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मध्यप्रदेश शासन
सत्यमेव जयते
मध्यप्रदेश राजपत्र
(असाधारण )
प्राधिकार से प्रकाशित
क्रमांक 55 ]
भोपाल , गुरुवार , दिनांक 26 फरवरी 2026 - फाल्गुन 7, शक 1947
वित्त विभाग
मंत्रालय , वल्लभ भवन, भोपाल
Bhopal , the 26th February 2026
No. F- 1-1-2025-26 - B - 07 - DMC - IV- 215.-Government of Madhya Pradesh hereby notifies the sale of Madhya Pradesh Government Stock ( Securities ) of 09 - Year tenure for an aggregate amount of Rs . 1800 crore (Nominal ) . The sale will be subject to the terms and conditions spelt out in this notification (called specific notification ) as also the terms and conditions specified in the General Notification No. L- 1-1-2025 - DMC - B - 7 - IV, dated February 04, 2026 of Government of Madhya Pradesh .
Object of the Loan :
1. ( i ) The proceeds of the loan will be utilized for financing productive development programs and projects to be implemented in the State .
(ii ) Consent of Central Government has been obtained to the floatation of this loan as required by Article 293 ( 3 ) of the Constitution of India .
Method of Issue :
2. Government Stock will be sold through the Reserve Bank of India, Mumbai Office ( PDO ) Fort . Mumbai -400 001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. L- 1-1- 2025 -DMC - B - 7 - IV, dated February 04, 2026 at a coupon rate to be determined by the Reserve Bank of India at the yield based auction under multiple price formats,
109 110
मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
Allotment to Non - competitive Bidders :
3. The Government Stock up to 10% of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of 1 % of the notified amount for a single bid as per the Revised Scheme for Non- competitive Bidding Facility in the Auctions of State Government Securities of the General Notification (Annexure- II) .
Place and Date of Auction :
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office , Fort , Mumbai -400 001 on March 02, 2026. Bids for the auction should be submitted in electronic format , on the Reserve Bank of India Core Banking Solution (E - Kuber ) System as stated below on March 02, 2026: - (a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E- Kuber) System between 10.30 A.M. and 11.30 Α.Μ.
(b) The non-competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution ( E- Kuber ) System between 10.30 A.M. and 11.00 A.M.
Result of the Auction :
5. The result of the auction shall be displayed by the Reserve Bank of India on its website on the same day. The payment by successful bidders will be on March 04, 2026 .
Method of Payment :
6. Successful bidders will make payments on March 04, 2026 before close of banking hours by means of cash, bankers ' cheque / pay order , demand draft payable at Reserve Bank of India, Mumbai / Nagpur or a cheque drawn on their account with Reserve Bank of India , Mumbai (Fort) / Nagpur.
Tenure :
7. The Stock will be of 09 - Year tenure . The tenure of the Stock will commence on March 04, 2026 .
Date of Repayment :
8. The loan will be repaid at par on March 04, 2035 .
Rate of Interest :
9. The cut-off yield determined at the auction will be the coupon rate percent per annum on the Stock sold at the auction . The interest will be paid on September 04 and March 04.
Eligibility of Securities :
10. The investment in Government Stock will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio ( SLR ) under section 24 of the Banking Regulation Act, 1949. The Stocks will qualify for the ready forward facility.
By order and in the name of the Governor of Madhya Pradesh ,
RAJEEV RANJAN MEENA , Director Budget .
मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
110 ( 1)
Auction of 09 Year Madhya Pradesh Government Stock ( Securities )
PRESS COMMUNIQUE
No. F- 1-1-2025-26- B - 07 - D.M.C. - IV- 216
Bhopal , the 26th February 2026
(Financial and Budgetary position of the Government of Madhya Pradesh)
Government of Madhya Pradesh has offered to sell the dated securities of 09 Year tenure by auction for an aggregate amount of Rs . 1800 crore, Government of Madhya Pradesh .
