In a bold step towards economic resilience, the Mohan Yadav-led Madhya Pradesh cabinet presented the third supplementary budget of ₹19,287.32 crore for 2025-26 in the state assembly on Tuesday. Finance Minister Jagdish Devda, also the Deputy CM, detailed the breakdown: ₹8,934.03 crore in revenue and ₹10,353.29 crore in capital provisions.
Irrigation takes center stage with ₹4,700 crore funneled into Narmada Valley projects, signaling a water-secure future for agriculture-dependent regions. Energy infrastructure gets ₹2,630 crore in short-term loans to power companies, ensuring reliable supply chains.
Urban and housing sectors are bolstered by ₹1,569 crore in grants to local bodies per 15th Finance Commission norms, ₹248 crore for large cities, and ₹370 crore loans for institutions. Public works secure ₹1,337 crore for roads and land compensation, ₹225 crore for bridges, and ₹125 crore for strategic spans.
Welfare initiatives shine with ₹615 crore for the CM Jan Kalyan Sambal Scheme targeting the underprivileged. Youth empowerment includes ₹600 crore for meritorious students and ₹120 crore for education assistants in skill programs.
To lure investments, ₹1,250 crore goes to industrial policy promotion. Additional funds cover debt management (₹1,650 crore), fund transfers (₹1,388 crore), mining (₹461 crore total), water works (₹900 crore combined), and missions like Jal Jeevan (₹300 crore).
Analysts view this as a strategic infusion, prioritizing agri-boosts, power reliability, and urban-rural connectivity. As debates unfold, this budget promises to catalyze Madhya Pradesh’s developmental trajectory, fostering inclusive prosperity.