Karnataka CM Siddaramaiah presents the state budget for 2025-26, with Dy CM D K Shivkumar listening in.
Credit: CMO
Karnataka Chief Minister Siddaramaiah on Friday (March 7) presented his record 16th budget as finance minister.
In 2024, CM Siddaramaiah had a budget outlay of Rs 3,58,657 crore. This time, the total receipts estimated in budget for fiscal year 2025-26 is Rs 4,08,647 crore.
"By prioritizing key sectors such as infrastructure, irrigation and social welfare, we are laying the foundation for long-term prosperity. At the same time, the fiscal discipline we have outlined will ensure stability and strengthen financial position of the State. As we move forward, this budget will not only foster growth but also secure a strong fiscal health of the State. I ask for the support of every member of this House in order to carry out the plans outlined in this budget into action. I am confident that with all your support, we can collectively lead the State towards progress," said CM Siddaramaiah.
Here are the key takeaways from the budget 2025-26:
Karnataka Budget 2025-26 | Allocation for five guarantee schemes
File Photo: Minister H C Mahadevappa, Chief Minister Siddaramaiah, Congress president Mallikarjun Kharge, Congress leader Rahul Gandhi, Deputy Chief Minister D K Shivakumar and others pose with the beneficiaries at the launch of the Rs 2,000-per month guarantee scheme for women in Mysuru.
DH File Photo
Shakti scheme: Rs 5,015 crore expenditure was incurred during 2024-25 for the free bus travel scheme for women. The government has earmarked Rs 5,300 crore for shakti scheme for the year 2025-26.
Gruha Jyothi scheme: During year 2024-25, Rs 9,657 crore was provided for this scheme, where in citizens are entitled to get 200 units free electricity. In the current year Rs 10,100 crore will be provided towards this scheme. A total of 1.62 crore consumers have registered for the scheme.
Anna Bhagya Scheme: The financial assistance of Rs 170 (per person of the family) that was previously given in place of additional five kg of rice under the scheme will be replaced with five kg of actual rice.
Yuvanidhi Scheme: About 2.58 lakh youths have registered with Yuvanidhi Scheme. Unemployment allowance of Rs 286 crore has been transferred through Direct Benefit Transfer (DBT).
Apart from the unemployment allowance, government said future skill training is being imparted to the youths under Industry Linkage Cell (ILC).
Gruha Lakshmi Scheme: During 2024-25 fiscal, financial assistance was successfully provided to 1.22 crore women heads of households at a cost of Rs 28,608 crore. The government will continue to provide Rs 2,000 per month to the women heads of the house.
In total, CM Siddaramaiah has allocated for Rs 51,034 crore for all the five guarantee schemes for the 2025-26 fiscal year.
Karnataka Budget 2025-26 | Agriculture
A farmer ploughs a field as he prepares his farm for sowing, in Hubli district, Karnataka.
Credit: PTI photo
-- Raita Samruddhi Yojane will be implemented to make agriculture profitable and sustainable for small and marginal farmers.
--Model integrated farming plots to be developed in each of the 10 agro-climatic zones .
-- Under Farm Mechanization Support, Rs 428 crore allocated to support 50,000 farmers in 2025-26 .
-- Rs 440 crore allocated to benefit 1.81 lakh farmers for micro-irrigation adoption in rain-fed regions .
-Rs 88 crore allocated for toor dal production enhancement such as crop expansion, intercropping, and new technologies to make Karnataka a leader in Toor Dal production
-- Under Krishi Bhagya Scheme, more 3 lakh farm ponds constructed to support irrigation in the previous year. The government plans to build additional 12,000 farm ponds in 2025-26 .
-- As part of Digital Agriculture Initiatives, government will establish Digital Agricultural Service Centres using AI, geospatial tech, and data analytics .
-- Since 64 per cent of Karnataka’s cultivated area is rain-fed, a comprehensive Rainfed Agriculture Policy will be introduced .
