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Madhya Pradesh Cabinet Clears ₹16,720-Crore Plan, Establishes Financial Training Institute

The approvals lock in multi-year funding tied to central schemes with work now shifting to rollout.

Overview

  • The state cabinet, which met Tuesday in Bhopal, approved ₹16,720 crore for development and welfare schemes.
  • The plan creates a Financial Training and Research Institute at the RCVP Academy that merges seven accounting schools and runs on about ₹26 crore over three years.
  • The government set aside ₹3,174 crore over three years to buy pulses, taking all lentils and a quarter of chickpeas, with ₹1,058 crore each year routed as interest-free advances to the state marketing federation and no mandi fee.
  • Ujjain’s government airstrip will add 437.5 acres with ₹590 crore to enable Airbus flights under the RCS-UDAN program to expand regional air links.
  • Schools and students will see ₹3,039 crore for RTE fee refunds, ₹940 crore to grow PM-SHRI schools, ₹693 crore for free textbooks, and ₹10,000 a month for SC students studying in Delhi, while forestry work receives ₹5,215 crore from April 2026 to March 2031.