The State Government on Friday announced incentives to sericulture farmers producing bivoltine cocoons and said new cocoon markets will be set up in Haveri and Kalaburagi.
Presenting the State Budget 2022-23, Chief Minister Basavaraj Bommai said Karnataka stood first in silk production in the country and the government, to further encourage sericulture farmers, will be offerring an incentive of ₹10,000 for every tonne of bivoltine the farmer sells in government silk cocoon markets.
Also, the government said hi-tech government cocoon markets will be established in Kalaburagi and Haveri districts at a cost of ₹15 crore with assistance from NABARD.