-- As part of Soil & Water Conservation Initiatives, land resource inventory completed for 12.90 lakh hectares under the World Bank REWARD Scheme. This year, government sets target to cover 11 lakh hectares more in 2025-26 .
-- Rs 25 crore earmarked for Mandya Agriculture University.
-- Rs 20 crore allocated to promote organic & millet farming.
-- Government to build new Agriculture Research station Muddebihal, Vijayapura district. And, government will do feasibility study for an Agriculture College in Athani, Belagavi district
Karnataka Budget 2025-26 | Bengaluru infrastructure projects
Traffic on Tumakuru Road, North Bengaluru, Image for representation.
Credit: DH Photo/B H Shivakumar
-- Total yearly grant for BBMP is increased from Rs 3,000 crore to Rs 7,000 crore.
-- Rs 40,000 crore planned for signal-free North-South and East-West tunnels, with Rs 19,000 crore as a government guarantee.
-- Rs 8,916 crore for 40.5 km double-decker flyover integrated with Namma Metro Phase 3.
-- Rs 3,000 crore for 300 km of additional roads using canal buffer zones.
-- Rs 650 crore for 460 km of arterial & sub-arterial roads.
-- 120 km of flyovers and grade separators.
-- 73 km Bengaluru Business Corridor (formerly Outer Peripheral Ring Road) at Rs 27,000 crore with HUDCO assistance. Land acquisition in progress.
-- A state-of-the-art Bengaluru Signature Park will be developed in Devanahalli in 407 acre area. An amount of Rs 50 crore has already been released to provide connectivity to this area for building a flyover under the state government funds.
-- The Bengaluru Majestic bus stand aka Kempegowda Bus Stand will be redeveloped under Project Majestic scheme with the public-private partnership model. It is envisaged to construct a transport hub consisting of a commercial complex.
-- Under PM e-DRIVE, PM-eBus Sewa and Externally Aided Projects, around 9,000 buses will be provided to BMTC.
-- To facilitate smooth traffic for the public and to enhance basic infrastructure amongst the transport corporations, a new satellite bus stand will be constructed at K R Puram in Bengaluru East zone on public private partnership model.
-- Rs 3,000 crore for BWSSB (Bangalore Water Supply and Sewerage Board) to develop systematic drainage network and Sewage Treatment Plants (STPs).
-- Rs 2,000 crore for flood management under Karnataka Water Security & Disaster Resilience Program.
-- Rs 5,550 crore for Cauvery Stage-V project to add 775 MLD capacity, benefiting 50 lakh people in 110 villages.
-- Government to prepare Cauvery Stage-VI DPR.
-- Rs 1,070 crore allocated for wastewater treatment plants and sewage pumping systems.
--Varthur and Bellandur lakes being restored at Rs 234 crore by BDA.
-- 14 lakes under BBMP being rejuvenated for Rs 35 crore.
Namma Metro
-- Currently, Namma Metro has 79.65 km of operational network, serving 8.5 lakh daily commuters across 68 stations.
-- Government-run BMRCL plans add 98.6 km of metro routes in the next two years including extension planned up to Devanahalli (near airport).
-- Rs 8,916 crore allocated for the 40.5 km double-decker flyover with Metro Phase 3.
Karnataka Budget 2025-26 |Health and Family Welfare schemes
File Photo: Dinesh Gundu Rao, Minister for Health and Family Welfare, Government of Karnataka, pens a message for Indian Cancer Society.
Credit: Special Arrangement
In the year 2025-26 the following health infrastructure improvement projects will be implemented:
--Rs 320 crore allocated to prevent maternal mortality in the state.
--A state-of-the-art and well equipped 200 bedded hospital will be constructed at a cost of Rs.150 crore in Bengaluru North Taluk.
-- PHCs of the newly announced taluks of Hanur, Alanavar, Annigeri, Maski, Sirivar, Kapu, Babaleshwar, Kolhar, Cheluru and Terdal will be upgraded to Community Health Centres. A new CHC will be established in Ponnampet.
