Karnataka   

`Suvarna Karnataka' on fast track of growth

S. Rajendran

BANGALORE: The ideological differences between them notwithstanding, the Janata Dal (Secular)-Bharatiya Janata Party (BJP) coalition Government in Karnataka has remained focussed on development. Terming the financial situation of the State "buoyant", Chief Minister H.D. Kumaraswamy and Deputy Chief Minister B.S. Yediyurappa exuded confidence that the Suvarna Karnataka year would usher in a golden era.

After tiding over the pathetic finances, the State hopes to post Rs. 1,500 crore extra revenue this fiscal.

With a majority of the population depending on agriculture for livelihood, Mr. Kumaraswamy and Mr. Yediyurappa told The Hindu here on Tuesday that the Government had set itself a target of disbursing loans of Rs. 3,500 crore at 4 per cent interest. In seven months, the Government has disbursed loans of Rs. 2,000 crore to 7.46 lakh farmers. But this time, weavers, fishermen, self-help groups, and other sections of society, besides farmers, will get the subsidised loan.

Mr. Kumaraswamy said the State Government had an ambitious plan to decongest Bangalore with the Centre's cooperation. The Government wants to set up five satellite towns in a radius of 30 to 40 km around Bangalore and link them and the core part of Bangalore with radial and rings roads. These satellite towns are expected to provide cheap housing to the people.

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