Bhopal: Madhya Pradesh Chief Minister Dr Mohan Yadav has announced a series of initiatives to accelerate industrial development, encourage private investment and strengthen the state’s micro, small and medium enterprises (MSMEs). On the occasion of the state’s 71st Foundation Day, celebrated on Sunday, November 1, the Chief Minister announced the formation of a new MSME Industrial Development Company (MSME-IDC) dedicated to promoting and supporting MSMEs across the state.
Speaking at a programme held at his official residence in Bhopal, CM Mohan Yadav said the proposed company would play a crucial role in providing industrial infrastructure, land and other essential facilities to entrepreneurs across different regions of Madhya Pradesh.
The new company will be a fully state-owned government entity and will focus exclusively on the development and promotion of the MSME sector. Its role will be similar to that of the Madhya Pradesh Industrial Development Corporation (MPIDC), which primarily facilitates investments exceeding ₹500 crore.
The Chief Minister also announced that private investors would now be allowed to develop industrial parks, with the state government providing a subsidy of ₹50 lakh per hectare. Additionally, land for MSME industries will be made available in all districts of Madhya Pradesh within the next two months.
CM Transfers Over ₹450 Crore to 900+ MSME Units
During the programme, Chief Minister Mohan Yadav transferred financial incentives worth more than ₹450 crore to over 900 MSME units through a single-click digital transfer.
He also transferred ₹47.80 crore in incentive assistance to more than 120 startups under the state’s startup promotion initiatives.
The programme was attended by MSME Minister Chetanya Kashyap, who highlighted the state government’s commitment to supporting entrepreneurs, startups and industrial investments.
75 Industrial Plots Allotted, Investment of ₹83 Crore Expected
The Chief Minister also distributed letters of intent for 75 industrial plots to entrepreneurs. These allotments are expected to attract investments of approximately ₹83 crore and generate around 640 new employment opportunities.
Under the Mukhyamantri Udyam Kranti Yojana, benefits were also distributed to selected beneficiaries.
During the interaction, Mohan Yadav discussed investment plans, future business opportunities and the potential for industrial development with young entrepreneurs. He assured them that the state government would extend all possible support to encourage innovation, entrepreneurship and fresh investments in Madhya Pradesh.
Private Investors to Receive ₹50 Lakh Per Hectare Subsidy for Industrial Parks
In a significant step towards expanding industrial infrastructure, the Chief Minister announced that private investors can now establish industrial parks in the state.
To encourage private participation, the government will provide financial assistance of ₹50 lakh per hectare to eligible investors developing industrial parks.
He also announced that land for MSME units would be made available in every district within two months. The initiative aims to ensure balanced industrial development across Madhya Pradesh and provide entrepreneurs with easier access to land and infrastructure.
The proposed MSME Industrial Development Company will further strengthen this initiative by addressing the infrastructure and land-related requirements of small and medium-sized businesses.
Government Committed to Inclusive Economic Growth: CM Mohan Yadav
Addressing the gathering, Mohan Yadav said that the celebration of the state’s prosperity and development would be meaningful only when economic growth remained positive, strong and inclusive.
He emphasised that every section of society should get an opportunity to participate in the state’s development.
The Chief Minister also mentioned the state government’s announcement of a 2% increase in the dearness allowance (DA) for government officers and employees.
He said the government was committed to advancing every sector under the guiding principle of ‘Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayas’.
Highlighting efforts to promote dairy farming, he said competitions were organised across all Vrindavan villages on October 30 and 31 to encourage milk production.
Under the initiative, livestock farmers will receive awards based on milk production from indigenous cattle breeds, including Gir cows.
The first prize will be ₹1 lakh, the second prize ₹50,000 and the third prize ₹25,000. The initiative aims to increase milk production and strengthen economic activities in agriculture, animal husbandry and allied sectors.
Madhya Pradesh’s Industrial Future Based on Investment and Innovation
The Chief Minister said that under the leadership of Prime Minister Narendra Modi, India was witnessing a new phase of development and economic progress.
He highlighted the country’s efforts towards energy security and self-reliance, particularly amid global petroleum supply challenges.
Mohan Yadav said the future of Madhya Pradesh would be driven by investment, industries and innovation.
He also shared details of the state’s industrial infrastructure development, stating that 13 new industrial areas were developed across 220 hectares during the financial year 2025-26.
He added that thousands of beneficiaries had received financial assistance through the Mukhyamantri Udyam Kranti Yojana to support entrepreneurship and business development.
MSME Incentives Are Diwali Gifts for Entrepreneurs: Minister Chetanya Kashyap
MSME Minister Chetanya Kashyap described the financial incentives and grants provided to MSMEs and startups as a Diwali gift from Chief Minister Mohan Yadav and the state government.
He said the programme, organised ahead of Diwali, reflected the Chief Minister’s commitment to supporting entrepreneurs and strengthening the business ecosystem.
According to the minister, the Chief Minister wanted entrepreneurs to receive special support from the government during the festive season.
Kashyap expressed gratitude to the Chief Minister on behalf of the state’s entrepreneurs and said Madhya Pradesh was among the leading states in the country in providing incentives to MSMEs and grants to startups.
5,000 Industries to Get Industrial Plots by 2028
The MSME Minister also outlined the government’s future plans for expanding industrial infrastructure.
He said Madhya Pradesh had emerged as an attractive investment destination following the Chief Minister’s efforts to highlight the state’s industrial potential at domestic and international investor summits.
According to Kashyap, around 1,250 industrial plots had been allotted to entrepreneurs over the past year. The government aims to increase this number to 3,000 during the current financial year.
He further announced that 30 new industrial areas would be developed by 2028. The government aims to provide industrial plots to 5,000 industries as part of its broader industrial expansion strategy.
CM Mohan Yadav Distributes Benefits Under Entrepreneurship and Startup Schemes
During the programme, the Chief Minister distributed symbolic loan cheques to beneficiaries under the Mukhyamantri Udyam Kranti Yojana.
The beneficiaries included:
- Sameeksha Gagrani and Hina Chavan from Bhopal.
- Akash Dangi from Vidisha.
- Sanyam Jain from Sehore.
Under the Madhya Pradesh Startup Policy and Implementation Scheme, Kanishk Gupta received symbolic recognition of financial assistance.
The Chief Minister also distributed letters of intent for industrial land allotment to entrepreneurs.
These included:
- Megha Chandekar, Kiran Singh and Hitendra Sharma for land allotment in the Toy Cluster at Budhni.
- Rashmi Rajak and Saurabh Singh for industrial land in Jer, Niwari.
- Amrit Swarnkar for land allotment in the Tikaria Takhla industrial area of Katni district.
Senior Officials and Entrepreneurs Attend Programme
The programme was attended by MSME Minister Chetanya Kashyap, Additional Chief Secretary Neeraj Mandloi and MSME Secretary John Kingsley.
A large number of MSME entrepreneurs and startup representatives also participated in the event.
Through the new MSME Industrial Development Company, financial incentives, industrial land allotments and support for private industrial parks, the Madhya Pradesh government aims to strengthen the state’s industrial ecosystem, attract fresh investments and create more employment opportunities.
