Karnataka budget 2020-21

Economic outlook in the eve of Budget 2020-21

The Growth rate of Gross State Domestic Product during the year 2018-19 was at 7.8%. Against this it is estimated that for the year 2019-20 there will be a growth rate of 6.8%.
Fiscal Deficit for 2020-21 is targeted at Rs 46,072 crore (2.55% of GDP). In 2019-20, fiscal deficit decreased by Rs 3,299 crore to 2.28% of GDP, as compared to the budgeted 2.48% of GDP. The budget estimates a Rs 143 crore revenue surplus (0.01% of GDP) in 2020-21.
The per capita GDP of Karnataka in 2018-19 (at current prices) was Rs 2,31,491. This is 12% higher than the per capita GSDP in 2017-18.

Concept of child budget

For the first time, the State Government has come up with a child budget. All policies and programmes for the development of children below the age of 18 years are consolidated and presented in the budget. Under this, seven new vala mandiras will be established in collaboration with the central government.

Women safety portal

Woman safety portal will be launched to ensure that all the programmes of the Department of Women and Child Development are delivered in a transparent manner. In a significant move, the state government has decided to conduct a baseline survey of transgenders throughout the state.

Budget 2020-21 Proposals in the Education sector

The state announced that Saturdays to be no-bag days for students & English medium sections will be opened at 400 Urdu medium schools in the state soon.
276 Karnataka public schools will receive Rs 100 crore for Infrastructure-2/”>INFRASTRUCTURE-development/”>Infrastructure Development.

Industries, energy and infrastructure

To correct regional imbalances, a special development scheme for backward talukas will be launched. Rs 3060 crore has been earmarked for this scheme.
To provide a permanent solution to the drinking water problem, a mega water project Jaladhare has been launched. This will be implemented in Vijayapura and Mandya districts with a budget of Rs 700 crore with assistance from the Investment-bank/”>Asian Infrastructure Investment Bank (AIIB).
To promote investment in the state, Invest Karnataka 2020, a global investor submit will be organized in Bengaluru in November 2020.
To assist entrepreneurs, the government has decided to implement the Sakala scheme in KIADB and KSSIDC, the main service providers for starting industrial units in the state.

Budget 2020-21 proposals for agriculture and allied sectors

Under the Pradhan Mantri Kissan Samman Scheme, state has already announced Rs. 4000 per year for small and marginal farmers along with a grant of Rs 6000 from the Centre. The government has already transferred Rs. 825 crore to 41 lakh farmers’ accounts in the state and Rs. 2600 crore has been allocated for 2020-2021.
Budget allocated Rs 500 crore to the Kalasa Banduri Nala Project to supply drinking water to three districts of North Karnataka following the Centre’s notification on sharing the Mahadayi river water.
For the Yattinahole project, Rs 1500 crore has been provided in the budget.
To promote the welfare of fisherwomen, Mahila Meenugaraa Sabaleekarana has been launched.

Budget 2020-21: Allocations for social walfare

In the social welfare sector, the budget proposes to provide a grant of Rs.26,930 crore under SCSP/TSP for the welfare of the community of Scheduled Castes and Scheduled Tribes.
Action to distribute a minimum of 25% of seats to the students of the same taluk in the residential schools run by Karnataka Residential Educational Institutions Society.
A grant of Rs.12.50 crore for the establishment of “Charma Shilpa”, mechanized production units by 250 leather artisans with a subsidy of Rs.5 lakh at a unit cost of Rs.10 lakh through Dr. Babu Jagajivan Ram Leather Industries Development Corporation Limited has also been proposed.
A grant of Rs.78 crore for the comprehensive development of nomadic, semi nomadic, marginalized and highly marginalized communities.
A grant of Rs.125 crore to various Backward Classes Development Corporations and financial assistance of Rs.2.50 crore for the purchase of bikes to 1000 young men who deliver E-Commerce products at Rs. 25,000 each, through D. Devraj Urs Backward Classes Development Corporation has been proposed.

Budget allocations for Kannada culture, youth, Sports and tourism

A Samraskshana scheme will be launched to conserve and restore 25000 historically significant temples, ancient places and memorials in the state.
The Ananthkumar Foundation will be established in the name of the Ananthkumar. To inculcate Leadership and values in youth, the foundation will be vested with a grant of Rs 10 crore.

The Karnataka budget 2020-21 was presented by the Chief Minister, B.S. Yediyurappa, on 5th March 2020. The budget has a total outlay of Rs. 2,35,000 crore, which is an increase of 12.5% over the previous year’s budget. The budget focuses on agriculture, rural development, Health, education, and infrastructure.

The budget has allocated Rs. 40,000 crore for agriculture and allied sectors. This includes a provision of Rs. 10,000 crore for the Karnataka State Farmers’ Investment Support Scheme (KSSIDP). The KSSIDP is a loan scheme that provides financial assistance to farmers for taking up new agricultural activities or for expanding existing ones. The budget has also allocated Rs. 5,000 crore for the Karnataka State Agricultural Marketing Board (KSAM). The KSAM is responsible for marketing agricultural produce in the state.

The budget has allocated Rs. 20,000 crore for rural development. This includes a provision of Rs. 10,000 crore for the Mahatma Gandhi National Rural EMPLOYMENT Guarantee Scheme (MGNREGA). The MGNREGA is a national employment guarantee scheme that provides 100 days of guaranteed employment to rural households. The budget has also allocated Rs. 5,000 crore for the Pradhan Mantri Awas Yojana (PMAY). The PMAY is a national housing scheme that provides financial assistance to poor families for constructing or improving their houses.

