MP Budget 2023 Summary: State govt tables Rs 3.14 lakh crore budget

MP Budget 2023 Summary: State govt tables Rs 3.14 lakh crore budget

Madhya Pradesh Finance Minister Jagdish Devda presented the state budget worth over 3.14 lakh crore on Wednesday, despite the Congress’s opposition about an increase in LPG prices. The state’s youth, farmers, and women were given priority in the budget. Jagdish Devda began his statement in the state assembly by stating, “This is a Budget of Development.

Below are some highlights of the Madhya Pradesh Budget 2023

Madhya Pradesh Budget 2023 Highlight:

1. No new tax announced in this year’s Budget.
2. The finance minister allocated surplus funds for Chief Minister Shivraj Singh Chouhan’s flagship Ladli Behna Yojna. Under this scheme, women will be given financial assistance of Rs 1,000 per month with certain riders including that they are not Income Tax payee. Rs 8000 crore has been allotted in the budget for this scheme. The Ladli Behna scheme will be rolled out on March 5 in Madhya Pradesh.
3. Rs 1 lakh 2976 crore allocated for women welfare. Rs 660 crore allocated for Women self Help Groups and Rs 929 crore for Ladli Laxmi Yojana. The amount of incentive for Kanya Vivah Yojana increased from 51 to 55 thousand.
4. “The self-help groups provided credit linkage of more than Rs 5084 crore by the state government. Along with this, it has also been decided to provide an additional interest subsidy of 2 percent on the loan of 3 lakhs,” the finance minister said.
5. Rs 467 crores allocated for Pradhan Mantri Matru Vandana Yojana.
6. Rs 3,500 crore allocated for MNREGA scheme.
7. The state government to introduce housing plus scheme. Rs 8,000 crore for rural areas. A provision of Rs 383 crore made for the development of rural bodies.
8. Rs 400 crore to build 25 medical colleges
9. A provision of Rs 14,882 crore made for urban development, which is Rs 1,569 crore more than the last year.
10. Rs 738 crore allotted for sports. International Sports Complex to be built in Bhopal.
11. Rs 1000 crore set aside for Pradhan Mantri Kaushal Vikas Yojana.
12. Rs 252 crore allotted for employment-oriented schemes. Finance Minister Jagdish Devda announced 1 lakh new government jobs for the youth. A budget of Rs 252 crore allocated for the employment of nomadic tribes. There’s also a provision to send 200 youths to Japan for employment opportunities.
13.  The Madhya Pradesh government decided to pay the debt of defaulter farmers. Farmers can continue to avail Kisan Samman Nidhi. They will get financial assistance of Rs 10,000  every year. Budget of Rs 3,200 crore allocated for CM Kisan Kalyan Yojana.
14.  Rs 11,500 crore set aside for irrigation schemes
15.  Rs 3,230 crore allotted for 900 CM Rise schools. The finance minister announced recruitment for vacant posts in schools.
16.  The government will provide E-scooty to girls (holding first division in Class 12 exams) under CM Balika Scooty Scheme to encourage them to pursue higher education.
17.  The Madhya Pradesh government proposed to increase MBBS seats in the state from 2055 to 3605.
18.  The name of Chhindwara University to be renamed after Raja Shankar Shah.
19.  8000-km long road will be constructed under CM Gramin Jodo Sadak Yojana and 4000-km road to be built under PM road scheme.
20.  900-km long Narmada Pragati Path to be built in Madhya Pradesh
21.  The government announced Rs 300 crore for the Aahar Yojana grant.
22.  The Madhya Pradesh government decided to construct toilets at homes of 2.79 lakh new eligible families in the state. Proposal to build 12,789 community sanitation complexes also included in the budget. 300 Gaushalas also to be constructed.
23.  Rs 710 crore budget for metro rail in Indore and Bhopal.
24.  Indore-Pithampur Economic Corridor will be developed.
25.  A budget of Rs 80 crore for the development of airstrips

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