The Karnataka government offers various schemes to improve the lives of its residents. These schemes focus on sectors like agriculture, education, healthcare, and employment, providing financial support, subsidies, and skill development programs. The Karnataka Government continues to roll out initiatives that aim to boost economic growth and social welfare, making these opportunities accessible to a wide range of people across the state.
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Generate wealthEarn 1 Cr# in maturity with Zero LTCG tax¶
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The Karnataka government offers a wide range of schemes aimed at improving the lives of its residents. These initiatives focus on areas such as agriculture, education, healthcare, and women’s empowerment. The government strives to provide financial support to various sections of society, especially those in rural and underserved areas.
The Karnataka government works to promote economic development, enhance infrastructure, and improve access to basic services like clean water and affordable housing through these schemes. The overall goal is to create a more inclusive and progressive state.
List of Karnataka Government Schemes
The following table gives a brief overview of the key Karnataka Government Schemes:
Scheme Name
Description
Target Group
Key Benefits
Continuation of Pension (K.B.O.C.W.W.B.)
Ongoing pension support for construction workers.
Construction workers
Regular financial assistance for livelihood.
Shrama Shakthi Scheme
Provides training and loans to minority community entrepreneurs for skill development.
Religious minorities
Skill training, financial support, and entrepreneurship.
Unnati Scheme
Supports startups with funding and resources for SC/ST entrepreneurs.
SC/ST entrepreneurs
Up to ₹50 lakh financial aid for tech-based solutions.
Bhagyalaxmi Scheme
Financial assistance for families with girl children to promote their welfare.
Below Poverty Line (BPL) families
Financial aid for education and health of girl children.
Pension Scheme (K.B.O.C.W.W.B.)
Pension scheme specifically for construction workers under the Karnataka Building and Other Construction Workers Welfare Board.
Construction workers
Regular pension payments to improve financial stability.
Prabhuddha Overseas Scholarship
Scholarships for students pursuing higher education abroad.
Students
Financial support for overseas education expenses.
Udyogini Scheme
Financial assistance and training for women entrepreneurs in rural areas.
Women entrepreneurs
Loans and training to start or expand businesses.
Arivu Education Loan Scheme
Provides educational loans to students pursuing professional courses in Karnataka.
Students
Financial support for higher education in specific fields.
Overseas Educational Loan Scheme
Loans for students seeking education abroad, covering tuition and living expenses.
Students
Financial aid for studying overseas, including living costs.
Vrutti Protsaha Loan Scheme
Loans to promote self-employment among youth through skill development programs.
Youth
Financial support to start self-employment ventures.
Financial Assistance: Provides monetary support to farmers, small businesses, and underprivileged sections.
Subsidies for Education: Offers scholarships and financial aid to students, especially in rural areas.
Health Coverage: The government provides free or subsidized healthcare services to low-income families.
Skill Development: Training programs to enhance skills and increase job opportunities, especially for youth and women.
Agricultural Benefits: Special schemes for farmers, including subsidies on seeds, fertilizers, and crop insurance.
Housing Schemes: Affordable housing projects to help low-income families with homeownership.
Social Welfare: Pensions and financial support for elderly citizens, widows, and differently-abled people.
Conclusion
Karnataka government schemes aim to provide financial support, welfare, and development opportunities for various sections of society. Whether it is through subsidies, grants, or skill development programs, these initiatives are designed to improve lives and boost economic growth. By staying updated with these schemes, residents can access valuable benefits to enhance their personal and professional growth.
Karnataka Government Schemes are programs launched by the state government to support the welfare and development of its citizens. These schemes target various sectors such as health, education, agriculture, and social welfare.
How can I apply for Karnataka Government Schemes?
You can apply for most Karnataka Government Schemes online through official government portals or by visiting the relevant government offices. Some schemes may require specific documents.
What are the benefits of Karnataka Government Schemes?
Karnataka Government Schemes provide financial aid, healthcare, education, and skill development opportunities. These schemes aim to improve the standard of living for underprivileged sections of society.
Who is eligible for Karnataka Government Schemes?
Eligibility varies depending on the scheme. Generally, residents of Karnataka, people from specific social categories, and those with low income may qualify for these programs.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.
Past 10 Years' annualised returns as on 01-07-2025
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
*All savings are provided by the insurer as per the IRDAI approved insurance plan.
Tax benefit is subject to changes in tax laws. Standard T&C Apply
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^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
**Returns are based on past 10 years’ fund performance data (Fund Data Source: Value Research).
Generate wealth Earn 1 Cr# in maturity with Zero LTCG tax¶
Double tax savings^ On premiums (under 80C) and on maturity (under 10(10D))
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