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

News Network
July 7, 2023

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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.

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News Network
November 18,2024

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Mangaluru: A 14-year-old boy, Subodh, tragically lost his life after being struck by lightning while sitting outside his home in Kedila village, Bantwal taluk, on Sunday evening.

The incident occurred around 5:30 PM while Subodh, an 8th-grade student at Kalladka Shriram High School, was seated outside his house. Lightning struck him, leaving him unconscious. 

Family members rushed him to a nearby clinic and later to a private hospital in Puttur, where doctors confirmed his death upon arrival.

The boy's body was sent to Puttur Government Hospital for a post-mortem.

Tahsildar Archana Bhat has directed revenue officials to assist the grieving family. Vitla Revenue Inspector Prashanth Shetty, Village Administrative Officer Anil Kumar, Kedila Panchayat President Harish Valtaje, and panchayat members visited the family to offer their condolences and support.

This heartbreaking incident highlights the unpredictability of nature’s fury, leaving a community mourning the untimely loss of a young life.

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News Network
November 21,2024

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After the US prosecutors charged Gautam Adani with bribery and fraud, Congress reiterated its call for a Joint Parliamentary Committee (JPC) probe into the transactions of the Adani group, and hit out at Prime Minister Narendra Modi, alleging an "internal nexus" between him and "his favourite businessman."

Senior Congress leader Jairam Ramesh said the indictment of Gautam Adani and others by the US Securities and Exchange Commission validates his party’s call for a Joint Parliamentary Committee investigation.

The Congress has been pushing for the probe since January 2023, raising concerns over alleged irregularities involving Adani and his business dealings, said Ramesh.

Ramesh referred to the party’s “Hum Adani ke Hain” series, where 100 questions were raised about the alleged scams and the links between Prime Minister Narendra Modi and Gautam Adani.
He noted that the questions remain unanswered, reiterating the need for accountability in the matter.

The US prosecutors have charged Adani with deceiving investors by concealing information about his firm's solar energy project in India, which allegedly involved bribery.

Adani has been charged with securities fraud and conspiracy, according to an indictment unsealed on Wednesday. The case focusses on an agreement between Adani Green Energy Ltd. and another organisation to supply 12 gigawatts of solar power to the Indian government.

'BETRAYAL OF INDIAN INVESTORS'

Congress leader Pawan Khera described the allegations against Gautam Adani and his conglomerate as a “betrayal of Indian investors.”

Taking to X, Khera outlined the US charges, including claims that Adani’s group bribed Indian government officials between 2020 and 2024 to secure contracts. Citing media reports, he also pointed out that Gautam Adani personally met a government official to advance the scheme.

Khera referred to a March 2024 incident where the Adani Group allegedly misled the Bombay Stock Exchange and the National Stock Exchange, calling it a “grave violation of investor trust.”

He further highlighted a March 2023 FBI raid on the premises of Sagar Adani, Gautam Adani’s nephew, where electronic devices were seized as part of the investigation.

'SEBI NOT ABLE TO PROVE ANY CHARGES AGAINST ADANI'

Shiv Sena (UBT) leader Priyanka Chaturvedi criticised central probe agencies following US charges against Gautam Adani and others in an alleged bribery case linked to solar energy contracts.

Chaturvedi raised concerns about corporate governance and regulatory oversight in the country. “They talk about corporate governance, responsibility, and accountability. The industrialists should be asked to follow the rules and regulations, but even the agencies were defending him. The SEBI has not yet been able to prove charges against him,” she said, pointing to what she viewed as failures in ensuring accountability.

'BROUGHT DISREPUTE TO INDIA'

On US charges against Gautam Adani, AAP leader Sanjay Singh called for a probe against the industrialist. He said that the probe should be conducted by an investigation agency under the Supreme Court.

"Adani Group has brought disrepute to India. This is a very serious matter. The PM of India should come forward and answer this. All the pending matters against Adani should be probed by an investigation agency under Supreme Court monitoring, and all the corruption done by him, within and outside the country, should come out before the country and action should be taken against him," he said.

BJP DFENDS

BJP IT cell chief Amit Malviya responded sharply to the Opposition’s criticism regarding allegations involving Adani Green Energy and US-based Azure Power. He pointed out that the charges in the indictment are only allegations and emphasised, “The defendants are presumed innocent unless and until proven guilty.”

Malviya argued that the crux of the case concerns agreements to supply 12 GW of power to the Solar Energy Corporation of India (SECI), contingent on SECI securing power purchase agreements with state electricity distribution companies (SDCs).

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News Network
November 18,2024

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Mangaluru: The Ullal police have arrested Manohar, the owner of Vazco Beach Resort, and its manager Bharath in connection with the drowning of three college girls from Mysuru at the resort’s swimming pool on November 17.

City Commissioner of Police Anupam Agrawal confirmed the arrests, stating that a case has been registered under Section 106 of BNS. The bodies of the victims, all in their twenties, have been handed over to their parents. The women had arrived at the resort for a weekend getaway on November 16.

Following the tragic incident, the resort was sealed by officials led by Mangaluru Assistant Commissioner Harshavardhan. The trade license of the resort, issued on June 13, 2024, has been suspended, and the tourism department has temporarily revoked the resort's registration. These actions prohibit the resort from engaging in any tourism-related activities until further notice.

Someshwara TMC Chief Officer stated that the suspension was due to the resort's failure to implement adequate safety measures, which resulted in the loss of three lives. Further investigations are underway.

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