Karnataka Budget Likely To Be Presented On Feb 17 CM Bommai

The budget for Karnataka is anticipated to be announced on February 17:
Bommai CM

He listed various government programmes that are currently being carried out in the state and added that the 2019 budget will concentrate on programmes that provide additional assistance to the working class, women, and adolescents.

Basavaraj Bommai, the chief minister of Karnataka, stated on Saturday that it is expected that the state budget would be released on February 17 and that it will be "pro-people." He listed various government programmes that are currently being carried out in the state and added that the 2019 budget will concentrate on programmes that provide additional assistance to the working class, women, and adolescents.

Bommai, who is also in charge of finance, will propose the budget. As the final budget before the assembly elections in May, the forthcoming one is significant for the BJP, which is currently in power. "We will decide on the dates for the joint session of the Karnataka legislature and for the budget session during the next cabinet meeting." On February 17, the budget is most likely to be announced. All of the preparations have started, the chief minister declared. He told reporters at this location that the state's revenue collection for the quarter ending in December had above the goal and that he had provided guidance on the objectives for the remaining three months of the fiscal year.

I have chosen to present a pro-people budget this time around given the circumstances. We're thinking about emphasising public welfare initiatives more. The working classes, women, young people, and the weaker or lower classes of society, such as farmers and workers, should all receive more advantages, he said. Bommai emphasised the "Swami Vivekananda Yuvashakti Yojane," under which five lakh people will receive a 1 lakh subsidy for self-employment, along with support such as bank tie-ups and the formulation of a programme, and said, "It will be an end-to-end approach from production to market support to make them self-reliant, so that they contribute to the growth of Karnataka."enabling five lakh women to work for themselves.

Two "Sthree Shakti" groups from each village will receive projects costing up to 5 lakh and access to the market as a result, enabling them to become self-sufficient. A directive has already been published, and it will shortly be put into effect, according to Bommai. In response to a query, the Chief Minister stated that "it would be an electoral budget" due to the impending elections. Budget will be in favour of the people. Numerous programmes, similar to those in Assam and Gujarat, are in mind, but merely proclaiming them is not the same as really putting them into action. They need to be investigated, he added.

Bommai said that an unique programme is being developed for families headed by women to assist women in managing their homes and their lives. "This will solely be for women. Women would get household financial help depending on their requirements and expenses to maintain the family." A 1,000, 2000, or 3,000 may be used. He stated, "The programme will be prepared and announced." Bommai lashed out at Congress for breaking their pledge to the state to offer 200 units of free electricity each month once they took office, claiming that the party had previously driven the state's Electricity Supply Companies (ESCOMs) to the verge of bankruptcy by piling on debt. "By injecting roughly Rs. 21,000 crore into it, our administration brought it back to life."

entering the electricity industry to support ESCOMs." He said that they were making such announcements now because they were afraid of losing and needed over 9,000 crore to follow through on their pledge. "They (Congress) are incapable of gaining power. They are making such promises as a result.