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Madhya Pradesh Unveils ₹4.21 Lakh Crore Budget Focused on Development and Welfare

The 2025-26 budget, presented by Finance Minister Jagdish Devda, emphasizes women, youth, farmers, and infrastructure growth while introducing no new taxes.

  • The ₹4.21 lakh crore budget is a 15% increase from the previous fiscal year, with no new taxes introduced.
  • Significant allocations include ₹18,669 crore for the Ladli Behna Yojana and ₹17,136 crore for the Jal Jeevan Mission to improve drinking water access.
  • A 15-25% tax cut on new vehicle purchases was announced to promote the vehicle scrap policy and boost the auto sector.
  • Development plans include enhancing tourism with Omkareshwar modeled after Ujjain's Mahakal Lok Corridor and expanding irrigation to 1 lakh hectares.
  • The budget projects a fiscal deficit of 4.66% of GSDP and focuses on women, youth, and rural development through welfare schemes and employment initiatives.
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