Special Focus on Solar Energy to Empower Farmers, Indore Hosts National Mutual Fund Distributors Meet
Bhopal, December 20, 2024 Chief Minister Dr. Mohan Yadav highlighted the remarkable growth in Madhya Pradesh’s mutual fund sector, with investments crossing ₹1.25 lakh crore, as a testament to the state’s robust development. Addressing the two-day Mutual Fund Investment Conclave in Indore, attended by distributors from across the country, Dr. Yadav emphasized how mutual fund investments at the national level have surged from ₹10 lakh crore to over ₹68 lakh crore under Prime Minister Narendra Modi’s leadership.
Ambitious Goals for Economic Growth
Dr. Yadav shared the state government’s vision of doubling the state budget from the current ₹3.25 lakh crore to ₹7 lakh crore by cutting unnecessary expenses and enhancing revenue. “Madhya Pradesh is working towards achieving ambitious goals across all sectors in this transformative era,” he added.
Solar Energy for Farmers’ Self-Reliance
Special efforts are being made to empower farmers through solar-powered irrigation pumps, which will significantly reduce electricity costs for the government. Dr. Yadav highlighted that these initiatives align with the state’s broader strategy to achieve self-reliance and energy efficiency.
Expansion of Healthcare and Irrigation Infrastructure
- Medical Education: The state has expanded from five medical colleges in 2003 to 30 today, offering 5,000 seats. The government aims to establish medical colleges in all 52 districts.
- River Linking Projects: Madhya Pradesh is actively working on two river-linking projects, which will expand irrigated land from 45 lakh hectares to 1 crore hectares, benefiting both agriculture and industry. This increase in irrigation capacity is expected to spur development and create employment opportunities.
Mutual Fund Sector’s Role in Growth
Dr. Yadav expressed optimism that deliberations at the conclave would pave the way for innovative investment strategies and contribute to the state’s economic growth. He emphasized that mutual funds play a vital role in strengthening financial security and wealth creation for citizens.
The event saw the participation of Water Resources Minister Tulsi Ram Silawat, MLAs Golu Shukla and Gaurav Randive, and key representatives from the Mutual Fund Association of Central India, including Rajesh Kulwal, Abhilash Jain, Amit Maheshwari, and Pramod Saraf.
Author: This news is edited by: Abhishek Verma, (Editor, CANON TIMES)
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