He was 74.
The Congress leader, a three-time MLA, is survived by wife, four sons and a daughter, they said.
He was elected from the Kolaras assembly seat in Shivpuri district three times - in 1980, 1985 and 1998.
The schoolteacher-turned-politician served as the education minister in the Cabinet in 1980s, they said.
Bedia quit his job as a teacher in a government school and jumped into electoral politics on the advice of Congress leader late Madhavrao Scindia, the sources said.