Karnataka Allocates Rs 51,339 Cr for Agriculture Sector

Karnataka Chief Minister Siddaramaiah presented the state budget for the financial year 2025-26 in the Legislative Assembly, allocating a sum of Rs. 51,034 crores for the implementation of various guarantee schemes in the current fiscal year.

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CM Siddaramaiah emphasized that the government has managed these guarantees while maintaining fiscal discipline, adhering to the fiscal deficit norm of 3 per cent of GSDP and a debt-to-GSDP ratio of 25 per cent over the past two budgets.

The agriculture sector, which faced a negative growth rate of -4.9 per cent in the previous year, has rebounded with a 4 per cent growth in 2024-25, outpacing the national agricultural growth rate of 3.8 per cent.

This recovery has been attributed to government initiatives promoting Kharif sowing, favourable monsoon conditions, and improved reservoir levels.