Strongly rebutting allegations that guarantee schemes had caused a huge financial burden on Karnataka’s exchequer, Chief Minister Siddaramaiah said the real reason for the financial burden was the erstwhile BJP dispensation’s “financial indiscipline” of floating huge tenders without earmarking the necessary funds and the reduction in State’s share of Central allocation by about ₹80,000 crore.
The Chief Minister also maintained that the guarantee schemes were actually development schemes that had helped in increasing the per capita income of the State.
