Karnataka Budget 2018-19 Highlights

Karnataka assembly

Just before Karnataka Assembly Election 2018, Karnataka Chief Minister Siddharamaiah has put forth his 13th Karnataka Budget on Friday. In this regard, Agriculture and Education sector received the estimated budget of Rs.2 lac crore and Urban Development received Rs.17,196 crore by focusing Bengaluru.

All the highlights of Karnataka Budget 2018-19

  • The Gross State Domestic Product has grown at 8.5% rate in 2017-18 when compared to 7.5% rate during 2016-17.
  • An increase in monthly pension to the former state, national, and international persons has risen from Rs.750 to Rs.1000, from Rs 1000 to Rs 1500 and Rs 1500 to Rs 2000 respectively. Whereas, to the wrestlers, the pension increased to Rs.2500, Rs.3000, and Rs.4000.
  • The industrial investment magnetized Karnataka for the second year successfully.
  • The journalists now have a health insurance up to Rs.5 lac in case of untimely death of journalists while on duty from ‘Madhyama Sanjeevini’.
  • To ensure the newspaper distributors welfare, ‘Kshema Nidhi’ will be established at Rs.2 crore.
  • Also, protecting wildlife species is a great achievement for Karnataka. Due to this, Karnataka stands first in the country with the more number of elephants, tigers,  lion-tailed macaques, and panthers. Moreover, it has 6072 elephants, 407 tigers, 2,700 panthers, and deer counting in large numbers. In Karnataka, the tiger number was 300 as per 2010 census and now it has increased to 407 as per 2014 Census.
  • The government, indeed, taking the steps to conserve wildlife and has increased the forest area to 1,42,500 hectares.
  • If the principal amount cleared in one installment, there will be no penalties on property taxes for industries in industrial areas and townships.
  • The Gross enrollment stands higher than the national average at 26.4.
  • The University of Mysuru will set up a Basava Study Center and Kuvempu University’s PG center will be established in Chikkamagaluru.
  • In order to beat the pollution, air quality stations will increase their number.
  • In the South of Karnataka, under Paschimavahini scheme, a vented dam will shoot up.
  • Bengaluru gets a package of Rs.2500 crore

Mahastabhisheka to held in 2018 after 12 years in Karnataka

Government Schemes

  • Under free gas connection project, the state will have two refills and twin burner stove for 30 lac beneficiaries.
  • Under PPP model, Karnataka will set up Karnataka Sports University.
  • About 3 lac incentive for an SC boy marrying any caste girl and Rs.5 lac for an SC girl marrying any boy of any caste.
  • In the post-matric hostels, 25% reservation for SC/ST and backward classes.
  • Bangalore Medical college receives 1000 more ward beds.
  • In February, Arogya Karnataka Yojane or universal health scheme will come into impact.
  • All government schools will have CCTV cameras to ensure safety for children.
  • After farmer’s death, loan waiver will be up to one lac from cooperative banks.
  • For women and fishermen, a loan of Rs.50000 announced with 0% interest.
  • Raitha Belaku scheme announced that benefits 70 lac dry land farmers for a maximum of Rs.10000 receiving 5000 per hectare.
  • The girl students will receive  Shoes, socks, churidars who are of classes 8 to 10.
  • The offering of free laptops for 1st year engineering, polytechnic, first grade colleges is also proposed.