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Karnataka Budget 2011-2012


Posted Date:     Category: Finance / Investment    Rating: 2 out of 52 out of 5
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The Chief Minister of Karnataka B S Yeddyurappa introduced today(24-02-2011) the government’s budget for the 2011-12 financial year.


The Chief Minister of Karnataka B S Yeddyurappa introduced today(24-02-2011) the government's budget for the 2011-12 financial year.

Karnataka Budget 2011-2012-Major Highlights


• Rs 200 crore for organic farming
• Seeds to be supplied to farmers at 50 percent subsidy
• Rs 9 crore to encourage paddy and sugarcane production
• Single window scheme to help farmers
• Rs 25 crore for coconut cultivation
• More neera processing units to be set up
• Exemption of VAT for floriculture
• Rs 2 crore to combat diseases that afflict areca plantation
• Rs 10 crore for APMCs across the state
• Training to be given to five lakh farmers in organic farmers
• Rs 289 crore sanctioned to improve Krishna project
• Rs 17,850 crore allocation for the agricultural sector
• Rs 125 crore for Bio Farming and Rs 100 crore for drip irrigation
• Rs 3900 crore for supply of electricity to IP sets
• Better IP sets to be provided to farmers to reduce power consumption
• RS 2123 crore for uninterrupted power supply to farmers
• Rs 1000 crore for renovation of ponds and lakes
• Interest free loans for higher education for farmer's children
• Agriculture revolving funds to be increased to Rs 1000 crore
• Rs 100 crore for small ports
• Veterinarian Colleges to be set in Gadag and Athini
• Mega dairy at Mysore, KMF will mobilise funds for this
• Rs 2.5 crore for prevention of epidemics
• Rs 10 crore as incentives for fish farmingRs.2,428 cr budget allocation for health & family welfare
• Karnataka agricultural development policy to be strengthened
• World agriculture investment summit in June 2011
• New courses for diploma in agriculture
• Rs 2 lakh insurance for farmers
• Allocation of Rs.2 crore for treatment of HIV infected children in the State
• Increased the total annual intake of undergraduate courses in four government medical colleges at Bangalore, Mysore, Bellary and Hubli from 500 to 800 seats
• Rs.5 crore will be provided to upgrade the Rajiv Gandhi Chest Institute as a national institute
• An amount of Rs.5 crore will be provided for strengthening the Karnataka Institute of diabetology
• Rs.5 crore would be provided for the upgradation of Dharwad Mental Health and Neuro Sciences Institute
• An amount of Rs.5 crore will be provided to continue the Hrudaya Sanjeevani Scheme
• Allocation of an amount of Rs.25 crore to the Karnataka Institute of Medical Sciences, Hubli
• Allocation of an amount of Rs.10 crore under the Ayush category, following the success of the World Ayurveda Conference held in Bangalore, the government with a view to encourage study of Ayurveda, has proposed to start an Ayurveda college, Shimoga in 2011-12
• Allocation of Rs 550 crore for a new project of BRTS (bus rapid transit system)


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