Karnataka Budget 2018 | Karnataka Budget For Bangalore

CM Siddaramaiah presented the 13^th 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