Bharat and pledged to fulfill the resolution of a Vikasit Madhya Pradesh. He stated that the state’s current budget stands at approximately Rs 3.5 lakh crore, intending to double it in the next five years.

The Chief Minister informed the Finance Commission that Madhya Pradesh is actively collaborating with the neighbouring states on river-linking projects to enhance water sharing. He highlighted the Parvati-Kalisindh-Chambal (PKC) river-linking project, which is being implemented in partnership with Rajasthan, with the Central Government allocating Rs 90,000 crore for this national project. Similarly, the Ken-Betwa Link National Project is progressing in collaboration with Uttar Pradesh.

Chief Minister Yadav acknowledged Prime Minister Narendra Modi for performing the Bhoomi Pujan of both these crucial projects, bringing pride to Madhya Pradesh. Additionally, the state is now working with Maharashtra on the Tapti River Project. Dr. Yadav emphasized the remarkable progress in irrigation over the past two decades, stating that while only 7 lakh hectares of agricultural land were irrigated 20 years ago, the state now irrigates over 48 lakh hectares. He reaffirmed the government’s commitment to river-linking initiatives, considering it a priority to ensure water availability for farmers. Furthermore, he noted that due to pro-farmer policies, there has been asignificant increase in the adoption of organic farming across the state.

Yadav stated that Madhya Pradesh’s 18 new industrial policies have significantly boosted investor confidence, attracting substantial investments. The state has received investment proposals worth Rs 30.77 lakh crore through the RICand the Global Investors Summit(GIS) in Bhopal, reflecting the growing trust of investors in Madhya Pradesh. To further streamline business operations, the government is establishing industry cells in every district collectorate.

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