MP Budget 2025 Live Updates: Congress MLA Umang Singhar slams govt, calls it ‘Karz Ka Budget’

"Madhya Pradesh was formed in 1956 and the state budget from then to 2003 was only Rs 20,000 crores. Increasing that budget 21 times, now if it is reaching Rs 4.20 lakh crores, it shows the speed at which the government is working for development. I am happy that Madhya Pradesh is one of the fastest-growing states in the country," said CM Mohan Yadav.

Finance Minister Jagdish Devda dismissed Patwari’s claims, stating that the funds are investments, not loans. He clarified that any borrowing is approved by the Government of India and is directed toward capital development projects.

The government aims to align the budget with PM Modi’s vision, ensuring adequate funding for the youth, women, farmers, and the poor. CM Yadav highlighted that the budget would accelerate development across all sectors.

MP’s budget has grown 21 times since 2003, reaching Rs 4.20 lakh crore this year. The government aims to double the state budget in five years, with a focus on development and PM Modi’s resolutions.

Ahead of Madhya Pradesh Budget presentation, Dy CM and Finance Minister Jagdish Devda says, "The budget will focus on all four sections - women, youth, farmers and the poor. The budget will be presented keeping in mind electricity, expansion of roads, health care, education, schemes, industry, employment... The loan taken by the state is taken with the permission of the Government of India and is spent on capitalized works..."

Finance minister and deputy CM Jagdish Devda says, "Today, the budget for the financial year 2025-26 will be presented in the Assembly. This budget will be for development. We will focus on four things - women, youth, farmers and the poor. The budget will touch all the sections of the society."

The budget may push for roads, highways, and smart city projects. Tourism development, including heritage, eco, and religious tourism, is expected to receive strong financial backing to attract more visitors.

Agriculture remains a priority, with expected bonuses on wheat and paddy procurement alongside MSP benefits. Increased allocations for irrigation, farm subsidies, and rural development are also likely.

With 2025 declared the Year of Industry, the government is expected to boost investments, MSMEs, and startups. New industrial policies and incentives may be introduced to attract businesses.

The budget will prioritize PM Modi’s GYAN framework – Garib (poor), Yuva (youth), Annadaata (farmers), and Nari (women). Key welfare schemes like Ladli Behna Yojana and affordable housing for the poor may receive major allocations.

Deputy chief minister Jagdish Devda is presenting the second annual budget of the Mohan Yadav government today. The budget is expected to cross Rs 4 lakh crore, with a focus on industry, infrastructure, and public welfare.