The Congress government in Karnataka estimates an annual expenditure of ₹45,000 crore to implement its "five guarantees". Its calculation suggests the guarantees will help increase the annual income of an average family living outside Bengaluru by ₹55,000, a rise of 25 percent over its current per-capita income.
According to Congress Research Department Chairman M V Rajeev Gowda, the Karnataka guarantees will help offset effects of inflation and income stagnation, especially for families living outside Bengaluru. According to the Economic Survey, the per-capita income outside of Bengaluru is ₹1.5-2.5 lakh. "Consider a family of four with an income of ₹22 lakh and one diploma-holding youth looking for a job. This family will get ₹24,000 a year through Gruha Lakshmi, ₹18,000 a year through Yuva Nidhi, foodgrains worth about ₹14,000 through Anna Bhagya, and save a few thousand rupees on their power bill under Gruha Jyoti. The benefit of around ₹55,000 from the five guarantees will boost this family's income by over 25 percent," Gowda said.
This story is from the May 24, 2023 edition of Business Standard.
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This story is from the May 24, 2023 edition of Business Standard.
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