The correct answer is D) All of the above.
The Madhya Pradesh budget is allocated towards a variety of sectors, including social welfare, infrastructure development, and debt servicing. In the 2022-23 budget, social welfare schemes received the largest allocation, followed by infrastructure development and debt servicing.
Social welfare schemes are designed to provide assistance to the poor and vulnerable sections of society. Some of the major social welfare schemes in Madhya Pradesh include the Indira Gandhi National Old Age Pension Scheme, the Mukhyamantri Kanyadan Yojana, and the Pradhan Mantri Jan Dhan Yojana.
Infrastructure development is essential for the economic growth of a state. Some of the major infrastructure projects in Madhya Pradesh include the Bhopal-Ujjain Expressway, the Indore-Mumbai Expressway, and the Jabalpur-Raipur Expressway.
Debt servicing is the process of repaying loans that a government has taken. The government of Madhya Pradesh has taken loans from a variety of sources, including the World Bank, the Asian Development Bank, and the International Monetary Fund.
The allocation of funds in the Madhya Pradesh budget is based on the priorities of the government. The government has identified social welfare, infrastructure development, and debt servicing as key priorities. The allocation of funds to these sectors is likely to continue in the future.