The government of Karnataka finally brings respite for the people of Bengaluru with the implementation of the Nagarothana scheme in the city. The Cabinet has approved the Rs 7,300-crore project for the years 2016-17 and 2017-18.
The policy includes offers, incentives and concessions for builders to take up affordable housing projects for the economically weaker sections and lower income groups to ensure the Centre’s dream of providing home to all by 2022.
The project will involve massive road infrastructure development, construction of underground drainages, storm water drains and development of footpaths.
This move of the government has come amidst severe criticism from all sections of the society over appalling infrastructure, poor traffic and a worsening solid waste management scenario and is perceived by many as the last minute attempt to woo citizens.
Pressure was also mounting on the government from various heads of industry, some of whom are part of the vision group set up by Chief Minister Siddaramaiah recently. Some investors too had taken a dig at the government at the Invest Karnataka Global Summit.
In his 2016-17 budget, Siddaramaiah had allocated a whopping Rs 10,000 crore for BBMP against Rs 4,770 crore last year. The package includes Nagarothana plan, special investment plan and assistance by finance commission and other grants from the Centre.