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Karnataka Budget 2024-25

Karnataka Budget 2024-25 Pdf Download

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karnataka budget 2024 pdf download|karnataka budget 2024-25 pdf|budget karnataka 2024:Karnataka CM Siddaramaiah finished his 15th budget presentation in a little more than three hours on Friday. He began the speech by quoting influences from the state, quoting a song from Dr Rajkumar’s film Bangarada Manushya and also a Vachana by Lingayat philosopher Aydakki Lakkamma. The Karnataka Budget announcement began at 10:15am this morning and ended at around 1:30pm. The budget outlay stands at ₹3.71 lakh crore this year.

This budget announcement also comes months ahead of the crucial and much-anticipated Lok Sabha election later this year. CM Siddaramaiah announced major allocations to minority, women and child welfare, as well as Bengaluru development – both infrastructure and traffic control – and the five main poll guarantees of the Congress party, among others.

karnataka budget 2024-25

Karnataka Chief Minister Siddaramaiah on Friday presented his 15th Budget. The state’s budget outlay stands at ₹3.71 lakh crore this year, CM Siddaramaiah said. He added that Karnataka’s economy is estimated to grow at 6.6% in FY 2025.

Karnataka Chief Minister Siddaramaiah presented the state budget at the assembly on Friday, in which he allocated funds for fee reiumbursement of minority students, Rs 100 crore for the development of Waqf properties, and mandated 60 per cent use of Kannada in all officers, shops and commercial establishments, among others.

During the budget presentation, the Opposition staged a walkout as Siddaramaiah attacked the BJP-led Centre. He alleged that Karnataka faced massive loss due to not getting the right share of funds from the Union government. Siddaramaiah blamed the Centre for the state revenue defect budget. He further claimed that many BJP-ruled governments are also facing injustice, but they are unable to raise their voice against the central government.

Karnataka Budget 2024: Here are some key highlights

  • The Karnataka government increases the allocation for welfare programmes to ₹1,20,373.
  • Karnataka government earmarked ₹52,000 crore in the “hands of people during 2024-25” through five guarantees (Shakti, Gruhajyoti, Gruhalakshmi, Yuvanidhi and Annabhagya).
  • Under the Gruha Lakshmi Scheme – which provides ₹2,000 per month to women head of the family – ₹11,726 crore has been directly transferred to beneficiaries.
  • The Karnataka government announced that ₹86,423 crore will be provided for women-oriented schemes in FY 2025.
  • According to the Karnataka CM, an average of ₹50,000 to ₹55,000 is transferred to each family every year through ‘guarantee’ schemes.
  • A loss of ₹59,274 Crore was incurred by Karnataka due to unscientific implementation of GST in the last seven years, according to CM Siddaramaiah. The CM said “Karnataka is the second highest source of GST collection in the country with an 18% increase this fiscal compared to 2022-23”.
  • Karnataka CM Siddaramaiah alleged that cesses and surcharges collected by the Central Govt are increasing and the same are not being shared with states
  • CM Siddaramaiah in his budget speech said that the tax slabs for Indian Made Liquor (IML) and beer will be revised.
  • All services rendered by the Excise department will be digitised in Karnataka, said the CM.
  • The Karnataka government will be launching a new social security scheme Anna-Suvidha, a home delivery app for the free delivery of food grains (PDS) to the doorstep of senior citizens above 80 years.
  • The Congress-ruled Karnataka government has aimed to complete 3 lakh houses in 2024-25. On the PM Awaas Yojana, Karnataka CM said that the scheme has slowed down in the state as most of the beneficiaries could not afford to pay their contribution of ₹5 lakh. “Our Government has therefore decided to limit the contribution to be paid by the beneficiaries to one lakh rupees. The remaining beneficiary share of approximately ₹4 lakh will be provided by the Government,” CM Siddaramaiah said.
  • Processed and value-added millets will be made available at affordable prices under the new programme ‘Namma Millet in Karnataka.
  • Karnataka government said that 50 Morarji Desai Residential Schools will be started with a capacity of 50 students each. 100 Post-matric boys/girls hostels will be started, as well as 100 new Maulana Azad Schools will be opened. Pre-University colleges will be started in 25 schools.
  • The fee reimbursement scheme for students of the minority community who are pursuing B.Sc., Nursing/G.N.M Nursing courses in Government/Private Colleges will be restarted.
  • Karnataka government allocated ₹10 crore for women skarnataka elf-help groups.
  • The state government allocated ₹100 crore for the development of wakf properties.
  • Karnataka CM said ₹2 crore will be provided for the formulation of targeted schemes aimed at the financial empowerment of the Sikligar Community.
  • A provision of ₹50 crore will be made for the development of major pilgrimage destinations for Jains.
  • A free training programme for CLAT, MAT, and Chartered Accountant Foundation course will be started for students belonging to Backward classes.
  • Karnataka government announced ₹400 cr for construction and purchase of equipment in medical colleges and ₹130 crore for construction of super-specialty hospitals on Friday.
  • 50 women-run cafes with the name of Cafe Sanjeevini will be launched across the State during this year at a cost of ₹7.50 crore, said CM Siddaramaiah.
  • The Platform-Based Gig Workers Fund and Welfare Fee Bill will be introduced in order to provide livelihood security to Platform-Based Gig Workers.

karnataka budget 2024-25 pdf

karnataka budget 2024-25 pdf download

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