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MP CM Yadav Boosts MSMEs with Rs 169 Cr, Scales Industrial Budget to Rs 28,000 Cr

Madhya Pradesh Chief Minister Mohan Yadav presided over a ceremony to disburse over Rs 169 crore in assistance to MSMEs and startups. He announced a massive scale-up of the budget for the Udyog Kranti Yojana and related industrial incentives from Rs 8,000 crore to Rs 28,000 crore. The government has fully digitised land allotment, completing over 1,100 allotments in 2025 alone, and has cleared all subsidy backlogs since 2019. The upcoming year has also been declared the 'Year of Farmer Welfare' to promote food processing and better prices for farmers.

Key Points: MP CM Mohan Yadav Announces Rs 28,000 Cr for Udyog Kranti Yojana

  • Rs 169 crore disbursed to industries & startups
  • Land allotment process fully digitised
  • 10,473 beneficiaries covered under Udyog Kranti Yojana
  • Budget for industrial incentives to rise to Rs 28,000 crore
2 min read

MP CM Yadav disburses MSME incentives; to scale up Udyog Kranti Yojana budget to Rs 28,000 crore

MP CM Mohan Yadav disburses Rs 169 crore to MSMEs & startups, scales industrial incentive budget to Rs 28,000 crore for rapid industrialisation.

"The budget for industrial incentives... will be scaled up significantly to Rs 28,000 crore in the coming years. - Chief Minister Mohan Yadav"

Bhopal, March 30

Chief Minister Mohan Yadav on Monday presided over a major incentive distribution ceremony organised by the MSME Department and announced the release of over Rs 169 crore as assistance to industries and startups.

During the event, the government cleared the final dividend of Rs 8 crore for the Madhya Pradesh Laghu Udyog Nigam for the years 2020-2024.

Additionally, Rs 16.95 crore was disbursed as Investment Assistance to 257 industrial units, while Rs 8.6 crore was released as administrative assistance.

The first instalment of these funds is being transferred immediately through DBT (direct benefit transfer). Three industrial units received land allotment orders, and one unit was given an assistance letter under the Chief Minister's Enterprise Scheme. Each of these four units will also receive a grant of Rs 5 lakh.

Highlighting the progress made in the last year under his guidance, the Chief Minister's administration informed that the land allotment process has been fully digitised. While only 500 allotments were made from 2019 to 2024, the state has already completed more than 1,100 allotments in 2025 alone.

The number of startups in the state has increased to 7,200. Over Rs 3,000 crore has been disbursed as Investment Promotion Assistance in the last two years.

Under the 'Mukhyamantri Udyog Kranti Yojana', against a target of 8,000 beneficiaries this year, the state has already covered 10,473 beneficiaries, achieving 131 per cent of the target.

The Chief Minister announced that the budget for industrial incentives under the Udyog Kranti Yojana and related schemes, which stood at around Rs 8,000 crore last year, will be scaled up significantly to Rs 28,000 crore in the coming years.

This massive increase reflects the government's strong commitment to rapid industrialisation.

CM Yadav also declared the upcoming year as the 'Year of Farmer Welfare' and said joint agriculture-industry conferences will be organised to promote food processing units so that farmers get better prices for their produce through local value addition.

The entire backlog of pending subsidies since 2019 has been cleared, and the process of releasing fresh incentives will continue on a quarterly basis without delay, the chief minister said.

- IANS

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Reader Comments

P
Priya S
Scaling the budget from 8,000 to 28,000 crore is a massive jump! While the intent is good, the execution will be key. We've seen schemes with big budgets fail due to red tape. Hope the quarterly disbursement promise is kept. Focus should be on job creation.
R
Rohit P
Excellent news for Madhya Pradesh! 1100+ land allotments in a single year vs 500 in five years shows real administrative push. The 'Year of Farmer Welfare' linking agriculture to industry is a smart move. More food processing units mean better prices for our farmers. 🚜
S
Sarah B
As someone who has worked with startups, the increase to 7,200 is impressive. However, the article mentions "over Rs 3,000 crore" disbursed in two years. It would be helpful to know the survival rate of these startups. Incentives are good, but sustainable business models are better.
V
Vikram M
Bahut badhiya! Achieving 131% of the beneficiary target is no small feat. This kind of support can really boost manufacturing in the state and reduce migration for jobs. Hope other states learn from MP's model of digitisation and timely clearance of pending dues. 👍
K
Kavya N
The focus on joint agriculture-industry conferences is the most promising part. True development is when villages prosper alongside cities. If farmers get better prices through local processing, it will transform rural MP. Let's see the concrete outcomes of this declaration.

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