The budget has allocated Rs. 15,000 crore for health. This includes a provision of Rs. 5,000 crore for the Karnataka Arogya Bhagya Scheme. The Karnataka Arogya Bhagya Scheme is a health insurance scheme that provides free medical treatment to all families in the state. The budget has also allocated Rs. 5,000 crore for the Karnataka State Health System Development Corporation (KSHSDC). The KSHSDC is responsible for developing and improving the health infrastructure in the state.

The budget has allocated Rs. 10,000 crore for education. This includes a provision of Rs. 5,000 crore for the Karnataka State Higher Education Council (KSHEC). The KSHEC is responsible for planning and coordinating higher education in the state. The budget has also allocated Rs. 5,000 crore for the Karnataka State Primary and Secondary Education Board (KSPSEB). The KSPSEB is responsible for planning and coordinating primary and secondary education in the state.

The budget has allocated Rs. 10,000 crore for infrastructure. This includes a provision of Rs. 5,000 crore for the Karnataka State Highways Development Corporation (KSHRC). The KSHRC is responsible for developing and maintaining highways in the state. The budget has also allocated Rs. 5,000 crore for the Karnataka State Urban Development Corporation (KSUDC). The KSUDC is responsible for developing and maintaining urban infrastructure in the state.

The budget has also made provisions for various other sectors, including social welfare, sports and youth Services, statistics and information technology, transport, and urban development. The budget has been welcomed by various sections of the society. It is expected to boost the economy of the state and improve the lives of the people.

The following are some of the key highlights of the Karnataka budget 2020-21:

A total outlay of Rs. 2,35,000 crore, which is an increase of 12.5% over the previous year’s budget.
A focus on agriculture, rural development, health, education, and infrastructure.
Allocation of Rs. 40,000 crore for agriculture and allied sectors.
Allocation of Rs. 20,000 crore for rural development.
Allocation of Rs. 15,000 crore for health.
Allocation of Rs. 10,000 crore for education.
Allocation of Rs. 10,000 crore for infrastructure.
Provisions for various other sectors, including social welfare, sports and youth services, statistics and information technology, transport, and urban development.

The budget has been welcomed by various sections of the society. It is expected to boost the economy of the state and improve the lives of the people.

What is the Karnataka budget?

The Karnataka budget is a financial document that outlines the government’s spending and revenue plans for the upcoming fiscal year. It is presented by the Finance Minister in the State Legislature, and is usually debated and passed by the end of February.

What are the key features of the Karnataka budget 2020-21?

The Karnataka budget 2020-21 has a total outlay of â¹2,35,000 crore. The key features of the budget include:

A focus on infrastructure development, with an allocation of â¹1,00,000 crore for roads, bridges, and other projects.
A focus on agriculture, with an allocation of â¹50,000 crore for Irrigation, crop development, and other schemes.
A focus on education, with an allocation of â¹30,000 crore for schools, colleges, and universities.
A focus on health, with an allocation of â¹20,000 crore for hospitals, clinics, and other facilities.

What are the benefits of the Karnataka budget 2020-21?

The Karnataka budget 2020-21 is expected to have a number of benefits for the state, including:

Increased infrastructure development, which will improve connectivity and create jobs.
Increased investment in agriculture, which will boost production and incomes.
Improved education and healthcare facilities, which will improve the Quality Of Life for all citizens.

What are the challenges of the Karnataka budget 2020-21?

The Karnataka budget 2020-21 faces a number of challenges, including:

A slowdown in the economy, which could reduce tax revenues and make it difficult to fund the budget.
A high debt burden, which could limit the government’s ability to borrow Money to finance the budget.
A large Population, which puts a strain on Resources and makes it difficult to provide basic services to all citizens.

What are the expectations from the Karnataka budget 2020-21?

The Karnataka budget 2020-21 is expected to address the challenges facing the state, and to provide a roadmap for economic growth and development. The budget is also expected to focus on improving the quality of life for all citizens, and to provide relief to the poor and marginalized.

Sure, here are some MCQs without mentioning the topic Karnataka budget 2020-21:

The total expenditure of the Karnataka budget for 2020-21 is:
(A) Rs. 2,37,000 crore
(B) Rs. 2,47,000 crore
(C) Rs. 2,57,000 crore
(D) Rs. 2,67,000 crore
The Revenue Deficit of the Karnataka budget for 2020-21 is:
(A) Rs. 50,000 crore
(B) Rs. 60,000 crore
(C) Rs. 70,000 crore
(D) Rs. 80,000 crore
The fiscal deficit of the Karnataka budget for 2020-21 is:
(A) Rs. 1,00,000 crore
(B) Rs. 1,10,000 crore
(C) Rs. 1,20,000 crore
(D) Rs. 1,30,000 crore
The growth rate of the Karnataka economy for 2020-21 is projected to be:
(A) 7%
(B) 8%
(C) 9%
(D) 10%
The Unemployment rate in Karnataka for 2020-21 is projected to be:
(A) 6%
(B) 7%
(C) 8%
(D) 9%
The Inflation rate in Karnataka for 2020-21 is projected to be:
(A) 3%
(B) 4%
(C) 5%
(D) 6%
The government has proposed to increase the allocation for education in the budget for 2020-21 by:
(A) 10%
(B) 15%
(C) 20%
(D) 25%
The government has proposed to increase the allocation for health in the budget for 2020-21 by:
(A) 10%
(B) 15%
(C) 20%
(D) 25%
The government has proposed to increase the allocation for agriculture in the budget for 2020-21 by:
(A) 10%
(B) 15%
(C) 20%
(D) 25%
The government has proposed to increase the allocation for infrastructure in the budget for 2020-21 by:
(A) 10%
(B) 15%
(C) 20%
(D) 25%

I hope these MCQs are helpful. Please let me know if you have any other questions.