Karnataka Chief Minister Basavaraj Bommai on Friday presented his government’s last Budget with an outlay of Rs 3.09 lakh crore.
Despite a bumper collection in stamp duty, excise duty and revenue, the Chief Minister resisted a populist budget and instead focused on increasing allocation to existing schemes.
What stands out in Bommai’s Budget
The Budget announced an increase in interest-free short term loans to farmers from Rs 3 lakh to Rs 5 lakh. Additionally, Rs 25,000 crore will be distributed to more than 30 lakh farmers in the state.
Rs 10,000 crore has been earmarked for additional subsidy for Kisan credit holders. Moreover, life insurance will be provided to 56 lakh small and marginal farmers. Rs 500 per month will be provided to landless women farm labourers.
The government has also set aside Rs 1000 crore for the Mahadayi river project.
All major syllabus and reference books will be translated to Kannada to enable people to write exams in the regional language for all professionals courses.
All school and college-going girl students will be given a free bus pass.
The government will start IVF clinics in four locations, the CM announced in the Budget on Friday.
The government has allocated Rs 30,215 crore under the SC-ST subplan this year. Rs 375 crore will be allocated to various mutts belonging to backward classes communities while Rs 596 crore will be set aside for development corporations of various backward classes.
Allocation to Kalyan Karnataka region has been increased to Rs 5000 crore as well.
A Start-up park near Bengaluru airport will be set up at a cost of Rs 30 crore, as per the Budget announcement.
Professional tax exemption limit has increased from Rs 15,000 to Rs 25,000 as well.
Further, the government will spend Rs 50 crore on new vehicles.
What Bengaluru Gets
Overall, a grant of Rs 9,698 crore has been allocated for Bengaluru. A five km elevated road from Tin Factory to Medahalli will be constructed at a cost of Rs 350 crore. An integrated flyover from Yeshwanthpur railway station to Mathikere and BRL road will also be constructed.
An additional 120 km of roads will be white topped at a cost of Rs 1000 crore. Rs 300 crore to repair roads in 110 villages have been added to the BBMP.
The city will also get 2000 new police posts.
Temple Push
Karnataka will get a Ram Mandir, which will be built at Ramdevara Betta in Ramanagara.
Additionally, Rs 1000 crore has been earmarked for renovation of various temples and mutts over the next two years.
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