📷 Image: Wikimedia Commons / Ginevrajocosa88
Business
Karnataka CM Shivakumar urges coastal residents to set up businesses in their hometowns
✍️ Asianet Newsable
🗓 05 Oct 2026, 04:32 AM
👁 10
Chief Minister E.S. Shivakumar appealed to people living along Karnataka's coast to launch enterprises in their native towns, emphasizing local job creation and economic self‑reliance.
Karnataka Chief Minister E.S. Shivakumar addressed a gathering of coastal community leaders, urging them to invest in and start businesses within their own districts. He highlighted that local entrepreneurship can curb migration to metropolitan hubs and generate sustainable employment for youth.
Shivakumar pointed to existing government schemes that provide financial assistance, skill training, and market linkages for small and medium enterprises. He urged beneficiaries to leverage these resources rather than seeking opportunities elsewhere.
The chief minister also warned that unchecked out‑migration erodes the social fabric of coastal towns, and that home‑grown enterprises can preserve cultural identity while boosting the state's overall economic health.
Officials from the Department of Industries were present to field queries on eligibility criteria and application procedures for the schemes. The meeting concluded with a pledge to monitor progress and facilitate periodic reviews.
Analysts view the speech as part of a broader state strategy to decentralize growth and reduce pressure on Bengaluru’s infrastructure, aligning with Karnataka’s long‑term development plan.
Shivakumar pointed to existing government schemes that provide financial assistance, skill training, and market linkages for small and medium enterprises. He urged beneficiaries to leverage these resources rather than seeking opportunities elsewhere.
The chief minister also warned that unchecked out‑migration erodes the social fabric of coastal towns, and that home‑grown enterprises can preserve cultural identity while boosting the state's overall economic health.
Officials from the Department of Industries were present to field queries on eligibility criteria and application procedures for the schemes. The meeting concluded with a pledge to monitor progress and facilitate periodic reviews.
Analysts view the speech as part of a broader state strategy to decentralize growth and reduce pressure on Bengaluru’s infrastructure, aligning with Karnataka’s long‑term development plan.