Thursday, February 24, 2011

Karnataka Budget 2011 | Karnataka Budget Highlights 2011

Karnataka Chief Minister and Finance Minister B S Yeddyurappa will present the annual Budget for 2011–2012 in the State Legislature Assembly on Thursday, 24 February 2011. This will be the 4th budget of Karnataka Chief Minister B S Yeddyurappa after BJP government came to power in 2008 Assembly polls.

The B S Yeddyurappa will also present state’s first separate Agriculture budget. It will help to promote agriculture growth in Karnataka Stare.

The Budget session of Karnataka Legislature would be held from 24 February 2011 to 17 March 2011. Budget 2011 – 2012 will be presented on the first day of the session which would have a total of 15 working days.

Karnataka Budget 2011 – 2012 live telecasted on DD Chandana, TV9 Kannada and other leading Kannada news Channel.

The other salient features of the budget are as follows:

*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
*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
*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
*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 farming


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