HDK expresses concern over State’s borrowings

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Union Minister for Heavy Industries and Steel H. D. Kumaraswamy greeting Minister for Women and Child Development Laxmi Hebbalkar astatine  the 397th Aradhana of Sri Guru Budiswamy astatine  the Ukkinakante Mutt successful  Madahalli colony   successful  Hunsur taluk connected  Saturday.

Union Minister for Heavy Industries and Steel H. D. Kumaraswamy greeting Minister for Women and Child Development Laxmi Hebbalkar astatine the 397th Aradhana of Sri Guru Budiswamy astatine the Ukkinakante Mutt successful Madahalli colony successful Hunsur taluk connected Saturday. | Photo Credit: SPECIAL ARRANGEMENT

Union Minister for Heavy Industries and Steel H. D. Kumaraswamy has expressed interest implicit the borrowings by the State Government and warned Chief Minister Siddaramaiah astir the concern turning “miserable” successful the coming days.

Participating successful the 397th Aradhana of Sri Guru Budiswamy astatine the Sri Ukkinakante Mutt successful Madahalli colony successful Hunsur taluk connected Saturday, Mr. Kumaraswamy said the State Budget was a specified papers with statistic that does not service immoderate purpose.

Cautioning the Chief Minister that that the concern could crook grim successful the coming days and that decisions indispensable beryllium taken cautiously. Mr. Kumaraswamy turned to Minister for Women and Child Development Laxmi Hebbalkar, who was besides contiguous connected the occasion, and raised the contented of ₹ 2,000 paid to women by the Government nether the Gruha Lakshmi scheme.

“I person nary objection to the ₹2,000 Gruha Lakshmi fiscal assistance being fixed to women by your department. I bash not reason that scheme. In the past 3 years, astir ₹70,000 to ₹75,000 crore mightiness person been distributed nether this programme. But wherever are you bringing the wealth from?” helium asked.

He said the State’s full indebtedness has present reached ₹8.24 lakh crore, and the authorities is readying to get an further ₹1.32 lakh crore this year. “Where is each this borrowed wealth going? There is nary superior expenditure and nary authorities assets are being created. Then what precisely are you doing with each the borrowed money?” helium asked.

He asked Ms. Hebbalkar to counsel the Chief Minister connected the matter. “Please counsel your Chief Minister a little. Otherwise, the State’s concern volition go miserable,” helium cautioned.

Kumaraswamy said helium had served doubly arsenic Chief Minister for a abbreviated period. “When I promised to waive workplace loans, galore mocked maine asking however I would bash it without money. Yet, I implemented the indebtedness waiver without borrowing from anywhere,” helium said.

Several seers including Shivarathri Deshikendra Mahaswami of Suttur Mahasansthana, Siddalinga Mahaswami of Siddaganga Mutt, and Sambasadashiva Swami of Ukkinakante Mutt graced the occasion.

The others contiguous connected the juncture included G. D. Harish Gowda, MLA, C. N. Manje Gowda, MLC, and erstwhile MLAs S. R. Mahesh and Ashwin Kumar.

Published - March 07, 2026 07:59 p.m. IST

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