--Taluka Hospitals in Maluru, Magadi, Kushalanagar, Koratagere, Jagaluru, Savanuru, Ramadurga and Savadatti and district hospital in Davangere and Wenlock Hospital in Mangaluru will & renovated at a cost of Rs 650 crore.
-- It is proposed to establish a new Medical college at Puttur. To this end, action will be initiated to upgrade the present 100-bedded Taluka hospital during this year.
-- A 200-bedded hospital will be established at Molakalmuru in Chitradurga district and a 400-bedded hospital will be established at Virajapete in Kodagu district.
-- Community Health Centre at Tagaduru in Mysuru district will be upgraded to a 100-bedded hospital.
-- District and Taluk hospitals which require extensive repairs will be renovated at a cost of Rs 183 crore in a phased manner.
-- To provide quality health services, to improve the health indicators and strengthen health systems in Kalyana Karnataka region under the Kalyana Karnataka Comprehensive
-- Health Scheme several initiatives have been undertaken at the cost of Rs 873 crore.
-- Cashless treatment up to a cost of Rs 5 lakh will be provided to more than 3 lakh employees and their dependents working in different government departments on contract, outsourced and on honorarium basis through Suvarna Arogya Suraksha Trust with a monthly contribution of Rs 100 from employees and Rs 200 from the government.
Karnataka Budget 2025-26 | Child welfare schemes
School children in a school in Karnataka.
Credit: DH Photo
-- Government has allocated Rs 62,033 crore for children-centric programmes .
- Eggs/Bananas given to 53 lakh schoolchildren increased from 2 to 6 days per week (Rs 1,500 crore).
-- Sai Sure Ragi Health Mix now 5 days per week (Rs 100 crore, with 25% funded by the state) .
-- Government to offer special support for children with disabilities & health needs
-- Monthly incentive for HIV-infected/affected children doubled to Rs 2,000.
--- Monthly food allowance for Residential Special School children increased to Rs 1,750.
-- Upgradation of Mysuru & Belagavi residential schools for special children (Rs 5 crore) .
-- Government Deaf and Dumb School (Ballari) and Blind Children’s School (Hubballi) to be upgraded to high schools
Karnataka Budget 2025-26 | Women welfare schemes
File Photo: Women applicants seen waiting for their turn to submit applications and avail Rs 2,000 under Gruha Lakshmi scheme at Karnataka One centres at Mallikatte in Mangaluru.
Credit: Special Arrangement
-- Govt has allocated Rs 94,084 crore allocated for women-centric programmes including for Gruha Lakshmi Scheme (Rs 28,608 crore) and financial support for women workers
-- Monthly honorarium for Anganwadi workers increased by Rs 1,000 and helpers by Rs 750.
-- As part of Women Empowerment & Employment Initiatives, government to set up Akka Co-operative Society to support women in Self-Help Groups (SHGs).
-- Indira Canteens in 10 urban areas will be run by SHGs.
-- Rs 320 crore allocated to reduce maternal mortality in mission mode.
-- Rs 173 crore for 6,000-capacity dormitory for working women in Narasapura, Kolar.
-- Rs 20 crore for working women’s hostel in Tumkur.
Karnataka Budget 2025-26 | SC/ST welfare schemes
Karnataka Chief Minister Siddaramaiah (C), cabinet minister H C Mahadevappa (R), and others.
Credit: PTI File Photo
In the year 2025-26 a total of Rs 42,018 crore has been provided under Karnataka Scheduled Castes Sub-Plan and Tribal (SCSPTSP).
Sub-Plan including Rs 29,992 crore for Scheduled Caste Sub-Plan and Rs 12,026 crore for Tribal Sub-Plan.
-- Under the provisions of Karnataka Transparency in Public Procurement Act, the reservation provided to Scheduled Caste, Scheduled Tribe, Category-I, Category-IIA and Category-IIB contractors in works will be increased to Rs 2 crore.
