• As per instructions received from RBI, all State Head of the banks, please ensure that coins of all denominations are freely accepted at all branches.        |

9, Arera Hills, Central Bank of India,
Zonal Office, Bhopal

1800 233 4035
smslbc@centralbank.co.in

Economy

Madhya Pradeshis the second richest state in terms of its mineral resources. Primarily, it has an agricultural and pastoral economy. Industrial development is primarily concentrated in Indore, Bhopal, Gwalior and Jabalpur districts. Large industries are established at Pithampur in Indore, Malanpur in Gwalior & Mandideep in Bhopal. Power sector plays a crucial role in enhancing the growth of all social and economic sectors of economy .Total installed capacity of power in the State was 13398 MW as on November 2014.

A large part of the mineral production of India is contributed by Madhya Pradesh. Big reserves of Manganese are found in Balaghat and Chhindwara districts. The state also produces about 45% of Bauxite in India with Jabalpur, Mandla, Shahdol, Satna and Rewa being the important Bauxite producing centers. Iron ore deposits are found in Balaghat, Jabalpur and Mandla districts. The State of Madhya Pradesh also has rich reserves of coal in the northeastern and Satpura regions. The state has the distinction of being the only diamonds producing state in India, with production in Panna and Chhatishgarh districts.

Over 30% of the State's total area is enveloped by the forest. The eastern districts of Balaghat, Mandla, Shahdol, Sidhi have dense forest cover. The abundantly found trees include Teak, Sal, Bamboo and Tendu. Agriculture is the main occupation of villagers, Wheat, Soybean and Jowar (Sorghum) are the main Crops. Paddy and Coarse Millets are also sown in large parts. Pulses, Cereals and Groundnut are also grown. Important among the cash crops are Cotton, Sugarcane and Oil Seeds. Mandsaur is the largest opium producing district in the country.



The irrigation of land is mostly dependent on major rivers like Narmada, Chambal, Tapti, Betwa, Sone, Shipra, Kali Sindh and Tava. The Chambal valley and the Narmada valley offer good potential for hydroelectric power generation. Besides Thermal and Hydro power generation, numerous other conventional and non-conventional power projects are in place or in the stages of progress. Road density is increasing continuously with present road length being over 80 thousand kms. Communications are well developed.

Rail route connecting different parts of India passes through Madhya Pradesh. Major airports link all major cities like Delhi, Mumbai, Varanasi, Nagpur, Bengaluru, Hyderabad, Chennai etc. Telephone and cellular service provider BSNL and other private operators are operational; internet access is easy across the state. The big industries are mostly in districts of Indore, Bhopal, Gwalior and Jabalpur. Cement, sugar, paper, textile, steel, soya, vehicles and medicine are the major industries today. BHEL in Bhopal, Government Ordnance Factory Jabalpur, Currency Printing Press at Dewas, Alkaloid Factory at Neemuch, Rail Coach Factory Bhopal are notable Central Government managed organisations. Mineral development, industries based on agricultural and forest produce continue to be the mainstay of industrial production in the state.

Madhya Pradesh has enormous potential and resources to become a major tourism destination. Numerous monuments of historical, archaeological, architectural and pilgrimage importance spot the state.

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