Securities will be issued for a minimum nominal amount of Rs . 10,000 and multiples of Rs . 10,000 thereafter. Auction will be conducted by Reserve Bank of India at Mumbai office (Fort ) on March 02, 2026 .
Interested persons may submit bids in the prescribed form obtainable from the Chief General Manager, Reserve Bank of India, Mumbai Office , Fort , Mumbai and submitted in a electronic format dated March 02 , 2026. On the Reserve Bank of India core Banking Solution (E - Kuber ) Systems between 10:30 A.M. and 11:30 A.M.
The yield per cent. per annum expected by the bidder should be expressed up to two decimal points . An investor can submit more than one bid at different rates of yield but a separate application should be submitted for each bid . The aggregate amount of bids submitted by a person should not exceed the notified amount .
The result of auction will be displayed at the offices of Reserve Bank of India, Fort, Mumbai March 04 , 2026. Successful bidders should deposit the price amount of stock covered by their bids by means of a Bankers cheque or Demand Draft payable at RBI , Mumbai ( Fort ) / Nagpur on March 04, 2026 , before the close of banking hours .
The Madhya Pradesh Government stock will bear interest at the rate determined by RBI at the auction. Interest will be paid half yearly on September 04 and March 04. The stock will be governed by the provisions ofPublic Debt Act , 1944 and the rules made there under .
Terms and conditions for issue of Madhya Pradesh Government Securities are contained in Finance Departments Notification No. L- 1-1-2025 - DMC- B - 7 - IV, Bhopal , Dated February 4, 2026 published in the Extraordinary issue. of "Madhya Pradesh Gazette " of the date , Copies of which with the application form are obtainable at the Receiving offices mentioned above .
2. The following review of the financial and budgetary position of the Government of Madhya Pradesh is published for the information of the intending investors .
REVENUE POSITION
The revenue receipts and expenditure on revenue account and the revenue surplus/deficit for the years 2023-24 and 2024-25 are as follows: -
(Rs . In crore)
Accounts
Revised Estimate
2024-2025
2023-2024
234026.05
262009.01 Revenue Receipts
221538.27
260983.10 Revenue Expenditure
(+) 12487.78
(+) 1025.91 Revenue Surplus ( +)/Deficit ( - ) मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
110 (2)
The above figures include expenditure on Revenue Account on development schemes .
DEBT POSITION
The debt position of the Government of Madhya Pradesh as on 31st March , 2025 ( Revised Estimate) was as follows :-
Nature of Debt
Market Loans
Compensation and other Bonds (Including Power Bonds)
Loans from Financial Institution
Loans and Advances from the Central Government
Other Liabilities
Special Securities issued to National Small Savings Fund of the Central Government .
(Rs. In crore)
Amount of Debt as on 31-03-2025 RE
267879.41
5152.44
17190.83
74759.16
14135.07
42623.35
Total Debt : 421740.27
The loans taken from financial institutions ( NABARD , LIC , GIC , NCDC etc. ) have been utilized for creation of permanent assets and strengthening / development of Co - operative institutions .
Loans from the Government of India. These are loans sanctioned by the Government of India from time to time for capital expenditure on productive schemes such as Agriculture Schemes , Irrigation and Power Projects , Community Development Projects etc. and for creation of other permanent assets .
Provident Fund . This comprises the provident fund balance of Government Servants .
Deposits bearing interest . This comprises accumulation in the Fund out of subscription made to it by Government servants under Government Servant Family Benefit Fund Scheme and deposits kept by other institution .
ASSETS OF THE GOVERNMENT
All the loans taken from the Government of India or from other sources have been mainly utilised for development of the State and for the creation of remunerative assets , such as construction of irrigation dams , canals , tanks , wells etc. , improvement of communications , transport service , investment in the share capital of Co -operative Banks and otherCo- operative Societies , for the grant of loans to third parties like cultivators , local bodies etc. , who will repay the loan with interest in instalments and loans to the Power generation , Power transmission and Power distribution Companies of the Energy Department of Madhya Pradesh . Though no actual assessment has been made of the value of the physical assets of the State Government , it can be safely assumed that it far exceeds the State's outstanding liabilities
RAJEEV RANJAN MEENA, Director Budget.
मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
110 (3)
Bhopal , the 26th February 2026
No. F-1-1-2025-26-B - 07- D.M.C. - IV- 217 . Government of Madhya Pradesh hereby notifies the sale of Madhya Pradesh Government Stock ( Securities ) of 13 - Year tenure for an aggregate amount of Rs . 1600 crore (Nominal). The sale will be subject to the terms and conditions spelt out in this notification (called specific notification) as also the terms and conditions specified in the General Notification No. L - 1-1--2025 - DMC - B - 7 - IV, dated February 4, 2026 of Government of Madhya Pradesh.
Object of the Loan :
1. ( i ) The proceeds of the loan will be utilized for financing productive development programs and projects to be implemented in the State.
(ii ) Consent of Central Government has been obtained to the floatation of this loan as required by Article 293 ( 3 ) of the Constitution of India .
Method of Issue :
2. Government Stock will be sold through the Reserve Bank of India, Mumbai Office (PDO ) Fort , Mumbai -400 001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. L - 1-1- 2025 - DMC - B - 7 - IV, dated February 04, 2026 at a coupon rate to be determined by the Reserve Bank of India at the yield based auction under multiple price formats.
Allotment to Non - competitive Bidders :
3. The Government Stock up to 10 % of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of 1 % of the notified amount for a single bid as per the Revised Scheme for Non - competitive Bidding Facility in the Auctions of State Government Securities of the General Notification ( Annexure - II ) .
Place and Date of Auction :
4. The auction will be conducted by the Reserve Bank of India , at its Mumbai Office , Fort , Mumbai -400 001 on March 02 , 2026. Bids for the auction should be submitted in electronic format , on the Reserve Bank of India Core Banking Solution ( E- Kuber ) System as stated below on March 02, 2026 : -
(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E - Kuber ) System between 10:30 A.M. and 11:30 Α.Μ.
(b) The non - competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution ( E - Kuber ) System between 10:30 A.M. and 11:00 A.M.
Result of the Auction :
5. The result of the auction shall be displayed by the Reserve Bank of India on its website on the same day. The payment by successful bidders will be on March 04, 2026 .
Method of Payment :
6. Successful bidders will make payments on March 04 , 2026 before close of banking hours by means of cash , bankers ' cheque / pay order , demand draft payable at Reserve Bank of India Mumbai / Nagpur or a cheque drawn on their account with Reserve Bank of India , Mumbai ( Fort ) / Nagpur .
मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
110 (4)
Tenure :
7. The Stock will be of 13 - Year tenure . The tenure of the Stock will commence on March 04 , 2026.
Date of Repayment :
8. The loan will be repaid at par on March 04, 2039 .
Rate of Interest :
9. The cut- off yield determined at the auction will be the coupon rate percent per annum on the Stock sold at the auction. The interest will be paid on September 04 and March 04.
Eligibility of Securities :
10. The investment in Government Stock will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio ( SLR) under section 24 of the Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility.
By order and in the name of the Governor of Madhya Pradesh , RAJEEV RANJAN MEENA , Director Budget .
Auction of 13 Year Madhya Pradesh Government Stock (Securities )
PRESS COMMUNIQUE
No. F- 1-1-2025-26 - B- 07- D.M.C. - IV - 218
Bhopal , the 26th February 2026
(Financial and Budgetary position of the Government of Madhya Pradesh )
Government of Madhya Pradesh has offered to sell the dated securities of 13 Year tenure by auction for an aggregate amount of Rs . 1600 crore , Government of Madhya Pradesh .
Securities will be issued for a minimum nominal amount of Rs . 10,000 and multiples of Rs . 10,000 thereafter. Auction will be conducted by Reserve Bank of India at Mumbai office ( Fort ) on March 02, 2026 .
Interested persons may submit bids in the prescribed form obtainable from the Chief General Manager , Reserve Bank of India, Mumbai Office , Fort, Mumbai and submitted in a electronic format dated March 02 , 2026. On the Reserve Bank of India core Banking Solution ( E - Kuber ) Systems between 10:30 A.Μ. and 11:30 Α.Μ.
