What is the total amount of the Madhya Pradesh budget for the financial year 2025-26?

The Correct Answer is Rs 4,21,032 crore.

In News

• MP Budget 2025-26: No new tax, no increase in rate of any tax.

Key Points

• Madhya Pradesh Finance Minister Jagdish Devda presented a budget of Rs 4,21,032 crore for the financial year 2025-26.
• The budget does not impose any new taxes nor proposes an increase in existing tax rates.
• The government’s goal is to create a developed Madhya Pradesh by 2047.
• A high-level committee will be formed to consider implementing the Unified Pension Scheme for government employees.
• The budget includes plans to:
  • Open 22 new ITIs (Industrial Training Institutes).
  • Establish a fully equipped stadium in every assembly constituency.
  • Set up a digital university and a National Defense University in the state.
• The Ladli Bahana scheme will be linked to central government schemes like the Atal Pension Yojana.
• The state government aims to build 1 lakh kilometres of roads in Madhya Pradesh.
• Motor Vehicle Tax discounts:
  • 15% discount for transport vehicles on purchasing new vehicles.
  • 25% discount for non-transport vehicles.