CM Siddaramaiah presents Nava Karnataka Budget 2018

  • Karnataka Chief Minister Siddaramaiah presents the last budget of his current tenures on Friday.
  • Karnataka will provide free education to girls in PUC, degree, PG in govt colleges, with budgetary allocation of Rs 95 crore.
  • Total size of budget is Rs 2,09,181 crore.
  • It was a full-fledged budget, with focus on agriculture and education.
  • Karnataka budget welcomed by business community

Bangalore : Karnataka Chief Minister Siddaramaiah, who also holds the Finance portfolio, on Friday presented the State Budget 2018-19, the last one ahead of the Assembly elections. It is his 13th State Budget and 6th in a row. It was a full-fledged budget, with focus on agriculture and education. Bengaluru, however, gets a prominent mention in the budget.

Karnataka Chief Minister Siddaramaiah said,  Total size of budget is Rs 2,09,181 crore. Rs 22,620 crore increased from last year showing a 12.12 per cent growth. This is the sixth budget of my government and Fiscal Responsibility and Budget Management Act have been adhered to in all the six budgets.”

Budget Highlights : Education, Skill Development & Digital Karnataka

Giving a major thrust to education across Karnatak the budget announced

In a major thrust to higher education for girls, Government of Karnataka will provide free education to girls studying in pre-university course (PUC), degree and post-graduate (PG) courses in govt colleges, with a budgetary allocation of Rs 95 crore for 2018-19. 3.7 lakh girl students to benefit.

  • 100 Karnataka Public Schools (Upto 12th standard) at Gram Panchayat Level to be set up at a cost of Rs 5 crore
  • Science Centres to be established in all Government High Schools and PU Colleges at a cost of Rs 7.5 crore
  • To set up Basava Study Centre in Mysuru University at a cost of Rs 2 crore
  • Government Schools completing 100 years to be developed as Heritage Schools.

Free bus pass to all students

In a landmark move, 19.6 lakh students across Karnataka will now be provided free bus pass from 2018-19. Government believes that transport expenses should not be a hindrance for students traveling to school and colleges. In the Budget 2018-19 Karnatak government said it is committed towards building an inclusive and empowered citizenry. In its allocation under inclusive society with opportunities for all it proposed:

  • 250 Urban Anganwadis to be set up at cost of Rs 17.5 crore
  • 100 Mobile Anganwadis and Creches to be set up at work places benefiting labourers, at a cost of Rs 10 crore
  • Loans under Udyogini Scheme increased from Rs 1 lakh to Rs 3 lakh
  • 4 per cent Reservation in Grade A and B jobs for differently-abled people.

In the Budget, Siddaramaiah termed skilled Karnataka, the new Karnataka

  • 120 government ITIs to get computer lab facility at a cost of Rs 10 crore under PPP (Public Private Partnership)
  • 2.5 lakh people to be trained by Department of Skill Development, Entrepreneurship and Livelihood
  • DISHA Scheme to be extended to all districts to train 1 Lakh Entrepreneurs at a cost of Rs 2 crore.

Towards Digital Karnataka

  • E-Kshana launched to issue Caste, Income and Residence Certificate
  • Moulya App launched to know the guidance value of any immovable property
  • Development of Samyojane App to obtain citizen services of the department
  • Development of Dishank App to obtain Survey Number and Map of spot where citizen stands.
  • Cyber forensic laboratories will be established in order to prevent cyber crimes. Nirbhaya Kendras will be established in all the police commissioner’s offices.

Building Dynamic Ecosystem

  • Karnataka Innovation Authority to be set up under the chairmanship of Chief Minister
  • Centre for Excellence in Design to be set up to design products and enterprises
  • Legal innovation framework to be set up to ensure no legal impediments in new and emerging technologies
  • Skill upgradation programme for women in IT sector, who come back to work after long break/maternity leave.

Karnataka budget welcomed by the Business Community

The budget tabled by Karnataka Chief Minister Siddaramaiah was today welcomed by the business community, as Socio-Economic Budget and Progressive.

Ashwini K Aggarwal, Chairman – India Electronics & Semiconductor Association

Ashwini K Aggarwal, Chairman – India Electronics & Semiconductor Association (IESA)

We applaud the Karnataka Government on the policies announced in the State Budget 2018. We are very optimistic about the intention to promote hardware equipment and semiconductor chip design and development, Semiconductor Fabless Accelerator Lab (SFAL) that will be established in association with India Electronics and Semiconductor Association. In addition, the announcement of a Centre for Excellence (CoE) will enable designers to establish and promote entrepreneurial design and design products. Along with the existing state support to the start-up community, this will be a huge impetus for the state’s IT, BT and Science and Technology sectors.

K Ravi,  President – The Federation of Karnataka Chamber of Commerce and Industries

The Federation of Karnataka Chamber of Commerce and Industries president K Ravi hailed the Socio-Economic budget. It was invariably a Socio-Economic budget, at which Chief Minister Siddaramaiah is so well versed. From the point of view of Industry, we must thank him for having considered increasing the budgetary allocation to Rs.1,681 crores, he said. We are also happy that he has accepted some of the our pre-budget recommendations regarding Centre of Excellence for Industry 4.0, (Robotics, IOT and Artificial Intelligence), Infrastructure facility for Peenya Industrial Estate and Cluster Development,  said Ravi.

Neeti Sharma,  Senior Vice President  – Learning Services, Team Lease

Commenting on the allocation of funds towards education and digital learning Senior Vice President, Learning Services, Team Lease Neeti Sharma said, Overall the budget has been progressive, with extensive focus on boosting education, healthcare, tourism as well as digital learning. The allocation of a 20% higher fund for education will help augment the Eco-System of learning and development in the state which thereby will enhance the quality of the workforce, he said.

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