BENGALURU: Chief Minister Siddaramaiah, in his budget speech, said the Congress government has proposed a unique ’11G economic model’ for the ‘strong and sustainable development of Karnataka’.
The 11G model includes — Guarantee economy, Good public education, Good health for all, Grassroots economy, Good governance, Gig economy, Geographical equality, Global trade economy, Globe-trotting economy, Green economy and Growing urban economy.
“Karnataka plays a distinctive role in national and international trade. Rapid developments in Artificial Intelligence (AI) are transforming global production systems. Innovations in science and technology are increasingly shaping the trajectory of our State. In this context, we must move forward with the resolve to turn ‘fire into light’,” the CM said.
#WATCH | Bengaluru: Karnataka CM Siddaramaiah presents the State Budget at the Vidhana Soudha.
(Source: Karnataka Assembly) pic.twitter.com/iPMV4OKAed
— ANI (@ANI) March 6, 2026
“We are one of the major states that contributes highest to the tax revenue of the country. Our government prioritised providing economic security and social stability to people through the implementation of Guarantee Schemes inspired by the concept of Universal Basic Income. Numerous national and international studies indicate that these schemes have significantly improved the economic conditions of crores of families and enhanced the purchasing power of the people”, the CM said.
Further, he said, “We have also focused on increased capital investment, infrastructure development, and long-term economic transformation alongside welfare programmes. We are investing substantially in people-centric welfare programmes, based on premise by Amartya Sen that “economic growth that neglects investment in human development is not only unstable but unethical”.
“More than 45 products from Karnataka have received Geographical Indication (GI) status. This recognition reflects the traditional ingenuity of our people and contribute significantly to employment generation. We are strengthening the administrative system by filling vacant posts in major departments”.
“In line with our election manifesto, employment generation remains a priority. This year, we have initiated the process to fill 56,432 posts. Considering delays due to court cases in recruitment processes, we have granted a one-time relaxation of five years in the upper age limit”, the CM said.
“Along with filling government posts, we are prioritising the construction of roads, bridges, and public buildings. In addition to departmental allocations, we have taken up roads and infrastructure works to the extent of Rs. 8,600 crores under the Chief Minister’s Infrastructure Development Programme which was launched last year. We will take up works of Rs. 4,000 crores as second phase of this programme during the present year”, he noted.
“We are giving priority to providing houses for the homeless and creating self-employment opportunities for unemployed youth. Appropriate strategies are also being formulated to mitigate the challenges posed by climate change.
Greater emphasis is being placed on redressing regional disparities. In-principle approval has been granted to the recommendations of the Prof. M. Govinda Rao Committee. We remain committed to examining and implementing the recommendations of the State Policy and Planning Commission, the Fifth Finance Commission, and the Administrative Reforms Commissions”.
“Karnataka’s achievements in information technology, biotechnology, start-ups, electronics, and aerospace sectors are attracting global investment and talent. The “Beyond Bengaluru” concept is drawing increased investment to other regions of the State. The new Industrial Policy will promote development in Tier-2 and Tier-3 cities”.
“Though we have been striving for the development of our state beyond our capacity, the Union Government continues to treat our State unfairly by disregarding the constitutional principles of cooperative federalism. Reduced Central share in Centrally Sponsored Schemes, discriminatory allocation in Central Sector schemes, injustice due to from the Fifteenth Finance Commission’s revenue sharing formula, non-implementation of special grants recommended by the same Commission, and the untimely rationalisation of GST rates have all led to additional burden and pressure on the State exchequer”.
“The systematic weakening of the Mahatma Gandhi National Rural Employment Guarantee Scheme by the Union Government threatens the people’s right for employment and increases the financial burden on States. Under such circumstances, everyone must unite across party lines to safeguard the interest of the state and assert its rightful claims”.
This Budget reaffirms our Government’s commitment to formulating and implementing programmes that complement the State’s holistic development. Despite non-co-operation from the Union Government, we have maintained fiscal discipline while achieving economic growth. This reflects our responsible governance. This Budget has been designed with a vision to build a bright future for the State. It is the collective responsibility of all of us to work beyond party lines for the development of Karnataka”, Chief Minister Siddaramaiah said.
