Chhattisgarh Moves to List State Power Firm on Bourses, Overhauls Krishak Unnati Yojana

The Chhattisgarh Cabinet on Tuesday approved the listing of the state-run Chhattisgarh State Power Transmission Company Limited (CSPTCL) on the stock exchange through an Initial Public Offering (IPO), marking a significant step in the state's efforts to strengthen public sector enterprises and attract investment. The decision was taken during a Cabinet meeting chaired by Chief Minister Vishnu Deo Sai at the Mahanadi Mantralaya Bhawan in Nava Raipur Atal Nagar.

Officials said the proposed stock market listing is expected to improve CSPTCL's financial capabilities and operational efficiency while enhancing transparency and corporate governance standards. The move is also aimed at enabling the power transmission utility to raise capital for future infrastructure development and expansion projects. Detailed procedures related to the IPO are expected to be worked out in the coming months.

Alongside the IPO proposal, the Cabinet approved a revamped version of the Krishak Unnati Yojana for the 2026 kharif season. The revised scheme seeks to encourage farmers to diversify beyond paddy cultivation and adopt alternative crops that may offer better sustainability, reduced water consumption, and improved income opportunities. The government believes crop diversification is essential for strengthening the agricultural sector and reducing dependence on a single crop.

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Under the modified program, incentives will be provided to farmers who choose to cultivate alternative kharif crops instead of paddy. Officials said the initiative aligns with the state's broader agricultural strategy of promoting balanced farming practices and improving long-term productivity. The scheme is also expected to support soil health and reduce risks associated with fluctuating paddy yields and market conditions.

The Cabinet's decisions reflect the state's dual focus on economic growth and agricultural development. While the CSPTCL listing is designed to unlock investment opportunities and modernize a key public utility, the revised farmer welfare program aims to address challenges faced by the agriculture sector through targeted incentives and policy support.

The meeting chaired by Chief Minister Vishnu Deo Sai considered several proposals related to governance, infrastructure, and rural development. Officials said the approved measures are intended to boost economic activity, strengthen public institutions, and improve livelihoods across the state. Further details regarding the implementation of both the IPO process and the revised Krishak Unnati Yojana are expected to be announced by the government in the coming weeks.

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