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Karnataka Budget 2019 Updates: Rs 12,650 crore allocated for Crop Loan Waiver Scheme


Bengaluru, Feb 8: Amid fears of 'Operation kamala' Karnataka Chief Minister HD Kumaraswamy tabled the second Budget of Congress-JDS coalition for 2019-20 fiscal on Friday. CM Kumaraswamy government's budget size icreased to Rs 234,153 crore. Last year's budget size was Rs 218,488 crore.

CM HD Kumaraswamy presenting the Budget. Courtesy: ANI photo

Kumaraswamy announced grant of Rs.6,500 crore for the waiver of crop loan of farmers to Commercial Banks and Rs.6,150 crore is to Co-operative Sector. He announced completion of waiver of loan of co-operative sector before May 2019 and completion of waiver of loan in respect of commercial banks also in the year 2019-20.

A total grant of Rs.46,853 crore has been allocated to the agriculture and related departments in the budget 2019-20.

Congress leader Eshwara Khandre, said, "This year's state budget emphasised on the long ignored North Karnataka regions, irrigation facilities, farmers' plight and education."

Despite a whip being issued, MLAs Nagendra, M Kumathalli, Gokak MLA and Umesh Jadhav did not attend the Budget session. Now, the Congress has decided to request the Speaker to suspend the dissenting legislatures.

Here are the live updates for Karnataka Budget Session 2019-20:

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