Financial research institute to be set up in Bhopal
   Date :08-Apr-2026

airstrip for Ujjain approved 
 
Staff Reporter :
 
In a significant move towards the holistic development of Madhya Pradesh, the State Cabinet, chaired by Chief Minister Mohan Yadav, approved a massive financial outlay of Rs 16,720 crore for various developmental projects and welfare schemes on Tuesday. The decisions span critical sectors including education, agriculture, irrigation, administrative reforms, and civil aviation, reflecting the Government’s commitment to accelerating the State’s progress. Revolutionary step in financial administration: The Cabinet approved the establishment of a state-of-the-art ‘Financial Training and Research Institute’ (FTRI) within the premises of the RCVP Noronha Academy of Administration and Management in Bhopal. The institute aims to standardise financial training for personnel across all levels, ensuring qualitative improvements in departmental efficiency, financial discipline, and transparency. The existing seven accounts training schools in the State will be integrated into this centralised system in a phased manner. Agriculture and irrigation: support for farmers: In a major boost for the farming community, the Cabinet sanctioned Rs 3,174 crore for the procurement of Gram (Chana) and Lentils (Masoor) over the next three years. Under the Price Support Scheme, the Government will procure 25% of the total production of Gram and 100% of Lentils. Additionally, administrative approval of Rs 88.41 crore was granted for the Katna Micro Irrigation Project in Mandsaur district. This project is set to provide irrigation facilities across 3,500 hectares, benefiting 12 villages in the Bhanpura tehsil.
 
Education reforms and PM Shri Scheme Extension :
 
Reiterating its focus on accessible education, the Cabinet approved several key measures to strengthen the academic infrastructure. A sum of Rs 3,039 crore was sanctioned for tuition fee reimbursement to non-government schools for students in classes 1 to 8 under the Right to Education Act for the period 2026-31. To further support students, Rs 693 crore has been allocated to provide free textbooks to those in classes 9 to 12 across all Government high schools and higher secondary schools. Furthermore, the Cabinet approved Rs 940 crore as the state’s share for the extension of the PM Shri School scheme until 2031, which aims to develop exemplar schools in line with the National Education Policy (NEP) 2020 by focusing on digital learning and infrastructure. Recognising the religious and industrial importance of Ujjain, the Cabinet approved Rs 590 crore for land acquisition (437.5 acres) to upgrade the Ujjain airstrip. The expansion will enable the operation of Boeing 320 and Airbus aircraft under the Central Government’s RCS-UDAN scheme. This development is expected to facilitate the massive influx of devotees for the Mahakaleshwar Jyotirlinga and the upcoming Simhastha Mahakumbh, while also boosting regional industrial growth. Welfare and environmental conservation: The Cabinet took several decisions to ensure the welfare of various social groups and the environment. Scheduled Caste students from Madhya Pradesh studying in higher education institutes in Delhi will now receive a monthly assistance of Rs 10,000, bringing the support at par with the existing scheme for Tribal students. For environmental protection, a sum of Rs 5,215 crore was approved for the reproduction, restoration, and conservation of forest areas over a five-year period from 2026 to 2031. Additionally, continuation of eight schemes under the Commercial Tax Department until 2030-31 was approved with an allocation of Rs 2,952 crore, which covers urban infrastructure funds and vital IT-related departmental works.