The yield per cent . per annum expected by the bidder should be expressed up to two decimal points . An investor can submit more than one bid at different rates of yield but a separate application should be submitted for each bid. The aggregate amount of bids submitted by a person should not exceed the notified amount .
The result of auction will be displayed at the offices of Reserve Bank of India. Fort , Mumbai March 04, 2026. Successful bidders should deposit the price amount of stock covered by their bids by means of a Bankers cheque or Demand Draft payable at RBI , Mumbai ( Fort ) / Nagpur on March 04, 2026. before the close of banking hours.
110 (5)
मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
The Madhya Pradesh Government stock will bear interest at the rate determined by RBI at the auction . Interest will be paid half yearly on September 04 and March 04. The stock will be governed by the provisions of Public Debt Act , 1944 and the rules made there under .
Terms and conditions for issue of Madhya Pradesh Government Securities are contained in Finance Departments Notification No. L- 1-1-2025 - DMC- B - 7 - IV, Bhopal , Dated February 4, 2026 published in the Extraordinary issue of "Madhya Pradesh Gazette " of the date, Copies of which with the application form are obtainable at the Receiving offices mentioned above .
2. The following review of the financial and budgetary position of the Government of Madhya Pradesh is published for the information of the intending investors .
REVENUE POSITION
The revenue receipts and expenditure on revenue account and the revenue surplus/deficit for the years 2023-24 and 2024-25 are as follows :-
Revenue Receipts
Revenue Expenditure
Revenue Surplus (+ ) /Deficit( - )
(Rs. In crore)
Revised Estimate Accounts
2024-2025 2023-2024
234026.05
262009.01
221538.27
260983.10
(+) 1025.91 (+) 12487.78
The above figures include expenditure on Revenue Account on development schemes .
DEBT POSITION
The debt position of the Government of Madhya Pradesh as on 31 March, 2025 ( Revised Estimate ) was as follows : -
Nature of Debt
Market Loans
Compensation and other Bonds ( Including Power Bonds )
Loans from Financial Institution
Loans and Advances from the Central Government
Other Liabilities
Special Securities issued to National Small Savings Fund of the Central Government .
(Rs. In crore)
Amount of Debt as on
31-03-2025 RE
267879.41
5152.44
17190.83
74759.16
14135.07
42623.35
Total Debt : 421740.27
The loans taken from financial institutions ( NABARD , LIC , GIC , NCDC etc. ) have been utilized for creation of permanent assets and strengthening / development of Co - operative institutions .
मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
110 (6)
Loans from the Government of India . These are loans sanctioned by the Government of India from time to time for capital expenditure on productive schemes such as Agriculture Schemes , Irrigation and Power Projects , Community Development Projects etc. and for creation of other permanent assets .
Provident Fund. This comprises the provident fund balance of Government Servants .
Deposits bearing interest . This comprises accumulation in the Fund out of subscription made to it by Government servants under Government Servant Family Benefit Fund Scheme and deposits kept by other institution.
ASSETS OF THE GOVERNMENT
All the loans taken from the Government of India or from other sources have been mainly utilised for development of the State and for the creation of remunerative assets , such as construction of irrigation dams , canals , tanks , wells etc. , improvement of communications , transport service , investment in the share capital of Co-operative Banks and other Co- operative Societies for the grant of loans to third parties like cultivators , local bodies etc. , who will repay the loan with interest in instalments and loans to the Power generation , Power transmission and Power distribution Companies of the Energy Department of Madhya Pradesh. Though no actual assessment has been made of the value of the physical assets of the State Government , it can be safely assumed that it far exceeds the State's outstanding liabilities .
RAJEEV RANJAN MEENA , Director Budget .
