Chief Minister Siddaramaiah on Wednesday termed the State government’s five guarantees as “good economics” and said taxes are being collected from the rich for the empowerment of the poor.
In his reply to the debate on the motion of thanks to the Governor’s address , Mr. Siddaramaiah in the Legislative Assembly said: “I believe in good economics.” A sum of ₹52,009 crore has been set aside for implementation of five guarantees in the State Budget for 2024-25. “We are giving economic and social strength to the poor. This is good economics. This is the economics of self-respect,” he said.
“The five guarantees - Stree Shakti, Anna Bhagya, Griha Jyoti, Griha Lakshmi and Yuvanidhi - will cover the poor, Dalits, backward classes and minorities without discrimination on the basis of caste or on religious lines,” he said. “There are no middlemen in the delivery of guarantee schemes. All benefits reach the eligible beneficiaries’ account through DBT,” the Chief Minister said. “We will impose tax on rich people as per law and collected taxes will be used for the poor.” Mr. Siddaramaiah said the government kept ₹ 39,000 crore in 2023-24 for the flagship programmes.
