Karnataka Deputy CM admits financial strain from guarantee schemes
· India · The Hindu, deccanherald, Deccan Herald
Karnataka Deputy Chief Minister G. Parameshwara acknowledged on September 28, 2026 that the state's five guarantee schemes have increased financial pressure, with costs rising from an estimated ₹45,000 crore to over ₹50,000 crore. The remarks came amid concerns from ruling party lawmakers in Bengaluru. Municipal Administration Minister H.C. Balakrishna separately noted the schemes' implementation challenges. The government also addressed a pension controversy, having removed 23 lakh ineligible beneficiaries but later expanding eligibility thresholds.
Why it matters
The fiscal strain affects Karnataka's budget allocations for other welfare programs and infrastructure projects, with potential implications for state finances.
Read the original report — The Hindu
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