Karnataka’s Deputy CM G. Parameshwar acknowledges pressure on finances due to guarantee schemes
Karnataka’s deputy chief minister G. Parameshwar said the state’s finances are strained by the cost of guarantee schemes. He noted that the programmes, which promise financial backing for certain projects, are creating fiscal pressure. On September 26, municipal administration minister H.C. Balakrishna highlighted the difficulty of rolling out these schemes, emphasizing implementation challenges. They aim to boost infrastructure but risk fiscal strain.