Karnataka Chief Minister BS Yediyurappa on Thursday presented his first full budget ( FY 2020-21) since coming into power following the collapse of the Congress-JD(S) coalition government last year.
From allocating Rs 9,000 crore for farmers’ to Kissan credit card, BSY had lots to offer in the budget session. Here are the important takeaways of Karnataka Budget 2020.
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Key Takeaways
- Major irrigation projects with the Centre notifying the Mahadayi inter-state water tribunal award on February 27 following the Supreme Court’s directive on February 20.
- Allotment of Rs 500 crore for Kalasa Banduri Project to supply drinking water to the four-drought prone districts in Karnataka’s north-west region.
- Revision of Anna Bhagya scheme that provides free 7 kg rice to every member of a below poverty line.
- Door-to-door delivery of fertilizers
- Horticulture sector to be considered an industry.
- Rs 27,000 crore allocated to elevated corridor project in Bengaluru.
- Rs 1,000 crore to develop more than 100 villages under the BBMP limits.
- Rs 2600 crore for Pradhan Mantri Kisan Samman Yojana
- Rs 900 crore for the implementation of Fasal Bima Yojana
- Rs 2 crore for Mahila Meenugarike Sabalikarana Yojana
- Film City of ‘global standards’ in Bengaluru soon, Rs 500 crore allocated.
- Rs 66 crore allocated to raise Kempegowda statue in Bengaluru airport
- Bhagya Lakshmi, bicycle schemes to continue
- Rs 8,344 crore allocated towards the development of the city, introduced ‘Mukhyamantrigala Nava Nagaroththana’.
- Increase in petrol and diesel price by Rs 1.60 and Rs 1.59 per liter, respectively.
- Twin towers building with 25 floors to be constructed in Bengaluru
- Rs 25 crore for Vishwakarma Development Board
- Rs 10 crore for Arya Vaishya Development Board
- Subsidy for Auto driver children’s education. Govt. will offer up to Rs 2,000 to every auto driver family for education of the children per year.
- Karnataka government plans to set-up two textile parks, one at Shiggaon in Haveri district and another at Karkala in Udupi district.
- Rs 100 crore to Bengaluru Metropolitan Transport Corporation (BMTC) to buy electric buses
- Rs 500 crore to commence work on suburban rail service in Bengaluru
