Karnataka budget 2023: Interest-free loans, self-employment and other Welfare Schemes for minorities

News Network
July 7, 2023

CMSiddu.jpg

Bengaluru, July 7: Karnataka Chief Minister Siddaramaiah presented his 14th Budget today. The budget this year poses a unique challenge to Siddaramaiah in mobilising resources for the implementation of the Congress’s five guarantees while making space for other development works. 

Here are the Welfare Schemes for Minority Communities announced by the CM in the maiden budget of the new Congress government. 

-- Rs 50 crore will be provided to protect and develop 40,000 Wakf properties in the state

--Interest-free loans will be provided to the tune of Rs. 20 lakh to minority students to pursue graduate and postgraduate courses in prestigious foreign universities with a global ranking of under 250.

-- To promote self-employment opportunities, for the loan amount availed from the banks, a subsidy up to 20% of the loan amount up to a maximum of Rs.1 lakh will be provided to 10,000 unemployed youth belonging to minority communities.

--A new scheme 'Swawalambi Sarathi will be introduced to encourage self-employment of the unemployed youth belonging to Minority communities. Under this, a subsidy of 50% up to a maximum of Rs. 3 lakh will be provided towards purchase of four wheeler vehicles.

--Rs 54 crore alloted for the construction of all the 126 incomplete Shadimahals and Community halls

-- A loan of Rs. 1 lakh per annum at a subsidized interest rate of 2% will be provided to minority students under the 'Arivu' - educational loan scheme. The eligible beneficiaries will be students who get admission through CET to 28 professional courses such as Engineering, Medical, etc. During the financial year, Rs. 75 crore will be reserved for this scheme.

--Language labs will be established at a cost of Rs. 5 crore in all the Minority Morarji Desai Residential Schools to improve Kannada and English language skills of students belonging to minority communities.

--Skill development training of minority youths will be started in the districts of Ramanagar, Belagavi, Davangere, Kalaburagi and Dakshina Kannada at a cost of Rs. 4 crore.

--A grant of Rs. 8 Crores will be provided to impart training through prestigious institutions for two years for the students studying in minority pre-university residential colleges in order to prepare them for NET, JEE, CET and other entrance examinations.

--A ten month residential coaching program for IAS/KAS and other competitive exams will be offered to the minority aspirants in Haj Bhavan, Bengaluru, in collaboration with reputed coaching institutions.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 27,2025

DKSvokkaliga.jpg

Bengaluru: The Vokkaligara Sangha on Thursday issued a stern warning to the Congress, saying the party could face serious electoral repercussions if Deputy Chief Minister D.K. Shivakumar is not appointed as Chief Minister.

The warning follows the public backing of Shivakumar’s chief ministerial ambition by top Vokkaliga pontiff Nirmalanandanatha Swami, who urged the Congress high command to honor his claim.

“The community supported Congress in the 2023 Assembly elections only because Shivakumar had a real chance to become CM. If he is cheated, we’ll teach the party a big lesson,” said newly elected Sangha president L. Srinivas. He added that Vokkaligas would organize protests under the guidance of community leaders.

General Secretary C.G. Gangadhar pointed out that Congress won more seats in the Vokkaliga-dominated Old Mysuru region due to Shivakumar’s influence, adding, “If Congress wants to retain power, Shivakumar should be made the CM.”

Outgoing president Kenchappa Gowda emphasized Shivakumar’s contribution to Congress’ victory. “Our community voted for Congress thinking he would become CM. Siddaramaiah has also served the party well, but Shivakumar should now be given a chance,” he said.

Former general-secretary Konappa Reddy appealed to Sonia and Rahul Gandhi to recognize Shivakumar’s loyalty and service, saying, “Congress is known to keep its promises. We hope it won’t break the promise made to him.”

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
November 22,2025

gaza.jpg

The Israeli regime’s forces have killed two Palestinian children in the Gaza Strip every day since the ceasefire began in early October, UNICEF has warned.

The UN children’s agency said on Friday that Israeli forces continue to attack Palestinians in Gaza even though the agreement was meant to stop the killing.

“Since 11 October, while the ceasefire has been in effect, at least 67 children have been killed in conflict-related incidents in the Gaza Strip. Dozens more have been injured. That is an average of almost two children killed every day since the ceasefire took effect,” UNICEF spokesperson Ricardo Pires said in Geneva, reminding that each number in the statistics represents a child whose life had ended violently.

“These are not statistics,” he said. “Each child had a story, a family, and a future that was stolen from them.”

Data from Palestinian factions, human rights groups, and government bodies recorded since the US-brokered ceasefire deal went into effect on October 10 show that Israeli forces have carried out numerous attacks, each constituting a separate ceasefire violation.

UNICEF teams say they repeatedly continue to witness heart-wrenching scenes of fearful Palestinian children sleeping outdoors with amputated limbs, while others live as orphans in flooded, makeshift shelters.

“I saw this myself in August. There is no safe place for them. The world cannot normalize their suffering,” Pires said, lamenting that the UN could “do a lot more if the aid that is really needed was entering faster.”

The UNICEF spokesperson warned that with the advent of winter, the risks for hundreds of thousands of displaced children will increase.

He warned, “The stakes are incredibly high” for children as winter acts as a threat multiplier, where children have no heating, no insulation, and few blankets. He said respiratory infections rise.

“Too many children have already paid the highest price,” Pires said. “Too many are still paying it, even under a ceasefire. The world promised them it would stop and that we would protect them.”

“Now we must act like it,” the UNICEF spokesperson added.

Since the Israeli regime launched its genocidal war against Palestinians in Gaza in October 2023, it has killed nearly 70,000 people in the territory, most of them women and children, and injured over 170,000 more, while reducing most of the structures in the enclave to rubble.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.