Bhopal, the 26th February 2026
No. F - 1-1-2025-26 - B - 07 - DMC - IV- 219.-Government of Madhya Pradesh hereby notifies the sale of Madhya Pradesh Government Stock (Securities ) of 15 - Year tenure for an aggregate amount of Rs . 1300 crore (Nominal ). The sale will be subject to the terms and conditions spelt out in this notification ( called specific notification ) as also the terms and conditions specified in the General Notification No. L - 1-1-2025 - DMC - B - 7 - IV, dated February 04, 2026 of Government of Madhya Pradesh .
Object of the Loan :
1. (i ) The proceeds of the loan will be utilized for financing productive development programs and projects to be implemented in the State .
(ii ) Consent of Central Government has been obtained to the floatation of this loan as required by Article 293 (3 ) of the Constitution of India .
Method of Issue :
2. Government Stock will be sold through the Reserve Bank of India, Mumbai Office ( PDO ) Fort , Mumbai - 400 001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. L- 1-1- 2025 - DMC - B - 7- IV, dated February 04, 2026 at a coupon rate to be determined by the Reserve Bank of India al the yield based auction under multiple price formats .
Allotment to Non- competitive Bidders :
3. The Government Stock up to 10% of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of 1 % of the notified amount for a single bid as per the Revised Scheme for Non- competitive Bidding Facility in the Auctions of State Government Securities of the General Notification ( Annexure - 11 ) .
मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
110 (7)
Place and Date of Auction :
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office , Fort , Mumbai -400 001 on March 02 , 2026. Bids for the auction should be submitted in electronic format , on the Reserve Bank of India Core Banking Solution (E - Kuber ) System as stated below on March 02, 2026 : - (a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E- Kuber) System between 10.30 A.M. and 11.30 Α.Μ.
(b) The non- competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution ( E - Kuber ) System between 10.30 A.M. and 11,00 A.M.
Result of the Auction :
5. The result of the auction shall be displayed by the Reserve Bank of India on its website on the same day. The payment by successful bidders will be on March 04 , 2026 .
Method of Payment :
6. Successful bidders will make payments on March 04, 2026 before close of banking hours by means of cash, bankers ' cheque / pay order, demand draft payable at Reserve Bank of India Mumbai / Nagpur or a cheque drawn on their account with Reserve Bank of India, Mumbai ( Fort) / Nagpur.
Tenure :
7. The Stock will be of 15- Year tenure . The tenure of the Stock will commence on March 04, 2026 .
Date of Repayment :
8. The loan will be repaid at par on March 04 , 2041 .
Rate of Interest :
9. The cut -off yield determined at the auction will be the coupon rate percent per annum on the Stock sold at the auction . The interest will be paid on September 04 and March 04 .
Eligibility of Securities :
10. The investment in Government Stock will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio ( SLR ) under section 24 of the Banking Regulation Act , 1949. The stocks will qualify for the ready forward facility.
By order and in the name of the Governor of Madhya Pradesh, RAJEEV RANJAN MEENA, Director Budget .
Auction of 15 Year Madhya Pradesh Government Stock ( Securities)
PRESS COMMUNIQUE
No. F - 1-1-2025-26 - B- 07- D.M.C. - IV - 220
Bhopal, the 26th February 2026
(Financial and Budgetary position of the Government of Madhya Pradesh)
Government of Madhya Pradesh has offered to sell the dated securities of 15 Year tenure by auction for an aggregate amount of Rs . 1300 crore, Government of Madhya Pradesh .
Securities will be issued for a minimum nominal amount of Rs . 10,000 and multiples of Rs . 10.000 thereafter. Auction will be conducted by Reserve Bank of India at Mumbai office ( Fort) on March 02 , 2026 .
मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
110 (8)
Interested persons may submit bids in the prescribed form obtainable from the Chief General Manager, Reserve Bank of India, Mumbai Office , Fort , Mumbai and submitted in a electronic format dated March 02 , 2026. On the Reserve Bank of India core Banking Solution (E- Kuber ) Systems between 10.30 A.M. and 11.30 A.Μ.
The yield per cent . per annum expected by the bidder should be expressed up to two decimal points . An investor can submit more than one bid at different rates of yield but a separate application should be submitted for each bid. The aggregate amount of bids submitted by a person should not exceed the notified amount .
