Karnataka budget 2011 highlights

Posted: March 1, 2011 in 2011, Kar_budget2011

Karnataka budget 2011 agriculture side :

Karnataka Chief Minister B S Yeddyurappa presented the fifteenth budget of the state today (24th February 2011). The budget is unanimously called as the Agri Budget– the first one of it’s kind supporting the agriculture sector of Karnataka heavily. According to the budget presented by Yeddyurappa, Rs 17,857 crore will be spent on various agricultural programs and policies for 2011-2012 financial year.

Key features of the Agri- Budget
1. Reduction of rate of interests on crop loans of up to Rs 3 lakh from cooperative institutions would be reduced from 3 per cent to 1 per cent. The rest of the money will be taken care of by the Karnataka Government itself, the Chief Minister said during the presentation of budget. But for the crop loans taken from commercial banks upto Rs. 50,000 will be kept as such(3% interest).

2. Under ‘Suvarna Bhoomi Yojana’ scheme, Rs 1,000 crore would be provided for development of 10 lakh farmer’s families . This will include two lakh Scheduled Caste and one lakh Scheduled Tribe members from the state.

3. Rs 200 crore for organic farming skill development and training. Under the budget scheme, the number of organic farmers will be raised from 72,000 to 5,28,000 .

4. Yeddyurappa also allocated sufficient budget for irrigation facilities. Rs 100 crore subsidy for drip irrigation and sprinkler irrigation . Rs. 3,900 crore will be provided to supply quality power to irrigation pump sets and Rs 1,000 crore to rejuvenate tanks and fill water in dried tanks. He wanted to this time span as ‘Irrigation Decade’ and as a step towards it Rs 50,000 crore is allocated for water resources development.

5. Rs 40 crore for extending the ‘Bhoo Chethana’ programme to all 30 districts of the state. This soil enrichment program will cover 30 lakh farmers and 31 lakh hectares.

6. Government will start Diploma and certificate courses in agriculture, horticulture, animal husbandry and fishery and during 2011-2012. This action is taken to negotiate the shortage in trained man power in the state. About 1000 students will be given long duration training and 3,000 students will get short duration training.

7. Proposal of Global Agro-Investment Meet for the first time in India and also plans to formulate a Karnataka Agri Business Development Policy. The Karnataka state Government is planning to conduct Global Agro Investment Meet in June, 2011, to attract large number of investors to Karnataka Agriculture sector.

8. Rs 9 core has been made to increase paddy and sugarcane productivity and Rs 60 crore provided in 2011-12 to facilitate the purchase of quality seeds with a 50 per cent subsidy.

0. Rs 40 crore modern mobile unit in each taluk. The function of this unit is to carry out extension work in agriculture, horticulture and animal husbandry. There’s another Rs 10 crore special grant for floriculture development.

10. Agriculture Infrastructure Fund with a minimum capital of Rs 500 crore to attract the investment needed to develop infrastructure for the sector. The budget also increased an the Agriculture Revolving Fund corpus to Rs 1,000 crore. The Chief Minister has also allocated Rs 100 crore subsidy for agricultural purchases.

11. Government has allocated sufficient money for the higher education facilities of farmer’s children. Interest free loan for farmer’s children for higher education.

12. Government is planning for a sugar cane development by the 2011-2012 budget. Under the budget, Government will provide Rs 2.5 crore for the development of Sugarcane Research Institute at Mandya and Belgaum and Rs 15 crore for the rejuvenation of My-sugar factory.

13. Provision of Rs 5 crore for construction of 50 fish markets, Rs 100 crore for construction of small harbors and Rs 100 crore for construction of warehouses.

Karnataka budget 2011 expenditure side….

(Rs. In Crore)
Item Budget Estimates 2009-10 Revised Estimates 2009-10 Budget Estimates 2010-11
Opening Balance 42.80 -358.45 -44.80
A. REVENUE ACCOUNT
I. Receipts
State Taxes 32721.25 29338.72 36228.32
Share of Central Taxes 7645.49 7000.00 9060.09
Grants from Central Government 5892.80 7572.50 5530.47
Non-Tax Revenue 2129.50 2494.81 2819.90
TOTAL-A.I 48389.04 46406.03 53638.78
II.Expenditure
Social Services 18731.98 19649.49 21952.46
Economic Services 11060.42 10397.61 12226.15
General Services 14725.59 13451.06 16074.54
Grants-in-aid and Contributions 2719.68 2369.68 2885.14
TOTAL-A.II 47237.67 45867.84 53138.29
A. Revenue Account Surplus/Deficit 1151.37 538.19 500.49
B. CAPITAL ACCOUNT
I. Receipts
Loans from Government of India 1040.57 726.10 1142.00
Open Market Loans(net) 6061.43 5953.43 7028.19
Loans from LIC,RBI,GIC and NCDC 1205.00 1180.00 1530.41
Recoveries of Loans and Advances 76.97 29.35 103.25
Public Account (Net) etc., 1258.35 4983.35 1550.36
TOTAL-B.I 9642.32 12872.23 11354.21
II.Disbursements
Capital Outlay (Net) 8712.74 10880.82 8977.76
Repayment of Central Loans 508.27 469.64 549.97
Repayment of Loans to LIC,RBI,GIC and NCDC 649.47 793.92 941.11
Disbursements of Loans and Advances 1009.09 952.39 1334.44
TOTAL-B.II 10879.57 13096.77 11803.28
B. Capital Account Surplus/Deficit -1237.25 -224.54 -449.07
C. Overall Surplus/Deficit for the Year -85.88 313.65 51.42
D. Closing Balance -43.08 -44.80 6.62

For PDF format view here: kar_budget-2011

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Comments
  1. shrikant says:

    I want know more details of new sand policy announced in budget of 2011

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