Union Finance Minister Nirmala Sitharaman is presenting the 5th budget today. With Karnataka Assembly Elections to be held in Karnataka, there was a high expectation that Karnataka would get any contribution in the budget from the central government. Karnataka get bumper in Union Budget 2023: 5,300 crore for Upper Bhadra Project.
Karnataka CM Basavaraja Bommai will present the state budget (Karnataka Budget 2023) on Feb 17th, and before that the Narendra Modi government has announced many projects for Karnataka. 5300 crore for Upper Bhadra Irrigation Project.
Karnataka’s Upper Bhadra Project has been declared as a national project and will cost Rs 5,300 crore. Funds are earmarked. Basavaraja Bommai’s government had put constant pressure on the central government in this regard. Now this announcement will be of great benefit to the people of central Karnataka.
In April 2022, Karnataka Chief Minister Basavaraja Bommai had said that steps had already been taken to declare the upper Bhadra project as a national project. 16,000 crore once the Upper Bhadra project is declared as a national project. He said that it will be available for this project.
The Upper Bhadra Project will provide irrigation of about 19 TMC feet of water to about 2.25 lakh hectares of Chikkamagaluru, Chitradurga, Davangere and Tumkur districts. The project envisages filling more than 350 tanks using 10.8 TMC feet of water along with increasing the capacity of Vani Vilasa reservoir.
Also, Nirmala Sitharaman has announced that interest-free loans will continue for 50 years to all states. Capital Expenditure Limit of States Raised to Rs 1.3 Lakh Crore. This is per cent compared to the amount fixed in the last financial year. 30 percent increase. When Nirmala Sitharaman was presenting the budget, Modi Modi announcement was heard in Parliament.
Also Read: Union Budget 2023 Live: 2.4 lakh crore for railways, 50 additional airports
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