The result of auction will be displayed at the offices of Reserve Bank of India, Fort , Mumbai March 04 , 2026. Successful bidders shoulddeposit the price amount of stock covered by their bids by means of a Bankers cheque or Demand Draft payable at RBI , Mumbai (Fort ) / Nagpur on March 04, 2026. before the close of banking hours .
The Madhya Pradesh Government stock will bear interest at the rate determined by RBI at the auction . Interest will be paid half yearly on September 04 and March 04. The stock will be governed by the provisions ofPublic Debt Act , 1944 and the rules made there under .
Terms and conditions for issue of Madhya Pradesh Government Securities are contained in Finance Departments Notification No.L - 1-1-2025 -DMC- B - 7 - IV, Bhopal , dated February 04, 2026 published in the Extraordinary issue of "Madhya Pradesh Gazette " of the date , Copies of which with the application form are obtainable at the Receiving offices mentioned above .
2. The following review of the financial and budgetary position of the Government of Madhya Pradesh is published for the information of the intending investors .
REVENUE POSITION
The revenue receipts and expenditure on revenue account and the revenue surplus/deficit for the years 2023-24 and 2024-25 are as follows :-
(Rs . In crore )
Revised Estimate
Accounts
2024-2025
2023-2024
262009.01
234026.05
Revenue Receipts
260983.10
221538.27
Revenue Expenditure
(+) 1025.91
(+) 12487.78
Revenue Surplus ( + )/Deficit ( - )
The above figures include expenditure on Revenue Account on development schemes .
DEBT POSITION
The debt position of the Government of Madhya Pradesh as on 31st March , 2025 ( Revised Estimate) was as follows: -
(Rs . In crore )
Amount of Debt as on Nature of Debt
31-03-2025 RE (2) (1)
267879.41 Market Loans
5152.44 Compensation and other Bonds ( Including Power Bonds )
17190.83 Loans from Financial Institution मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
110 (9)
(2) (1)
74759.16 Loans and Advances from the Central Government
14135.07 Other Liabilities
42623.35 Special Securities issued to National Small Savings
Fund of the Central Government .
Total Debt : 421740.27
The loans taken from financial institutions (NABARD , LIC , GIC , NCDCetc. ) have been utilized for creation of permanent assets and strengthening / development of Co - operative institutions .
Loans from the Government of India . These are loans sanctioned by the Government of India from time to time for capital expenditure on productive schemes such as Agriculture Schemes , Irrigation and Power Projects , Community Development Projects etc. and for creation of other permanent assets .
Provident Fund . This comprises the provident fund balance of Government Servants .
Deposits bearing interest. This comprises accumulation in the Fund out of subscription made to it by Government servants under Government Servant Family Benefit Fund Scheme and deposits kept by other institution.
ASSETS OF THE GOVERNMENT
All the loans taken from the Government of India or from other sources have been mainly utilised for development of the State and for the creation of remunerative assets , such as construction of irrigation dams , canals , tanks , wells etc. , improvement of communications , transport service , investment in the share capital of Co- operative Banks and other Co- operative Societies for the grant of loans to third parties like cultivators , local bodies etc. , who will repay the loan with interest in instalments and loans to the Power generation , Power transmission and Power distribution Companies of the Energy Department of Madhya Pradesh . Though no actual assessment has been made of the value of the physical assets of the State Government, it can be safely assumed that it far exceeds the State's outstanding liabilities .
RAJEEV RANJAN MEENA , Director Budget .
Bhopal , the 26th February 2026
No. F - 1-1-2025-26 -B - 07 -DMC- IV- 221 . Government of Madhya Pradesh hereby notifies the Re- issue of 7.72 % Madhya Pradesh SGS 2049 , issued on February 18 , 2026 for an aggregate amount of Rs . 1600 crore (Nominal) . The sale will be subject to the terms and conditions spelt out in this notification (called specific notification ) as also the terms and conditions specified in the General Notification No. L- 1-1--2025 - DMC - B - 7 - IV, dated February 04, 2026 of Government of Madhya Pradesh.
