On March 2, 2021, Madhya Pradesh (MP) Finance Minister Jagdish Devda presented the Annual Budget for the year 2021-22 with an outlay of INR 2,41,375 Crore. The main focus of the budget was on making Madhya Pradesh self-reliant.
- There was no proposal to levy new taxes in the Budget.
- The Gross State Domestic Product (GSDP) of MP is estimated to reach INR 10 Lakh Crore in the Financial Year (FY) 2021-22.
- The FM presented the budget in a paperless manner as it was read from an ‘Made in India’ tablet.
- Special attention in the budget is given to infrastructure, education, employment, farmers and women.
Fiscal Indicators
- Provision of total Appropriation amounting to Rs.2, 41, 375 Crore.
- Total net Expenditure – Rs.2,17,123 Crore.
- Revenue Deficit – Rs.8294 Crore
- Estimated Gross State Domestic Product 4.50% of fiscal Deficit.
- Revenue Deficit 2021-22 to be -0.73% of the state GDP.
- Interest Payments in the year 2021-22 are 12.72% of the total revenue receipts.
- Estimated Revenue Receipts – INR 1, 64, 677 Crore (includes MP’s own tax income of INR 64, 914 Crore & INR 52, 247 Crore from its share in Central Taxes)
- Revenue receipts for 2020-21 are estimated to fall by 5.05% compared to 2019-20 due to the impact of coronavirus pandemic.
Major Announcements
- INR 1.12 Lakh Crore has been set aside for Socio-Economic Development Schemes.
- A Provision of INR 24, 911 Crore has been made for the Schedule Tribe Sub-plan & INR 17, 890 for Scheduled caste sub-plan.
- Under the Jal Jeevan Mission, INR 5, 762 Crore has been set aside for providing tap water to households.
- INR 9, 793 Crore set aside for establishment of primary schools.
| Provision | Sector to which allocated |
| Rs 3,200 crore | Chief Minister(CM) Kisan Kalyan Yojana with Rs 4,000 being paid to each eligible farmer annually. |
| Rs 1,000 crore | To grant interest on short-term loans to farmers through Co-opeartive banks |
| Rs 5,762 crore | Jal Jeevan Mission |
| Rs 900 crore | Smart Cities |
| Rs1.12lakh crore | socio-economic development schemes |
| Rs 17,980 | SC sub-plan |
| Rs 9,793 crore | for the establishment of primary schools. |
| Rs.44,152 crore | For infrastructure |
| Rs.40,958 crore | for providing quality education at government schools and nine new government medical colleges will also be set up |
| Rs.24,911 crore | ST sub-plan |
| Rs.7,341 crore | Public Works Department |
| Rs.3993 crore | Samgra Shiksha Abhiyan |
| Rs.3035 crore | National Health Mission |
| Rs.2925 crore | Pradhan Mantri Gram Sadak Yojana |
| Rs.2581 crore | Atal Griha Jyoti Yojana |
| Rs.2500 crore | Pradhan Mantro Fasal Bima Yojana |
| Rs.2000 crore | National Rural Employment Guarantee Scheme |
| Rs.2000 crore | Mukhya Mantri Krishak Fasal Uparjan Sahayata Yojana. |
| Rs.270 crore | Ayush Department |
Infrastructure
- The Public Works Department (PWD) will get INR 7, 341 crores for developmental works.
- Funds have been allocated for construction of 2, 441 km of roads & 105 railway over-bridges.
- INR 262 Crore has been allocated for the Metro Rail Project in Bhopal & Indore.
- INR 1, 500 Crore has been allocated for Atal Mission for Rejuvenation and Urban Transformation (AMRUT) scheme.
Smart Cities & Housing
- A Fund of INR 900 Crore has been set aside for development of smart cities.
- A Provision of INR 1, 500 Crore has been made under housing for all schemes.
Atal Krishi Jyoti Yojana
A provision of INR 4, 600 Crore has been allocated for the Atal Krishi Jyoti Yojana.
- The main objective of the Atal Krishi Jyoti Yojana scheme is to illuminate dark regions by establishing solar street lights.
- It is a decentralized solar application scheme of the Ministry of New and Renewable Energy (MNRE), India.
- Energy Efficiency Services Limited (EESL) is responsible for implementation of this scheme.
Agriculture
An amount of INR 3, 200 Crore has been allocated under the Chief Minister’s Farmers’ Welfare Scheme.
- Under the scheme INR 4, 000 will be paid to each eligible farmer annually.
Future Development:
- MBBS seats will be increased to 3250 by 2022-23.
- Nursing seats will be increased to 320. 9
- new medical colleges will be opened in the state.
- Three cancer hospitals will be set up in Jabalpur, Indore and Bhopal.
Click here to read the full budget
About Madhya Pradesh:
Capital: Bhopal
Governor: Anandiben Patel
Chief Minister: Shivraj Singh Chouhan
Hills – Mahadeo, Arera, Idgah
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