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Madhya Pradesh FM Jagdish Devda presents State Budget 2021-22 with an outlay of INR 2.41 Lakh Crore

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MP FM Jagdish Devda presentsOn 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