Karnataka govt plans to pump over Rs 39,000 crore for Agri, allied sector

News Network

September 16, 2020

Bengaluru, Sept 16: To stimulate economic activities in the field of Agriculture and its allied areas, the State Government has planned to pump over Rs 39,300 crore this year, Chief Minister B S Yediyurappa said here on Wednesday.

He was speaking after launching the 'Financial Response' programme organised by the state co-opertative department and said, "The intended huge grants for the sector would be disbursed through co-operative institutions".

The programme would be implemented with the assistance of the Union Government also, he said.

Recalling that Karnataka was the first state to announce COVID-19 economic relief package ahead of all other states in the country, he said, "to mitigate the problems affected by the COVID-19, the state government had announced a relief package of over Rs 2272 crores".

He said that under the crop loan interest waiver scheme announced by the Union Government, over 11.88 lakh farmers were provided over Rs 7,741 crore for the year 2020-21 in Karnataka.

The state government had already released about Rs 496 crore towards farm-loan interest subsidy scheme, the chief minister said.

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Why Mangaluru Could Become India’s Next Offshore Wind Energy Hub

News Network

February 3,2026

Dakshina Kannada MP Capt Brijesh Chowta has urged the Centre to give high priority to offshore wind energy generation along the Mangaluru coast, citing its strategic importance to India’s green energy and port-led development goals.

Raising the issue in the Lok Sabha under Rule 377, Chowta said studies by the National Institute of Oceanography have identified the Mangaluru coastline as part of India’s promising offshore wind ‘Zone-2’, covering nearly 6,490 sq km. He noted that the region’s relatively low exposure to cyclones and earthquakes makes it suitable for long-term offshore wind projects and called for its development as a dedicated offshore wind energy zone.

Highlighting the role of New Mangalore Port, Chowta said its modern infrastructure, multiple berths and heavy cargo-handling capacity position it well as a logistics hub for transporting and assembling large wind energy equipment.

He also pointed to the presence of major industrial units such as MRPL, OMPL, UPCL and the Mangaluru SEZ, which could serve as direct buyers of green power through power purchase agreements, improving project viability and speeding up execution.

With Karnataka’s peak power demand crossing 18,000 MW in early 2025, Chowta stressed the need to diversify renewable energy sources. He added that offshore wind projects in the Arabian Sea are strategically safer compared to the cyclone-prone Bay of Bengal.

Calling the project vital to India’s target of 500 GW of renewable energy by 2030, Chowta urged the Ministry of New and Renewable Energy to initiate resource assessments, pilot projects and stakeholder consultations at the earliest.

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