No big-ticket reforms for industries

Chief Minister Siddaramaiah on Friday did not announce any big-ticket reforms or incentives for industries in the State. 

In the budget speech, he said the government would establish 1,000 micro enterprises in rural areas by investing up to Rs 10 lakh through the district industries centres in order to encourage self-employment among the jobless youth. 

The chief minister said that financial support of up to 50 per cent, with a ceiling of Rs 7.50 lakh, would be provided to micro, small and medium enterprises (MSMEs) in the aerospace sector to help them secure an ISO 9100, NADCAP etc certification to compete globally. 

Siddaramaiah also announced a special package for the revival of the handloom industry in the next five years. He said an expert committee would be formed to suggest measures for encouraging capital investment and market linkages in the handloom industry. 

The budget also mentioned that the government will soon notify two industrial townships in 2014-15. It has also proposed to set up a Special Economic Zone (SEZ) for gems and jewellery industry on 10 hectares of land in Devanahalli, Bangalore Rural district, through the Hutti Gold Mines Limited. The chief minister reiterated that the government would implement the new industrial policy from April 1. 

Funds for Forest dept

The government has earmarked Rs 1,690 crore for Forest, Environment and Ecology department. It has proposed to  construct barricades with used railings at a cost of Rs 212 crore to prevent man-animal conflict. The compensation for crop loss on account of attacks by wild animals has been increased to Rs 75,000 from Rs 50,000.

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