KRISHI KALYAN VARSH 2026 ★

As part of the Krishi Kalyan Varsh 2026 (Farmer Welfare Year), the Madhya Pradesh government has operationalized a massive ₹27,746 crore roadmap. This initiative coordinates 16-17 different departments (Agriculture, Horticulture, Animal Husbandry, Fisheries, etc.) to transform the rural economy.

Key Strategic Allocations

• Financial & Credit Support: * ₹3,909 crore for the Short-term Crop Loan Interest Subsidy, ensuring loans up to ₹3 lakh remain at 0% interest.
  • ₹1,975 crore as share capital assistance to Cooperative Banks to maintain liquidity for farmers.
• Irrigation & Infrastructure:
  • Significant funding for the Parvati–Kalisindh–Chambal (PKC) and Ken–Betwa link projects to irrigate 1.6 million hectares.
  • Solar Pumps: A target to provide solar pumps to 30 lakh farmers over three years (10 lakh per year).
• Price Protection & Millets:
  • Extension of the Bhavantar Bhugtan Yojana to Mustard (following Soybean) to protect against market fluctuations.
  • Establishment of the State Shree Anna (Millets) Research Centre in Dindori.
• Allied Sectors:
  • ₹1,150 crore for the National Horticulture Mission.
  • ₹656 crore for Sorted Sexed Semen production under the National Gokul Mission to improve livestock breeds.
  • ₹1,375 crore for upgrading Micro Food Processing Enterprises to boost the "Farm to Factory" model.

 ★AGRICULTURE CABINET★

In a landmark move for the state’s primary sector, Madhya Pradesh held its first-ever Agriculture Cabinet meeting on March 4, 2026, in Nagalwadi village, Barwani district. This initiative signals a shift toward decentralized, farmer-centric governance.

Key Highlights & Decisions

• "Krishi Kalyan Varsh" (2026): The Cabinet officially declared the year 2026 as the "Agriculture Welfare Year," focusing on doubling farmer income through technology and diversification.
• Financial Outlay: A massive package of ₹27,746 crore was approved to fund 16 different agricultural and allied sector schemes.
• Irrigation Expansion: Approval was granted for the Narmada-Malwa Link Project Phase IV, aiming to bring an additional 50,000 hectares under irrigation in the tribal-dominated Nimar region.
• Support for Millets: The "Rani Durgavati Shri Anna Protsahan Yojana" was strengthened, providing a ₹10/kg incentive to farmers growing Kodo-Kutki and Ragi to promote nutritional security.
• Infrastructure: Plans were finalized for 100 new Custom Hiring Centers in Barwani and Khargone to provide small farmers access to expensive machinery like drones and harvesters.
• Organic Hub: The Nimar region will be developed as a "Natural Farming Corridor" to reduce chemical fertilizer dependency and boost exports.

@Budget of Madhya pradesh 2026-27

On February 18, 2026, Madhya Pradesh Finance Minister Jagdish Devda presented the state budget for the fiscal year 2026-27.

The budget emphasizes inclusive growth through the GYANII framework:

 Garib (Poor), Yuva (Youth), Annadata (Farmers), Nari (Women), Infrastructure, and Industry.

The budget remains revenue surplus, meaning the state's day-to-day earnings exceed its day-to-day expenses, while focusing heavily on capital investment for infrastructure.

1. Estimates of Income (Receipts)

The state’s total receipts (excluding borrowings) are estimated at ₹3,89,397 crore.

Note: The state has maintained a policy of no new taxes, relying on a projected 10.6% growth in its own tax collection through better management.

2. Estimates of Expenditure

The total estimated expenditure (Budget Estimate) is ₹3,88,925 crore.

• Revenue Expenditure: Covers salaries, pensions, interest payments, and subsidies (e.g., Ladli Behna Yojana).
• Capital Expenditure: This is the "investment" portion used for building roads, dams, and metro rails. Including extra-budgetary resources, the total effective capital outlay is pegged at a record ₹1,06,156 crore.

3. Key Fiscal Indicators

• Revenue Surplus: ₹44.42 Crore (Income slightly exceeds operational costs).
• Fiscal Deficit: 3.87% of GSDP. This is within the permissible limits set by the Center (3% base + 0.87% additional for capital works).
• Interest Payments: Estimated at 10.93% of the total revenue receipts.
• GSDP: The state's Gross State Domestic Product is projected to reach ₹18,48,274 crore, a growth of approximately 10.7%.

Key Fiscal Highlights

• Total Outlay: ₹4.38 Lakh Crore (Expansionary spending with no new taxes).
• Revenue Surplus: Estimated at ₹44 crore.
• Fiscal Deficit: Targetted at 3.87% of GSDP.
• Innovation: Introduction of India's first "Rolling Budget" system for flexible, long-term planning.

Major Sectoral Allocations

Key Initiatives

Kisan Kalyan Varsh:

Focused on reducing farming costs and increasing MSP procurement.

Urban Modernization:

Allocation for 974 e-buses and 10 lakh new houses under PMAY over five years.

Youth & Industry:

Development of 5 new IT parks and a FinTech City to boost employment.

Simhastha 2028:

₹3,060 crore earmarked for initial preparations for the mega religious event in Ujjain.

The budget aligns with the "Samriddh Madhya Pradesh @2047" vision, balancing welfare schemes with massive capital investment to spur industrialization.