-- Under the provisions of Karnataka Transparency in Public Procurement Act, reservation will be provided in procurement of goods and services under various government departments, corporations and institutions to suppliers belonging to Scheduled Caste, Scheduled Tribe, Category-I, Category-IIA and Category-IIB up to Rs 1 crore.
-- Under the Pragati Colony Scheme, development works worth Rs 559 crore have been approved to provide necessary infrastructure in Scheduled Castes colonies in the state during the year 2024-25.
-- An allocation of Rs 222 crores will be provided during the FY 2025-26 to complete these works.
--With an aim to prevent atrocities against Scheduled Castes/ Scheduled Tribes communities, 33 special police stations have been started under the Directorate of Civil Rights Enforcement.
-- With the aim of encouraging Scheduled Caste, Scheduled Tribes and Backward Classes students to pursue higher education, 31 residential schools, one in each district will be upgraded as PU colleges.
-- In hoblis which do not have residential schools, 26 new Scheduled Caste and Scheduled Tribes residential schools will be started.
-- Own buildings for a total of 61 KREIS residential schools including 40 Scheduled Castes, 7 Scheduled Tribes and 14 Backward Classes residential schools for which land is available will be constructed at a cost of Rs 1,292 crore.
Schedule Tribes Welfare schemes
-- Under Student Scholarship Programme, scholarship amount of Rs 120 crore has been sanctioned to a total of 3,67,281 pre-matric and post-matric students during year 2024-25. This programme will be continued.
-- Under the Nutritious Food Scheme, food kits are being given to 47,859 families belonging to 12 Scheduled Tribe communities living in and on the fringes of forests at a cost of Rs 120 crore.
-- 7th standard classes will be started from 2025-26 in 78 Tribal Residential Schools established for promoting tribal education. Five residential schools in Chamarajanagar, Mysuru and Kodagu Districts will be upgraded to class 12.
-- 20 new Scheduled Tribe Post-Matric Hostels will be started in the FY 2025-26.
-- In order to help Large Area Multi-Purpose Societies (LAMPS) to procure and process minor forest produce, working capital subsidy of Rs 5 lakh each will be provided.
-- It is envisaged to establish a Tribal Museum in the campus of Tribal Research Institute in Mysuru city to showcase the Tribal Culture of the State.
-- The Scheduled Tribes of Soliga, Halasa, Jenukuruba, Gowdalu, Siddi, Kudiya, Malekudiya, Kadukuruba, Iruliga, Koraga, Bettakuruba, Yerava, Paniyan etc. living in tribal hamlets in forests and forest fringes are deprived of basic facilities. Rs.200 crore will be set aside to provide these tribes with basic infrastructure such as electricity, water, roads, drains etc.
-- Action will be taken for Special Direct Recruitment of 13 forest dwelling Scheduled Tribes of Soliga, Halasa, Jenukuruba, Gowdalu, Siddi, Kudiya, Malekudiya, Kadukuruba, Iruliga, Koraga, Bettakuruba, Yerava, Paniyan to give these communities representation in State Civil Services.
Backward classes welfare schemes
-- Backward classes hostels will be provided with necessary infrastructure at a cost of Rs 50 crore.
-- Own buildings will be constructed for 30 Post-matric hostels of the Backward Classes Welfare Department which are currently functioning in rented buildings.
-- D Devaraja Urs Residential Schools will be started by KRIES in each of the four revenue divisions of the state for students belonging to 46 nomadic and semi – nomadic communities belonging to backward classes. These communities are considered the most backward among the backward communities and are deprived of educational facilities.
-- Various development works will be taken up in Sangolli of Bailahongala taluk and Nandagada of Khanapura taluk up by Kranthiveera Sangolli Rayanna Authority in a phased manner at a cost of Rs 28 crore.
