Karnataka’s flourishing silk industry continues to provide more than just premium fabric to the world. In a major show of fiscal responsibility and social support, the Karnataka Silk Industries Corporation Limited (KSIC) officially contributed a substantial dividend to the state’s welfare initiatives.
The corporation presented a check totaling ₹30,34,78,500 to the Chief Minister’s Relief Fund, reinforcing the vital role state-owned enterprises play in regional development. This high-value contribution took place on February 18, 2026.
Government Leaders Gather for Official Handover
Chief Minister Siddaramaiah personally accepted the dividend during a formal ceremony held in Bengaluru. Prominent government figures attended the event to witness the transfer, including Ministers Venkatesh, Cheluvarayaswamy, and Krishna Byre Gowda.
KSIC Chairperson Kaneez Fatima led the corporation’s delegation, highlighting the organization’s recent financial success and its ability to give back to the citizens of Karnataka. The funds are earmarked for the Chief Minister’s Relief Fund, which provides critical assistance during natural disasters and medical emergencies.
According to the Official Karnataka CM Relief Fund Portal, these contributions ensure that the state maintains a robust safety net for its most vulnerable populations. By delivering over ₹30.34 crore, KSIC sets a high standard for other public sector undertakings in the state. The successful handover reflects the profitable trajectory of the silk industry under current management and its dedication to public service.
ಕರ್ನಾಟಕ ರೇಷ್ಮೆ ಉದ್ಯಮಗಳ ನಿಗಮ ನಿಯಮಿತ ವತಿಯಿಂದ ಮುಖ್ಯಮಂತ್ರಿ ಪರಿಹಾರ ನಿಧಿಗೆ ರೂ.30,34,78,500 ಮೊತ್ತದ ಡಿವಿಡೆಂಟ್ ಅನ್ನು ಮುಖ್ಯಮಂತ್ರಿ @siddaramaiah ಅವರಿಗೆ ಹಸ್ತಾಂತರಿಸಿದರು.
ಸಚಿವರಾದ ವೆಂಕಟೇಶ್, ಚಲುವರಾಯಸ್ವಾಮಿ, ಕೃಷ್ಣಬೈರೇಗೌಡ, ನಿಗಮದ ಅಧ್ಯಕ್ಷರಾದ ಕನೀಜ್ ಫಾತಿಮಾ ಸೇರಿದಂತೆ ಹಲವರು ಉಪಸ್ಥಿತರಿದ್ದರು. pic.twitter.com/XDU9vGJ58W
— CM of Karnataka (@CMofKarnataka) February 18, 2026
Strengthening the State Welfare Net
Revenue and agriculture officials noted that the silk industry remains a cornerstone of the local economy. The presence of several high-ranking ministers emphasizes the government’s focus on integrating industrial profits with social welfare goals.
“Our state-owned corporations are proving their worth by not only generating revenue but also supporting the people during times of need,” remarked one official during the proceedings. As Karnataka looks toward future economic milestones, such as the upcoming growth cycles in mid-2026, these financial injections provide the necessary stability to meet ambitious development targets.