MP to set up Training & Research Institute to enhance financial discipline, transparency

Bhopal / The Madhya Pradesh Cabinet, chaired by Chief Minister Mohan Yadav, on Tuesday cleared the establishment of a Financial Training and Research Institute (FTRI) in Bhopal to boost transparency and financial discipline. It approved an outlay of Rs 16,720 crore for key development and welfare initiatives across the state.

The proposed state-of-the-art FTRI is expected to enhance transparency and enforce financial discipline in government functioning by providing structured, standardised training to personnel involved in financial administration and management, an official said.

The FTRI will be established within the campus of the RCVP Noronha Academy of Administration and Management. It will serve as a centralised hub for capacity building, integrating existing training mechanisms into a unified state-level system.

The institute would not impose any significant additional financial burden on the state, with an estimated cost of around Rs 26 crore over three years for its establishment and operations.

The Cabinet also approved major allocations across sectors to drive inclusive growth, including Rs 3,174 crore for procurement of chickpeas and lentils, Rs 88.41 crore for an irrigation project, Rs 5,215 crore for forest reproduction, restoration, and conservation, and Rs 2,952 crore for the commercial tax department. In education, Rs 3,039 crore was sanctioned for tuition fee reimbursement under RTE, Rs 693 crore for free textbooks, and Rs 940 crore for the expansion of PM-SHRI schools, and around Rs 600 crore for other schemes and projects. The meeting was attended by Deputy CMs Jagdish Devda and Rajendra Shukla, Cabinet members including Kailash Vijayvargiya, and Chief Secretary Anurag Jain.