MP Boost: New Company for Jabalpur-Indore Economic Corridor, Rs 27,050 Cr Cleared
CM Mohan Yadav clears Rs 27,050 cr for MP's development, including a new company for the Jabalpur-Indore Economic Corridor to create 6 lakh jobs.
In a massive push toward industrialization and infrastructure, the Madhya Pradesh Cabinet, led by Chief Minister Mohan Yadav, has greenlit a series of ambitious projects aimed at the all-round development of the state. The highlight of the meeting held at the Bhopal state secretariat was the approval to establish a dedicated state-owned company to spearhead the Jabalpur-Indore economic corridor and various other industrial hubs.
A New Engine for Industrial Growth
To ensure the seamless execution of the Jabalpur-Bhopal-Indore Industrial Corridor, the state government is forming a wholly state-owned entity under the Industries Department. This company will start with an initial paid-up capital of Rs 100 crore provided by the state.
The company is designed to be a powerhouse of development, tasked with creating:
- Industrial parks and logistics hubs.
- Food and agro-processing parks.
- IT parks and Global Capability Centres (GCCs).
- Essential residential and social infrastructure to support the workforce.
Crucially, the company will hold significant authority over land management, including acquisition, zoning, and allocation within these designated economic zones. Chief Minister Mohan Yadav announced that he will personally chair the company's Governing Council to eliminate bureaucratic delays and ensure inter-departmental synergy.
Investment and Employment Forecast
The scale of the project is immense. In its first phase, the government plans to develop approximately 10,000 acres of land. The state expects this initiative to attract investments surpassing Rs 3 lakh crore over the next three years, potentially generating more than 6 lakh employment opportunities for the youth of Madhya Pradesh.
Rs 27,050 Crore Injection for State Development
Beyond the industrial corridor, the Cabinet approved a staggering total of approximately Rs 27,050 crore for various sectoral improvements. The allocations span agriculture, education, health, and infrastructure.
Support for Farmers and Irrigation
In a move to protect soybean growers, the Cabinet approved the Bhavantar Bhugtan Yojana for the 2026 kharif season under the Centre’s PM-AASHA scheme. Farmers are required to register on the e-Uparjan portal by October 17, with the sale window at notified mandis scheduled from October 22, 2026, to January 15, 2027.
Furthermore, Rs 3,076.37 crore has been earmarked to continue vital irrigation projects in Mandsaur, Raisen, Burhanpur, and Singrauli.
Education and Student Welfare
The state is investing heavily in its future generations with the following approvals:
- School Infrastructure: Rs 2,875.20 crore for expanding government schools, libraries, hostels, and residential sports facilities.
- Tribal Education: Rs 241.88 crore for transportation for students of 94 Sandipani schools. The annual transport allowance per student has been hiked from Rs 10,000 to Rs 21,000, with a planned 5% annual increase.
Healthcare and Governance
The Cabinet also focused on traditional medicine and administrative efficiency:
- AYUSH Sector: Rs 3,535 crore for AYUSH colleges and hospitals, and an additional Rs 1,697.62 crore for the National AYUSH Mission.
- Legal Affairs: Rs 15,557.35 crore sanctioned for schemes under the Law and Legislative Affairs Department for the 16th Finance Commission period (April 2026 to March 2031).
- Administration: Rs 71.81 crore for the State Information Commission and the creation of 24 new posts (along with 12 redeployments) for the Women and Child Development Department in districts including Maihar, Pandhurna, Mauganj, and Niwari.