1. Karnataka budget outlay pegged at ₹3,71,383 crore, ₹52,000 crore for guarantee schemes
Chief Minister Siddaramaiah, who also holds the Finance portfolio, presented a revenue-deficit Karnataka Budget for 2024-25 on February 16 with a total outlay pegged at ₹3,71,383 crore, as against a revised estimate of ₹3,12,708 crore for 2023-24.
Mr. Siddaramaiah earmarked ₹52,000 crore for the implementation of five guarantee schemes of Shakti, Gruha Jyoti, Gruha Lakshmi, Yuva Nidhi and Anna Bhagya in 2024-25. “An average of ₹50,000 to ₹55,000 is transferred to each family every year through guarantee schemes,” Mr. Siddaramaiah said while putting up an impassioned defence of the schemes.
