MP Introduces Temple Bonds

The Madhya Pradesh government has taken a unique step by introducing 'Temple Bonds', a financial instrument that will allow investors to lend money to the state, with the promise of repayment from the revenues generated by the Ujjain pilgrimage. This move is expected to provide a new source of funding for the state's development projects. The Ujjain pilgrimage is a significant religious event in India, attracting millions of devotees every year. The state government plans to utilize the revenues generated from this event to repay the investors who purchase these bonds.