-- To aid the education of backward classes students studying in Engineering and Medical colleges 2 Post-matric hostels will be started in each district of the State with a total of 62 hostels. Rs 15 crore has been provided in FY 2025-26. Out of these, 10 engineering hostels will be constructed by the Backward Classes Welfare Department in collaboration with Vishveshwaraiah Technological University in 50:50 funding ratio.
-- Rs 25 crore will be provided for building repairs of backward class hostels having their own buildings.
-- Rs 100 crore will be provided for comprehensive development of nomadic and semi – nomadic community colonies. Land ownership scheme will be implemented for nomadic and semi – nomadic communities belonging to backward classes. Along with this skill training will also be provided from Skill Development Department.
-- Two well-equipped hostels for boys and girls will be constructed in Bengaluru City to provide residential training to backward classes candidates for competitive examinations such as IAS, IPS, KAS, KSPS etc.
-- In the allotment of industrial sites/lands under Karnataka Industrial Area Development Board, 20% of land will be reserved in each industrial area for Category-I, IIA and IIB communities. A time of one year will be given for making the full payment after the initial deposit is made.
Karnataka Budget 2025-26 | Minorities welfare schemes
File Photo: Housing and Minority Welfare Minister B Z Zameer Ahmed Khan spent his 57th birthday with the Manipur girls, who have taken shelter at St Teresa Educational Institutions in Chamarajpet.
Credit: Special Arrangement
-- An additional building in Haj Bhavan at Bengaluru will be constructed to provide with facilities and amenities to Haj pilgrims and their relatives.
-- Action has been taken to construct 15 women's colleges in vacant plots of Waqf institutions to support higher education of minority women in the year 2024-25. Further, 16 new women's colleges will be started during 2025-26.
-- Select 100 Urdu medium schools with the highest enrolment run by the Education Department will be strengthened by allocating Rs 100 crore in the present year out of the total upgradation cost of Rs 400 crore for providing basic facilities in line with Karnataka Public Schools to enhance learning standard and these schools will be upgraded as Maulana Azad Public Schools.
-- Action Plan for Rs 1,000 crore has been prepared under ‘Chief Minister’s Minority Colony Development Programme’. Works will be implemented in the FY 2025-26.
-- To promote simple marriages amongst the economically backward minority communities, an amount of Rs 50,000 will be provided as expenses for each couple to NGOs who organise such Mass marriages.
-- An amount of Rs 2 crore has been provided to create necessary infrastructure in the Gurudwaras of the State.
-- A Buddhist Study Academy will be established in Bengaluru. The 100-year-old library at the Mahabodhi Study Centre in Bengaluru will be digitalized and upgraded at a cost of Rs 1 crore.
-- Grants worth Rs 100 crore have been earmarked for the Comprehensive development of Jain, Buddhist and Sikh communities. Rs 250 crore will be provided for the development of Christian community.
-- The honorarium given to Jain priests, Chief Grantis of Sikhs and Pesh-Imams of mosques will be enhanced to Rs 6,000 per month. The honorarium given to Assistant Granti and Muezzin will be increased to Rs 5,000 per month.
-- A Sannati Development Authority will be established in the ancient Buddhist centre of Sannati in Chittapura taluka of Kalaburgi district.
-- Multi-purpose halls will be constructed across the state for the minority communities to organize cultural and social activities. The halls will be constructed at a cost of Rs 50 lakh at hobli and taluk level and Rs 1 crore at district headquarters and city corporation areas.
Karnataka Budget 2025-26 | Cinema and Media
A scene in Kannada movie KGF-1 starring Yash.
Credit: File Photo
"Cinema Sector will be given the status of an industry and the facilities provided under the Industrial Policy will be extended to the cinema industry by our Government,'' said CM Siddaramaiah.
Other key announcements include:
-- The cost of the ticket of each show in all theatres of the state including multiplexes will be capped at Rs 200
-- A multiplex movie theater complex will be developed under Public Private Partnership (PPP) in 2.5 acre land owned by the Karnataka Film Academy in Nandini Layout, Bengaluru.