Object of the Loan :
1. (i ) The proceeds of the loan will be utilized for financing productive development programs and projects tobe implemented in the State .
(ii ) Consent of Central Government has been obtained to the floatation of this loan as required by Article 293(3 ) of the Constitution of India .
Method of Issue :
2. Government Stock will be sold through the Reserve Bank of India , Mumbai Office ( PDO ) Fort , मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
110 (10)
Mumbai -400 001 by auction in the manner as prescribed in paragraph 6.1 of the General Notification No. L - 1-1- 2025 -DMC- B -7 - IV, dated February 04, 2026 at a coupon rate to be determined by the Reserve Bank of India at the Price based auction under multiple price formats .
Allotment to Non- competitive Bidders :
3. The Government Stock up to 10% of the notified amount of the sale will be allotted to eligible individuals and institutions subject to a maximum limit of 1 % of the notified amount for a single bid as per the Revised Scheme for Non - competitive Bidding Facility in the Auctions of State Government Securities of the General Notification (Annexure - II) .
Place and Date of Auction :
4. The auction will be conducted by the Reserve Bank of India, at its Mumbai Office , Fort , Mumbai - 400 001 on March 02, 2026. Bids for the auction should be submitted in electronic format, on the Reserve Bank of India Core Banking Solution (E - Kuber ) System as stated below on March 02, 2026 .
(a) The competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution (E - Kuber ) System between 10.30 A.M. and 11.30 Α.Μ.
(b) The non - competitive bids shall be submitted electronically on the Reserve Bank of India Core Banking Solution ( E - Kuber ) System between 10.30 A.M. and 11.00 A.M.
Result of the Auction :
5. The result of the auction shall be displayed by the Reserve Bank of India on its website on the same day. The payment by successful bidders will be on March 04, 2026 .
Method of Payment :
6. Successful bidders will make payments on March 04, 2026 before close of banking hours by means of cash, bankers ' cheque / pay order , demand draft payable at Reserve Bank of India Mumbai / Nagpur or a cheque drawn on their account with Reserve Bank of India, Mumbai (Fort) / Nagpur .
Tenure :
7. The Stock will be of 23 - Year tenure. The tenure of the Stock will commence on February 18 , 2026 .
Date of Repayment :
8. The loan will be repaid at par on February 18, 2049 .
Rate of Interest :
9. Interest at the rate of 7.72 % per annum will accrue on the nominal value of the stock from the date of original issue date and will be paid half yearly on August 18 and Februaгу 18 .
Eligibility of Securities :
10. The investment in Government Stock will be reckoned as an eligible investment in Government Securities by banks for the purpose of Statutory Liquidity Ratio ( SLR ) under section 24 of the Banking Regulation Act, 1949. The stocks will qualify for the ready forward facility.
By order and in the name of the Governor of Madhya Pradesh , RAJEEV RANJAN MEENA , Director Budget .
110 (11)
मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
Auction of 23 Year Madhya Pradesh Government Stock ( Securities )
PRESS COMMUNIQUE
No. F - 1-1-2025-26- B- 07- D.M.C. - IV- 222
Bhopal , the 26th February 2026
(Financial and Budgetary position of the Government of Madhya Pradesh )
Government of Madhya Pradesh has offered to sell the dated securities of 23 Year tenure by auction for an aggregate amount of Rs . 1600 crore , Government of Madhya Pradesh.
Securities will be issued for a minimum nominal amount of Rs . 10,000 and multiples of Rs . 10,000 thereafter. Auction will be conducted by Reserve Bank of India at Mumbai office (Fort ) on March 02, 2026 .
Interested persons may submit bids in the prescribed form obtainable from the Chief General Manager , Reserve Bank of India, Mumbai Office , Fort , Mumbai and submitted in a electronic format dated March 02 , 2026. On the Reserve Bank of India core Banking Solution (E - Kuber ) Systems between 10.30 Λ.Μ. and 11.30 A.Μ.
