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Karnataka Budget 2024 Key Insights

Aug 2, 2024

Karnataka Budget 2024 Lecture Notes

Overview of the Session

  • Continuing discussion on Karnataka budget 2024.
  • Importance of budget details for upcoming examinations.
  • Recap of previous class content and introduction to new schemes.

Recap of Previous Discussions

  • Key focus on:
    • Numbers and allocations in the budget.
    • Schemes mentioned in the Karnataka budget.
  • Expectation of questions in examinations related to:
    • Sentence-based and fact-based questions.

Key Questions Recap

  1. What percentage of gross allocation went for Women and Child Development in 2024-25?
    • Answer: 9%
  2. Karnataka's share of total divisible share of central taxes?
    • Answer: 3.6% (reduced from 4.7%)
  3. Fiscal Responsibility Act changes:
    • Fiscal deficit cannot exceed 3.5% of GSDP.
    • Revenue deficit can exceed 0% of GSDP.
    • Correct answer: Only the first statement is correct.
  4. ESAP software for farmers:
    • University: Raichur USU (Agricultural University).

Agriculture and Horticulture Schemes

Animal Husbandry

  • Shepherd and properties prevention of atrocities act introduced.
  • Proposal for a new Veterinary College in Putur.

Fisheries

  • Proposal for a sea ambulance in coastal areas.
  • Enhancement of state share in Matsa Asha Kiran scheme:
    • Objective: Increase fish production and encourage fisheries through fish culture.
    • Subsidy: 50% of unit cost (max 27,000 Rs) for fingerlings and artificial feeds.
    • Financial assistance for housing (10,000 houses proposed):
      • General category: 1.2 lakh Rs
      • SC: 1.75 lakh Rs
      • ST: 2 lakh Rs

Cooperative Societies

  • Target of 27,000 crores in crop loans through cooperatives.
  • 450 crores allocated to district Central Cooperative Banks for loan waivers.
  • Request to central government for MSP on various horticulture crops.

Minimum Support Price (MSP) Explained

  • MSP Definition: Assurance by the government to procure farm produce if prices fall below MSP.
  • Formula used for current MSP calculation: A2 + FL (1.5 times of the cost of production).
  • Proposed change based on Swami Natan committee: C2 + 50%.
    • A2: Direct costs incurred by farmers.
    • FL: Payment to unpaid family laborers.

APMC Act

  • Karnataka's previous implementation of the model APMC act.
  • Chief Minister's proposal to repeal APMC Act.
  • Promotion of multiple channels for marketing agricultural produce.

Irrigation Projects

  • Overview of irrigation projects funded by the budget:
    • Upper Badra Project: Irrigation and drinking water supply to Chikmagalur, Tumkur, and Doddaballapur.
    • Kalasa Banduri Project: Diverting Mahadayi river water for drinking and irrigation.
    • Navali Balancing Reservoir to combat silt accumulation in reservoirs.

Education Initiatives

  • Ganita Ganaka Program: Improving math skills for grades 3-5.
  • MaruSin Program for grades 6-7.
  • Upgrade of government schools as Karnataka Public Schools.

Health Sector Initiatives

  • Child health care unit at Kalburgi Medical College.
  • Robotic surgery facility at the Institute of Nephro Urology.

Social Welfare Initiatives

  • Gruha Lakshmi scheme: 2,000 Rs/month for BPL and APL women heads.
  • Increased pensions for various groups (devadasis, linguistic minorities).
  • Initiatives for nomadic communities and minority welfare (e.g., for the Sikh community).

Housing Initiatives

  • Target to construct 3 lakh houses for urban poor in 2024-25.
  • Funding sources include asset monetization and new housing policies.

Food Security Initiatives

  • Anabha Bagya scheme: Provides free food to 4 crore beneficiaries.
  • Alternative cash transfers implemented due to rice shortages.

Skill Development Initiatives

  • Platform-based gig worker welfare bill proposed.
  • Skills academy to be set up in Sandur.
  • Entrepreneurship training for 25,000 youth under UAN Nidi scheme.

Urban Development Initiatives

  • Brand Bengaluru promotion and infrastructure development.
  • New deep-sea port in Karnataka and development of existing ports.

Environmental Initiatives

  • Task force to reduce man-animal conflict.
  • Eco-tourism promoted in Bethel District.

Conclusion of Lecture

  • Importance of repeated revision of discussed topics and potential questions.
  • Encouragement to utilize notes for better preparation for exams.

Full transcript