-- With the aim of preservation of Kannada movies depicting social, historical and cultural values, a repository of Kannada movies will be created in digital and non-digital formats at a cost of Rs 3 crore.
-- An OTT platform will be created in the state to promote Kannada movies.
-- For developing an International level Film City in Mysuru at the cost of Rs 500 crore in PPP model, 150 acre land has been transferred to Department of Information and Public relations. The Film City is expected to be completed next year.
-- Monthly pension for journalists facing hardship will be increased from Rs 12,000 to Rs 15,000 and family pension from Rs 6,000 to Rs 7,500.
-- Under ‘CM Maadhyama Sanjeevini’ scheme, government will provide cashless treatment of up to Rs 5 lakh to a total of 2,500 accredited journalists and their dependents in the state.
Karnataka Budget 2025-26 | Fund allocation for Karnataka home ministry
Karnataka State Police personnel.
Credit: PTI File Photo
"Law and order plays an important role in the economic development of the state. The following measures have been taken in this regard, zero tolerance policy has been adopted against those who disrupt social harmony and strict and decisive action is being taken," CM Siddaramaiah said.
Key announcements with regard to home department:
-- Seven police station buildings will be completed and dedicated to the public. Further, works for construction of 12 police stations, 1 sub-division office, 2 circle offices and 1 police out post building at a cost of Rs 30 crore have been taken up and action will be taken to complete them expeditiously in Bengaluru.
-- With an aim to increase the mobility, Rs 50 crore will be allocated under the Police Mobility Scheme for the procurement of 1,000 new vehicles, benefiting all departments under the Home Department
-- To take stringent action against the growing cyber-crimes and narcotic drugs consumption and peddling in the state, Cyber Crime Division will be strengthened with a grant of Rs 5 crore.
-- Two Indian Reserve Battalions will be established at Kudugurki near Nandi Hills and in KGF. A grant of Rs 80 crore has been provided for this purpose.
-- For effective policing of Bengaluru city the number of police divisions will be increased from 8 to 11.
-- There are 5 bomb detection and disposal Squads working at present. Four more bomb detection and disposal squads will be set up at Bellary, Davanagere, Mysuru and Bengaluru Central Zones during this year.
Karnataka Budget 2025-26 | Tourism development
A coast in Karnataka's temple town of Gokarna.
Credit: iStock Photo
The new Tourism Policy 2024-29 is envisioned to tourism a priority sector through holistic and sustainable development.
"An investment of Rs 8,000 crore and job creation of 1.5 lakh is aimed to be achieved through this Policy," CM Siddaramiah said.
Key announcements include:
-- Sri Renuka Yallamma Temple, one of the major religious centres of the State, and Devika Rani Roerich Estate will be developed under the Special Capital Assistance Scheme, with a total expenditure of Rs 199 crore.
-- Tourist destinations in 10 select districts of the state will be developed at a cost of Rs 50 crore in the year 2025-26.
-- Promotion of educational, health, adventure, environmental, water sports and coastal tourism in the state will be done through coastal development and upgradation of wayside amenities(Highway Hubs) in the districts of Dakshina Kannada, Udupi and Uttara Kannada.
-- Basic infrastructure at UNESCO World Heritage places of Beluru, Halebidu and Somanathpura will be developed with upgraded facilities.
-- Pravasi Mitras working at tourist spots will be trained for the safety of tourists and their numbers will be increased to 1,000.
-- 24X7 helpline will also be made operational for providing information to tourists.
-- For development of essential infrastructure for conservation of important monuments of the state, 25 monuments are given for adoption. Further it is intended to give more monuments for adoption under Namma Smaraka Digital Forum.
