Chief Minister Dr. Mohan Yadav announced a major initiative for the state's industrial and entrepreneurial sectors on Sunday, marking the 71st Madhya Pradesh Foundation Day. He said that a new MSME Industrial Development Company (MSME-IDC) would be established to cater exclusively to the needs of micro, small and medium enterprises in Madhya Pradesh.
The new company will play a significant role in providing infrastructure, land and other essential industrial facilities across all regions of the state, ensuring balanced industrial development. Just as the Madhya Pradesh Industrial Development Corporation facilitates large-scale industries involving investments of over ₹500 crore, the proposed company will be entirely dedicated to promoting and developing the MSME sector. It will be a government company wholly owned by the state government.
Chief Minister Dr. Yadav further announced that private investors would also be permitted to develop industrial parks, for which the government would provide a subsidy of ₹50 lakh per hectare. He added that land for MSME units would be made available in all districts of the state within two months. These initiatives are expected to give fresh momentum to industrial development and investment across Madhya Pradesh.
Chief Minister Dr. Yadav transferred incentives through a single-click mechanism from his residence to more than 900 MSME units across the state, amounting to over ₹450 crore. Incentives worth ₹47.80 lakh were also transferred to more than 120 startups.
Micro, Small and Medium Enterprises Minister Shri Chaitanya Kashyap was especially present at the programme, where Chief Minister Dr. Yadav also interacted with entrepreneurs.
State Government will Extend All Possible Support to Encourage Innovation and Investment by Entrepreneurs
Chief Minister Dr. Yadav issued Letters of Intent (LoIs) for 75 industrial plots, representing a potential investment of approximately ₹83 crore and the creation of 640 new employment opportunities. Benefits were also distributed to various beneficiaries under the Mukhyamantri Udyam Kranti Yojana.
Chief Minister Dr. Yadav held detailed discussions with young entrepreneurs on investment, future business plans and industrial development opportunities. He assured them that the state government would extend all possible support to encourage their innovations and investments.
Every Section of Society Being Connected with Mainstream of Development
Chief Minister Dr. Yadav said that the celebration of the state's prosperity and well-being would be meaningful only when economic growth is positive, strong and inclusive, and every section of society gets an opportunity to become part of the mainstream of development. Taking a step in this direction, the state government has announced a 2% increase in the Dearness Allowance (DA) for government officers and employees. He said that the government is committed to the progress of every sector in accordance with the guiding principle of "Sabka Saath, Sabka Vikas, Sabka Vishwas and Sabka Prayas."
With the objective of promoting milk production in the state, competitions were organised in all Vrindavan Villages on October 30 and 31. Based on the milk yield of indigenous milch cattle breeds, including Gir, livestock farmers will receive cash prizes of ₹1 lakh for the first position, ₹50,000 for the second and ₹25,000 for the third. The objective is to increase milk production in the state and promote economic activities across agriculture, animal husbandry and other sectors.
Chief Minister Dr. Yadav said that under the leadership of Prime Minister Shri Narendra Modi, a new environment of development and prosperity has emerged in the country.
Under PM Shri Modi's Leadership, India is Advancing towards Self-Reliance
Chief Minister Dr. Yadav said that the effective leadership of Prime Minister Shri Modi has ensured the uninterrupted availability of petroleum in the country despite the global petroleum crisis and supply-related challenges. Under his leadership, India's energy capacity is expanding rapidly, and the country is steadily advancing towards self-reliance. He said that the future of Madhya Pradesh rests on investment, industry and innovation. During 2025–26, 13 new industrial areas were developed across 220 hectares of land. Thousands of beneficiaries have also been provided loans under the Mukhyamantri Udyam Kranti Yojana.
Incentives for Entrepreneurs are Diwali Gift from CM Dr. Yadav: Minister Shri Kashyap
Micro, Small and Medium Enterprises Minister Shri Chaitanya Kashyap said that the grants and incentives being extended to MSMEs and startups were a Diwali gift to entrepreneurs from Chief Minister Dr. Yadav and the state government. He said that organising this programme ahead of Diwali reflected the Chief Minister's sensitive and supportive approach towards entrepreneurs. Chief Minister Dr. Yadav believed that entrepreneurs, too, should receive something special on the occasion of Diwali. Through this programme, he has conveyed the assurance that the state government will always stand by entrepreneurs.
Minister Shri Kashyap said that Madhya Pradesh ranks first in the country in promoting MSMEs and providing grants to startups. He also expressed gratitude to Chief Minister Dr. Yadav on behalf of the entrepreneurial community.
Industrial Plots to Be Allotted to 5,000 Industries: Minister Shri Kashyap
Minister Shri Kashyap said that following the Industry Year and Chief Minister Dr. Yadav's efforts to showcase Madhya Pradesh's strengths at investment summits in India and abroad, the state has emerged as a preferred destination for investors. He informed that 1,250 industrial plots had been allotted to entrepreneurs in the past year alone, and the number is expected to reach 3,000 during the current financial year. The Chief Minister assured that 30 new industrial areas would be developed by 2028 and industrial plots would be made available to 5,000 industries. He said that industrial activities in the state were expanding rapidly. A large number of MSME entrepreneurs and startup founders attended the programme.
Chief Minister Dr. Yadav Distributes Benefits to Entrepreneurs
Under the Mukhyamantri Udyam Kranti Yojana, Chief Minister Dr. Yadav symbolically handed over loan sanction cheques to Smt. Samiksha Gagrani and Smt. Hina Chavan of Bhopal, Shri Akash Dangi of Vidisha and Shri Sanyam Jain of Sehore. Under the Madhya Pradesh Startup Policy and Implementation Scheme, he presented a symbolic cheque representing financial assistance to Shri Kanishk Gupta.
Chief Minister Dr. Yadav also handed over Letters of Intent for land allotment in the Toy Cluster, Budni, to Smt. Megha Chandekar, Smt. Kiran Singh and Shri Hitendra Sharma. Similarly, Letters of Intent for land allotment in the industrial area at Jer, Niwari, were given to Smt. Rashmi Rajak and Shri Saurabh Singh, while Smt. Amrit Swarnkar received a Letter of Intent for land allotment in the industrial area at Tikaria Takhla, Katni district.
Additional Chief Secretary Shri Neeraj Mandloi, MSME Secretary Shri John Kingsley, and a large number of MSME entrepreneurs and startup founders were present at the programme.
