KKCCI: Budget 2026-27 Stable but Misses Region-Specific Boost for Kalyana Karnataka
February 1, 2026
The Kalyana Karnataka Chamber of Commerce and Industry (KKCCI) called the Union Budget 2026-27 stable and balanced on Sunday but said it missed region-specific steps needed to speed up growth in backward areas like Kalyana Karnataka. The comments came after a live telecast and discussion at KKCCI in Kalaburagi. KKCCI said the Budget continues current policies and keeps fiscal discipline, providing overall economic stability. However, it lacks big new plans that could drive growth in underdeveloped areas. The Budget gives attention to infrastructure, manufacturing, MSMEs, and services which could create jobs nationally. But Kalyana Karnataka will benefit only if projects, industrial hubs, and private investments are actively brought in by state and district efforts. KKCCI president Sharnabasappa Pappa said, "We acknowledge the positive aspects of the factor as it provides a disciplined and stable framework focused on continuity, but stronger region-specific intervention is needed to unlock faster growth in underserved regions. We are also disappointment over the absence of any direct announcement, special package or dedicated allocation for Kalyana Karnataka, despite its long-standing development challenges." Among positives, KKCCI praised the planned high-speed rail corridor between Hyderabad and Pune for boosting connectivity and investments. The focus on mega textile parks was welcomed, especially the PM-MITRA Textiles Park in Kalaburagi, which could become a top employment and export center if pushed ahead. The agriculture sector saw the launch of Bharat-VISTAAR, an AI-based platform combining AgriStack and ICAR systems. KKCCI said this will help drought-hit districts like Kalaburagi, Yadgir, Raichur, and Bidar with personalized and local language advice for farmers. The Budget’s idea to build one girls’ hostel in each district is seen as socially important. KKCCI said it will help girls in Kalaburagi access higher and STEM education safely near home. While the Budget improved MSME credit support with better banking methods, faster payments, and guarantees, KKCCI feels the ₹10,000-crore MSME fund is too small given the sector’s scale. More credit flow from banks at district levels is critical for Kalyana Karnataka. The discussion included KKCCI leaders and economist Baswaraj Kumnoor. KKCCI urges stronger local action to turn Budget plans into real growth for the region.
Read More at Thehindu →
Tags:
Union budget 2026-27
Kalyana karnataka
Kkcci
Regional development
Infrastructure
Msmes
Comments