Mutual fund industry growing rapidly under PM’s leadership: Dr Yadav

 

Minister Dr Mohan Yadav, addressing the two-day Mutual Fund Distributors’ Investment Conclave held in Indore, stated that the country is progressing rapidly under the leadership of Prime Minister Narendra Modi. The mutual fund industry has also witnessed substantial growth, with investments increasing from Rs 10 lakh crore to over Rs 68 lakh crore. In the State, investments in mutual funds have reached 1.25 lakh crore, reflecting the development achieved here. Dr Yadav highlighted that the state government’s budget is Rs 3.25 lakh crore, and efforts are underway to raise it to Rs 7 lakh crore. He emphasised that the government is focusing on reducing unnecessary expenses while increasing income.

 

The state and the country are moving forward with ambitious goals across all sectors. Dr. Yadav also noted that systems have undergone revolutionary changes in this changing era. Regarding the power sector, Dr. Yadav informed that the state is making special efforts to make farmers self-reliant through solar energy pumps. This initiative will result in significant savings on the state’s electricity expenditure. He also mentioned that in 2003, there were only 5 medical colleges in the state, whereas today, there are 30 medical colleges with 5,000 seats. The state government is working towards establishing 52 medical colleges in the coming years. Dr. Yadav further spoke about the ‘Nadi Jodo’ (River Linking) project, with a focus on two major river-linking initiatives in the state.

 

These projects will increase the irrigation area from 45 lakh hectares to one crore hectares, benefiting not only agriculture but also industries. The expansion of the irrigation area will create more employment opportunities, boosting development. He expressed confidence that the discussions at the Mutual Fund Investment Conclave would lead to new and positive outcomes for the future. The event was attended by several prominent figures, including State Water Resources Minister Tulsi Ram Silawat, MLAs Golu Shukla, Gaurav Randive, Central India Chairman of Mutual Fund Association Rajesh Koolwal, Abhilash Jain, Amit Maheshwari, Pramod Saraf, along with a large number of mutual fund distributors from across the country.