Last Updated on June 14, 2026 2:50 pm by BIZNAMA NEWS
Staff Reporter
Union Finance Minister Nirmala Sitharaman has informed that Karnataka has received five times more Central tax devolution as against the allocation during the UPA tenure. She was addressing the Viksit Bharat Sankalpa Samavesha in Bengaluru today. She refuted the allegations of the Congress-led state government in Karnataka that Karnataka is deprived of Central allocations.
Providing allocation details, the minister said that the state received four lakh Crore rupees in tax devolutions. The state was allowed 18000 crore interest-free loans for 50 years to invest in capital assets. The finance minister also informed that the state received 63000 crore rupees Central funds to construct 8100 kms National Highways, 7700 crore for railway infrastructure and 7000 crore for Bengaluru Chennai Industrial corridor project.
She further said that 1354 crore rupees were granted to take up Renewable energy projects. Koppal and Gadag she said will be green energy hubs by June next year. Nirmala Sitharaman said that Karnataka has also benefited from Jandhan, Mudra loans, Ayushman, Jal Jeevan Mission, Ujwala, Kisan Sammaan, Janaushadhi Kendras and incentives given to start-ups.