*Chhattisgarh Growth and Stability Fund Bill 2025 Passed Unanimously in Assembly*
*A significant step towards long-term financial stability and sustainable development of the state*
Raipur, July 18, 2025/ Today in the Chhattisgarh Legislative Assembly, the Chhattisgarh Growth and Stability Fund Bill 2025 was passed unanimously to ensure the state’s economic stability and sustainable development. This bill was presented by the state’s Finance Minister, Shri O.P. Choudhary. He gave detailed information about the objectives, provisions and benefits of the bill.
Presenting the bill, Finance Minister Shri Choudhary said that in line with Prime Minister Shri Narendra Modi’s vision of Viksit Bharat 2047, the Chhattisgarh government has prepared the Chhattisgarh Anjor Vision 2047 document, under which solid initiatives are being taken towards making the state developed and self-reliant. In this series, this special fund is being established keeping in mind the long-term financial needs of the state.
The Finance Minister said that there has been a continuous increase in the income from mineral resources in the state. From the year 2001-02 to 2024-25, the mineral revenue 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 2.45 rupees and a long-term benefit of 3.14 rupees to the economy. With this perspective, this fund will help in strengthening the state’s capital expenditure.
*Key Provisions and Benefits of the Fund*
The Finance Minister informed that this fund will invest a minimum of 1 percent and a maximum of 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 can be done only in 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*
Shri O.P. Choudhary said that Chhattisgarh, which is creating such a fund, is probably the first state in the country. In the main budget 2025-26, a provision of Rs 50 crore has been made for this fund. Along with this, he also informed that the state government is also using the District Mineral Trust Fund extensively, through which health and education infrastructure is being constructed in many districts including Dantewada Medical College.