Kumar Bahukhandi
Chhattisgarh Chief Minister Vishnu Deo Sai (R) and Finance Minister O P Choudhary (Representational Image)
An important step towards long-term financial stability and sustainable development of the state
Raipur: Chhattisgarh Growth and Stability Fund Bill 2025 was passed unanimously in the Chhattisgarh Legislative Assembly on Friday July 18, 2025 to ensure economic stability and sustainable development of the state. This bill was presented by the State Finance Minister OP Choudhary. He gave detailed information about the objectives, provisions and benefits of the bill.
While presenting the bill, Finance Minister Choudhary said that in line with the resolution of Prime Minister Narendra Modi for Developed India 2047, the Chhattisgarh Government has prepared the Chhattisgarh Anjor Vision 2047 document, under which concrete initiatives are being taken to make the state developed and self-reliant. In this episode, this special fund is being established keeping in mind the financial long-term needs of the state.
The Finance Minister said that there has been a steady increase in the income from mineral resources in the state. During the year 2001-02 to 2024-25, mineral revenue has increased by more than 30 times. At the same time, capital expenditure has also increased by about 43 times. In the year 2024-25, capital expenditure increased by 38 percent as compared to the previous year and by 19 percent in the year 2023-24. He said that capital expenditure gives a multiplier effect to the economy, due to which an investment of one rupee gives an immediate benefit of Rs 2.45 and in the long term Rs 3.14 to the economy. From this point of view, this fund will be helpful in strengthening the capital expenditure of the state.
Key provisions and benefits of the fund
The Finance Minister said that this fund will make arrangements for investment of minimum 1 percent and maximum 5 percent of the annual revenue received from mineral resources. The dividend received from the fund will be reinvested in the fund. This fund will be used only for capital expenditure. Withdrawal from the principal amount will be allowed only under special circumstances, that too up to a maximum of 10 percent in a financial year.
Detailed rules will be made to ensure transparency and accountability of the fund, which will clearly determine fund management, investment process and permissible investment instruments.
Historic initiative for the state
Finance Minister OP Choudhary said that Chhattisgarh is probably the first state in the country to create such a fund. A provision of Rs 50 crore has been made for this fund in the main budget 2025-26. Along with this, he also informed that the District Mineral Trust Fund is also being used extensively by the state government, through which health and education infrastructure is being built in many districts including a medical college in Dantewada.
