Karnataka will pay businesses to create jobs
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The Karnataka government in India will provide financial support to industries in ten districts to encourage job creation.
Deputy Chief Minister G. Parameshwara announced the government will pay ₹2,500 per month to companies for each new job they generate. The program will run for several years and industries can use the funds to cover employee benefits like provident fund contributions. The government designated ₹300 crore for this scheme, and will soon publish detailed guidelines for participation.
Yadgir, Bidar, Raichur, Koppal, Kalaburagi, Vijayanagara, Gadag, Haveri, and Vijayapura are among the districts targeted for employment growth. In addition to the job creation incentive, the Karnataka government approved a program called “Shramika Nivas” to support worker housing. This program will offer subsidies or financial assistance to industries that build housing for their employees near workplaces.
Officials estimate industries will construct around 10,000 houses for workers under the scheme, and the government will provide additional land to new industries needing space for housing.
