MP Cabinet approves Jabalpur-Indore Economic Corridor company and Bhavantar for soybean; clears ₹27,050 crore proposals
On 15 October 2026, the Madhya Pradesh Cabinet chaired by CM Mohan Yadav approved a wholly state-owned company for the Jabalpur-Indore Economic Corridor with ₹100 crore initial capital and Bhavantar Bhugtan for soybean growers under PM-AASHA.
Summary
The Madhya Pradesh Cabinet, chaired by Chief Minister Mohan Yadav in Bhopal on 15 October 2026, approved proposals worth about ₹27,050 crore. It cleared a wholly state-owned company for integrated development of the Jabalpur-Indore Economic Corridor and other industrial hubs, with an initial paid-up capital of ₹100 crore from the state. The Cabinet also approved the Bhavantar Bhugtan Yojana for soybean growers in kharif 2026 under the Centre's PM-AASHA scheme, with registration on the e-Uparjan portal by 17 October and sales at notified mandis from 22 October 2026 to 15 January 2027.
Key facts
- Body
- Madhya Pradesh Cabinet, chaired by CM Mohan Yadav – 15 October 2026
- Total proposals
- About ₹27,050 crore
- New company
- Wholly state-owned company for Jabalpur-Indore Economic Corridor; initial capital ₹100 crore
- Farmers
- Bhavantar Bhugtan Yojana for soybean (kharif 2026) under PM-AASHA
- Registration
- e-Uparjan portal, by 17 October 2026
- Sale window
- 22 October 2026 – 15 January 2027
- Other approvals
- ₹3,076.37 crore irrigation projects; ₹1,697.62 crore National AYUSH Mission
Practice MCQs 2 questions
In October 2026, the Madhya Pradesh Cabinet approved a wholly state-owned company for the development of which economic corridor?
Show answer
Correct answer: D — Jabalpur-Indore Economic Corridor
Under which central scheme did the Madhya Pradesh Cabinet approve the Bhavantar Bhugtan Yojana for soybean growers for kharif 2026?
Show answer
Correct answer: A — PM-AASHA