Karnataka Budget 2025-26 | Employment generation initiatives
Karnataka's new Industrial Policy 2025-30 will create a conducive environment for industries in the State. (Representative image)
Credit: iStock Photo
By the end of December 2024, Karnataka attracted foreign investment of $4.4 billion. It was ranked 3rd in the country and achieved first rank with exports worth $88.85 billion. In comparison to the previous year, the State has achieved a growth of 11.17% in overall exports.
--The new Industrial Policy 2025-30 will create a conducive environment for industries in the State. It aims to attract Rs 7.5 lakh crore worth investment creation of 20 lakh new jobs.
-- In the recently concluded, Global Investors Meet-Invest Karnataka-2025, MoUs have been signed with various organisations for an investment of Rs 10.27 lakh crore. This is expected to create more than 6 lakhs job opportunities in the State
-- CM Siddaramaiah noted that Foxconn, a prominent Apple supplier has started a mobile phone manufacture plant in Devanahalli Industrial Area with a capital investment of Rs 21,911 crore. This company will be provided with an incentive of Rs 6,970 crore by ESDM.
-- As part of Beyond Bengaluru plan, industries will be encouraged to set up plants in North Karnataka region.
-- It is envisaged to establish a flatted factories with Plug & Play facility in Thidagundi, Vijaypura District, new industrial area.
-- Further, multi-Sector Net-Zero Sustainability Industrial Park in PPP mode will be established in Shivarapattana industrial area of Kolar District in an effort to control pollution.
-- A Japanese Industrial park will be set up at the Tumkur Industrial Node under the Chennai-Bengaluru Industrial Corridor project. It is intended to utilise the World Expo Platform scheduled to be held in Osaka, Japan to attract more investments to the State.
Karnataka Budget 2025-26 | Initiatives to encourage startups in Bengaluru and tier-II, tier-III cities
Startup ecosystem will be developed in Mysuru, Mangaluru, Hubballi-Dharwad and Kalburgi.
Credit: iStock Photo
"To stimulate innovation and entrepreneurship in cities other than Bengaluru, a Local Economy Accelerator Program -LEAP will be launched in the current year with a grant of Rs 1,000 crore, said CM Siddaramaiah
-- An allocation of Rs 200 crore has been made during the present financial year. This initiative will aim at creating 5 lakh employment opportunities across the state. The following initiatives will be taken up under this program.
-- Startup ecosystem will be developed in Mysuru, Mangaluru, Hubballi-Dharwad and Kalburgi.
-- A lifecycle approach will be followed to set up incubators, accelerators, centre of excellence and Global Technology Centres (GTCs).
--Rs 300 Crore for Fund-of-Funds and a corpus fund of Rs 100 crore for Deep-tech development will be earmarked.
-- To make Karnataka a leader in the field of Artificial Intelligence (AI), a Centre for Applied AI for Tech Solutions (CATS) will be established with an investment of Rs 50 crore over the next five years.
-- To promote the development of quantum technology a Quantum Research Park Phase-2 will be set up with a grant of Rs 48 crore over the next three years in collaboration with the Indian Institute of Science, Bengaluru.
-- In order to further strengthen Karnataka’s leadership in the Global Capability Centres, Global Innovation Districts will be developed by KEONICS in Mysuru, Belagavi, Dharwad and Bengaluru.
-- New sub-regional science centres will be established in Kolar, Ramanagara, Chitradurga and Vijayanagara districts. Rs 9 crore has been provided in the current year.
-- A state-of-the-art PCB Park will be developed in Mysuru on 150 acres of land, creating a dedicated ecosystem for electronics manufacturing.
-- The SensorTech Innovation Hub will be set up at a total cost of Rs 99 crore in collaboration with the Government of India and in partnership with industry to encourage research and development, skills and ecosystem development for sensors in Karnataka.
-- KEONICS will establish three new Global Technology Centres as plug-and-play facilities in Mangaluru, Hubli and Belagavi.
-- An Agri-Tech Accelerator will be established in Kalaburagi for technology integration in the agriculture sector.
-- A flat factory with plug & play facility will be set up in Kalaburagi.