State receives Rs 15,143 crores in Railway Budget 2024-25
   Date :12-Feb-2024

Railway Budget 2024-25   
Staff Reporter
In a significant development, Railway Budget for fiscal year 2024-25 has announced a substantial budget allocation of Rs 15,143 crores for Madhya Pradesh. Shedding light on provisions made for Indian Railways in the budget, Railway Minister Ashwini Vaishnav, who addressed the media virtually, emphasised strategic shift in policies over the past decade under the leadership of Prime Minister Narendra Modi. The budget for year 2024-25 stands at a record Rs 2.52 lakh crore, highest ever allocated so far. The plan includes construction of three major corridors - Energy, Mineral and Cement Corridor, High Traffic Density Corridor and Port Connectivity Corridor. These corridors aim to boost economic development across the country. Additionally, a total of 40,000 coaches will be manufactured in line with the standards of ‘Vande Bharat.’
The Railway Minister provided insights into Madhya Pradesh’s significance in the railway sector. He highlighted remarkable increase in the budget allocation for the State, soaring from an average of Rs 632 crore per year during 2009-14 to the current unprecedented allocation of Rs 15,143 crores for fiscal year 2024-25. Vaishnav further outlined rapid progress of railway projects in Madhya Pradesh, where investments of Rs 77,000 crore are driving substantial developments. Electrification of 100% railway lines and revitalisation of 80 railway stations under ‘Amrit Station’ Scheme are among the ongoing initiatives.
Moreover, 972 flyovers and road under-bridges have been constructed on railway tracks in Madhya Pradesh, contributing to improved connectivity. The State has also witnessed operation of 69 stalls, promoting sale of local products at railway stations. Minister Vaishnav assured adequate budget allocation to complete railway projects in Madhya Pradesh within stipulated time frame, highlighting budget announcement underscores a commitment to transforming and modernising rail infrastructure while prioritising safety and passenger amenities.