State spends Rs 1.85 lakh crore on guarantee schemes: H.M. Revanna

MYSURU H.M. Revanna, chairman, Karnataka State Guarantee Schemes Implementation Authority on Wednesday said the State government has spent ₹1.85 lakh crore on the five guarantee schemes, accounting for 12% of the State budget. Speaking after a meeting on the formation of guarantee committees at the gram panchayats and ward levels at the Zilla Panchayat office, Mr. Revanna said the benefits of the guarantee schemes reached beneficiaries directly without the involvement of middlemen or payment of bribes.

The schemes benefited eligible beneficiaries irrespective of caste. Each family received benefits worth around ₹5,000 to ₹6,000 under the guarantee schemes. Despite criticism in the initial days, the five guarantee schemes had continued to reach beneficiaries, he said. Referring to the views of several economists on the schemes, Mr.

Revanna said Karnataka ranked top among the States with the highest per capita income. The Gruha Lakshmi scheme had empowered women economically, he added.