The Karnataka Budget has some schemes and projects lined up for northern Karnataka.
A few days after Andhra Pradesh filed a case against Karnataka planning to increase the height of the Almatti dam, Chief Minister Siddaramaiah announced that the State government was committed to taking up land acquisition for the third phase of the Upper Krishna Project.
“Our government has accepted the long-pending demands of farmers and project-affected persons by approving the revised consent rates for the land required for canal network and submergence under the UKP Stage-III project as a result of the increase of the Almatti dam height. As much as ₹30 lakh per acre and ₹40 lakh per acre have been fixed for acquisition of dry and wet land, respectively under the consent award. Land acquisition process will be commenced in the current year,” he said.
For the first time, under the new Industrial Policy 2025-30, additional incentive of 5% for the most backward regions and 3% for the background regions are being provided to promote industrial development beyond Bengaluru. The State government will set up an industrial park on 1,000 acres in Belagavi district to promote economic development and local employment opportunities. To promote MSMEs, eight industrial estates have been established in different districts by KSSIDC. In 2026-27, two new Indistrial estates will be established in Muddebihala, Vijayapura district, and Kampli, Ballari district. Furthermore, in the current year, 1,500 industrial plots will be allocated across 10 industrial estates.
