<ul data-eligibleForWebStory="true">Mohandas Pai criticises Karnataka CM Siddaramaiah's fiscal strategy, calling it disastrous for prioritizing freebies over development.Karnataka Home Minister G Parameshwara acknowledged the state's financial constraints, attributing it to heavy spending on welfare schemes.Delays in cash transfers under welfare programs like Gruha Lakshmi and Anna Bhagya have led to deficits and financial shortfalls in Karnataka.The Karnataka government considered mortgaging state assets to fund infrastructure projects amidst financial challenges and growing liabilities.