The yield per cent . per annum expected by the bidder should be expressed up to two decimal points . An investor can submit more than one bid at different rates of yield but a separate application should be submitted for each bid. The aggregate amount of bids submitted by a person should not exceed the notified amount .
The result of auction will be displayed at the offices of Reserve Bank of India, Fort, Mumbai March 04, 2026. Successful bidders should deposit the price amount of stock covered by their bids by means of a Bankers cheque or Demand Draft payable at RBI , Mumbai (Fort ) / Nagpur on March 04, 2026. before the close of banking hours .
The Government of Madhya Pradesh stock shall bear interest at the rate of 7.72 % per annum, which shall accrue on the nominal value of the Stock from the date of its original issue . Interest will be paid half yearly on August 18 and February 18. The stock will be governed by the provisions of Public Debt Act , 1944 and the rules made there under.
Terms and conditions for issue of Madhya Pradesh Government Securities are contained in Finance Departments Notification No.L- 1-1-2025 - DMC- B-7- IV, Bhopal , dated February 04, 2026 published in the Extraordinary issue of "Madhya Pradesh Gazette " of the date , Copies of which with the application form are obtainable at the Receiving offices mentioned above.
2. The following review of the financial and budgetary position of the Government of Madhya Pradesh is published for the information of the intending investors .
REVENUE POSITION
The revenue receipts and expenditure on revenue account and the revenue surplus /deficit for the years 2023-24 and 2024-25 are as follows : -
(Rs . In crore )
Accounts
Revised Estimate
2024-2025
2023-2024
262009.01
234026.05
Revenue Receipts
221538.27
260983.10 Revenue Expenditure
(+) 1025.91
(+) 12487.78
Revenue Surplus ( + )/Deficit ( - )
The above figures include expenditure on Revenue Account on development schemes , मध्यप्रदेश राजपत्र, दिनांक 26 फरवरी 2026
110 (12)
DEBT POSITION
The debt position of the Government of Madhya Pradesh as on 31st March , 2025 ( Revised Estimate) was as follows : -
Nature of Debt
(1)
Market Loans
Compensation and other Bonds ( Including Power Bonds )
Loans from Financial Institution
Loans and Advances from the Central Government
Other Liabilities
Special Securities issued to National Small Savings Fund of the Central Government .
(Rs . In crore)
Amount of Debt as on 31-03-2025 RE (2)
267879.41
5152.44
17190.83
74759.16
14135.07
42623.35
Total Debt : 421740.27
The loans taken from financial institutions ( NABARD , LIC , GIC , NCDC etc. ) have been utilized for creation of permanent assets and strengthening / development of Co - operative institutions .
Loans from the Government of India . These are loans sanctioned by the Government of India from time to time for capital expenditure on productive schemes such as Agriculture Schemes , Irrigation and Power Projects , Community Development Projects etc. and for creation of other permanent assets .
Provident Fund. This comprises the provident fund balance of Government Servants .
Deposits bearing interest. This comprises accumulation in the Fund out of subscription made to it by Government servants under Government Servant Family Benefit Fund Scheme and deposits kept by other institution .
ASSETS OF THE GOVERNMENT
All the loans taken from the Government of India or from other sources have been mainly utilised for development of the State and for the creation of remunerative assets , such as construction of irrigation dams , canals , tanks , wells etc. , improvement of communications , transport service , investment in the share capital of Co-operative Banks and other Co- operative Societies for the grant of loans to third parties like cultivators , local bodies etc. , who will repay the loan with interest in instalments and loans to the Power generation , Power transmission and Power distribution Companies of the Energy Department of Madhya Pradesh . Though no actual assessment has been made of the value of the physical assets of the State Government, it can be safely assumed that it far exceeds the State's outstanding liabilities .
RAJEEV RANJAN MEENA , Director Budget.
नियंत्रक, शासकीय मुद्रण तथा लेखन सामग्री, मध्यप्रदेश द्वारा शासकीय केन्द्रीय मुद्रणालय, भोपाल से मुद्रित तथा प्रकाशित- 2026