नवीनतम
MP Budget: FM Devda presents Rs 4.21 Lakh Cr budget
BHOPAL [Maha Media]: Deputy Chief Minister of Madhya Pradesh and Finance Minister Jagdish Devda presented the state budget of a total of Rs 4,21,032 crores for the financial year 2025-26 in the assembly on Wednesday.
The budget amount of this year is around 15 percent more than that of the previous year budget which was Rs 3.65 lakh crores. The budget presented for FY 2025-26 has been prepared keeping in view the doubling of the budget size in the next five years, increasing capital investment, expansion of road, irrigation and power facilities, attracting investment for quality health facilities and employment generation.
While presenting the budget in the state assembly, state finance minister Devda highlighted that efforts were made to obtain suggestions from the public for the preparation of the budget and included them in the state budget for fiscal year 2025-26.
"Suggestions received from the general public, eminent economists and subject experts have also been included in preparing the budget for the financial year 2025-26. Out of over 1500 suggestions received from the general public, important points and views of experts have been kept in mind while preparing the budget," Devda said.
The finance minister said that a provision of Rs 26,797 crore is proposed for the Women and Child Development Department for the year 2025-26 and Rs 23,535 crore is proposed for the health sector. Similarly, a provision of Rs 58,257 crore is proposed for agriculture and allied sectors for fiscal year 2025-26.
"A provision of Rs 18,715 crore is proposed for urban development, which is around Rs 2000 crores more than that of the last year and Rs 19,050 crore is proposed for rural development and Panchayat in 2025-26," he said.
The finance minister further said that Rs 1,610 crore was proposed for tourism, culture and Religious Trusts & Endowment for fiscal year 2025-26 and Rs 19,000 crore was proposed for the energy sector. Rs 17,136 crore is proposed for Jal Jeevan Mission (JJM) National Rural Drinking water Mission. A provision of Rs 2,005 crores is proposed for Simhastha-2028.
Highlights:
* No new tax has been proposed.
* No hike under Ladli Behna Yojana. The scheme will be linked to pension scheme.
* Omkareshwar will be developed on lines of Ujjain's Mahakal Lok Corridor.
* Irrigation area will be increased to 1 lakh crore hectares. Focus on Solar-run water pumps for farmers.
* 15-25% cut on motor vehicle tax on purchase of new vehicles to encourage vehicle scrap scheme.
Key financials of Budget 2025-2026
* The budget estimates a revenue surplus of Rs 618 crore for 2025-26.
* The estimated revenue receipts are Rs 2,90, 879 crores which include the state's own tax revenue of Rs 1,09,157 crore. The state's share in central taxes of Rs 1,11,662 crore, non-tax revenue of Rs 21,399 crores and grants received from the center amounting to Rs 48,661 crores.
* For the year 2025-26, a 7% increase in the state's own tax revenue is estimated compared to the budget estimates for Rs 2024-25.
* In the year 2025-26, a nearly 31% increase in capital expenditure is anticipated compared to the budget estimates for 2024-25.
* Rs 47, 296 crore (23.5%) is allocated for Schedule Tribe.
* Rs 32,633 crores ( 16.2%) is allocated for Schedule Caste.
Major Allocations
*Provision of Rs 18,669 crore under Ladli Behana Yojana 2023.
* Provision of Rs 17,136 crores under Jal Jeevan Mission National Rural Drinking Water Mission.
* Provision of Rs 13, 909 crore under Atal Kisan Jyoti Scheme.
* Provision of Rs 5,500 crore under Samagra Shiksha Abhiyan.
* Provision of Rs 4,418 crore under National Health Scheme.
* Provision of Rs 2,005 crores for Simhastha 2028.
* Provision of Rs 850 crores for Metro Rail Project.
