Karnataka Budget 2018 – Key Takeaways That You Should Know

By / / Government

CM Siddaramaiah presented the 13th state budget and here is a list of major takeaways of the same. The primary focus of the budget was employment generation and farmer support. Below are the major points of Karnataka budget 2018.

K siddaramaiah, chief minister of karnataka, Karnataka Budget 2018

Karnataka Budget 2018 – Agriculture

  • INR 5,849 crore allocated to agriculture sector (INR 845 crore fund comes from the Karnataka Raitha Surkasha Pradhan Mantri Fasal Bhima Yojana)
  • INR 50 Cores for organic farming
  • Setting up of an agriculture college at Chamrajanagar district.
  • “Raita Belaku” – a 3,500 Crores scheme to enable dry land farmers across the state
  • Farm loan waiver to the tune of Rs 1 lakh from cooperative banks in case of farmer death

Karnataka Budget 2018 – What is in it for Bangalore?

INR 2500 crore package for was announced for Bangalore in Karnataka budget 2018. The amount will be spent on lake development.

  • Creating 14 roads which can facilitate better connectivity to ITPL
  • Development of 100 km of existing major roads
  • Adding up to 250 km length of footpaths of different roads
  • Development of roads in 110 villages that added to the corporation limit recently
  • Multi-storied parking near Jayanagar Complex and at Gandhi bazar,
  • INR 50 crore for the up keeping  of Bellandur Lake
  • Sanctioned at a cost of Rs 935 crore for the development of a  business park close to the International Airport – the Bengaluru Signature Business Park.
  • INR 340 crore for the renovation of the Tippagondanahalli and Hesaraghatta reservoirs

Allocation for Namma Metro and Suburban Rail Network 

  • Commissioned 105.55 km phase 3rd of Namma Metro
  • The proposed lines will ply between:
    • JP and KR Puram via Hebbal
    • Toll Gate to Kadabagere
    • Gottigere to Basavapura
    • RK Hegde Nagar to Aerospace Park
    • Kogilu Cross to Rajanakaunte
    • Bommasandra to Attibele and Ibaluru to Karmalram
  • Rs 384 crore allocated for the first phase of the suburban rail network
  • Rs 100 crore to establish a high-security branch in the Parappana Agrahara Central Prison.

Karnataka Budget 2018- Healthcare

  • A total of 2.177 Crores allocated for medical education (8.6 increase from last years allocation)
  • Bangalore Medical College will get 1000 additional bed ward
  • Arogya Karnataka Yojane will be launched by February end.

Allocation for Other Key Areas  

  • Installation of CCTV cameras at all government schools
  • Loans for fishermen and women – INR 50000 at 0% interest
  • Wage revision – nearly 5.9 lakh government employees and pensioners will benefit
  • INR 7.5 crore for modernization of 75 sheep/goat markets
  • An outlay of INR 247 crore for the development BT, IT, Science and Technology sector
  • INR 3 Crores for the establishment of a mini 3-D planetarium in Belagavi
  • Setting up of Karnataka Innovation Authority to encourage innovations in various segments.
  • marriage assistance for the children of devadasi – INR 5 lakh for the girl child and INR 3 lakh for the male child
  • Proposed Karnataka Sports University under PPP model
  • Incentive of INR 5 lakh for a Scheduled Caste girl marrying a boy from another caste and INR 3 lakh for an SC boy marrying a girl from any other caste
  • 25% reservation for backward and minority students in SC/ST post-matric hostels

Also See

Karnataka Budget

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