Madhya Pradesh Budget outlay increases 15 pc, no new taxes

Madhya Pradesh Finance Minister Jagdish Devda On Wednesday presented a budget of Rs 4,21,32crore for the financial year 2025-26 in the state assembly. No new tax has been imposed in the budget, and no proposal has been made to increase the rate of any tax. Devda said the government’s goal is to create a developed Madhya Pradesh by 2047. He also stated that a high-level committee will be formed to consider the process of implementing the Unified Pension Scheme for government employees. The Finance Minister announced plans to open 22 new ITIs, establish a fully equipped stadium in every assembly constituency, and set up a digital university and National Defense University in the state. He mentioned that the Ladli Bahana scheme will be linked to central government schemes like the Atal Pension Yojana.
Devda said that a target has been set to build one lakh kilometres of roads in the state. He further announced that on purchasing a new vehicle, a 15 percent discount will be given on Motor Vehicle Tax for transport vehicles and 25 percent for non-transport vehicles."The budget is focused on GYAN (Garib, Yuva, Annadata and Nari) with the aim of doubling the size of the state budget in the next five years, increasing capital investment, extension of road, irrigation and power facilities, attracting investment for quality health facilities and employment generation," Devda said.
Allowances of government employees will be revised as per the 7th Pay Commission with effect from April 1, 2025, he said. Among other things, 'Omkareshwar Mahalok' will be developed at Omkareshwar on the lines of Ujjain's Mahakal Lok corridor, the minister said.A provision of Rs 3,250 crore was made in the budget for giving incentives to industries, an increase of Rs 551 crore over the previous year.The government has already decided to observe 2025-26 as the year of industries and employment, the finance minister noted.