KARNATAKA BUDGET 2011-2012

KARNATAKA BUDGET 2011-2012

The Karnataka Budget was presented today by the Chief Minister and Finance Minister Mr. BS Yeddyurappa.

This is the fourth budget presented by the BJP Government and Rs 17850 crores have been allocated for the agricultural sector.

A new trend has been set by B.S. Yeddyurappa by presenting a separate budget for farmers and presenting the budget the Chief Minister said that agricultural loan would be sanctioned at one percent interest.

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
*Intrest 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