Live
- Woman held for stealing gold worth Rs 12.5L
- Paddy inundated in over 2,000 acres in Palnadu dist
- IoT to play crucial role in future horticulture
- Rockwoods School celebrates Christmas with gaiety
- Kuppam Horticulture Hub shines with SKOCH Award
- Hyd’bad enjoys cool showers amidst X’mas festivities
- Hyderabad: City aglow with X’mas spirit
- Reliance CEO donates Rs. 1.11 cr to TTD
- Governor pays tributes to Vajpayee
- TTD to issue tokens for Vaikunta Dwara Darshan from January 9
HDK cabinet gives nod to waive 9,440-cr coop farm loans
The Karnataka cabinet on Thursday gave its approval to waiving Rs 9,44861 crore existing farm loans in respect of cooperative banks, Chief Minister H D Kumaraswamy said
Bengaluru: The Karnataka cabinet on Thursday gave its approval to waiving Rs 9,448.61 crore existing farm loans in respect of cooperative banks, Chief Minister H D Kumaraswamy said.
At the cabinet meeting on Thursday, approval was given to waiving existing crop loans up to Rs 1 lakh borrowed from the cooperative sector, Kumaraswamy said.
"It is estimated to be Rs 9,448.61 crore, about 20.38 lakh farmers who have obtained loans up to July 10 this year would benefit from this," he told reporters. He said there was no shortage of money for the farm loan waiver.
During the next cabinet meeting, a decision would be made regarding waiver of farm loan obtained from nationalised banks and modalities were being worked out with the banks, he said.
Kumaraswamy said he would make an announcement either on Independence Day or Ganesh Chaturthi, which will be a 'gift' to farmers and the people of Karnataka.
He hit out at the BJP for its continued attack against him on farm loan waiver issue and asserted that his government was committed to the betterment of people and farmers.
Kumaraswamy reiterated that all programmes announced in the previous budget by the then chief minister and finance minister Siddaramaiah would continue, even as he dismissed reports about ‘cuts’ in allocation to schemes like 'Shaadi Bhagya' and 'Mathru Poorna’.
Appealing to farmers not to commit suicide, the chief minister assured them that his government was there to 'protect' them. "It is our priority," Kumaraswamy said.
To a question about the State government’s meeting with Union Minister Nitin Gadkari on the Mekedatu project, he said the state government was working towards getting permission from the central government for the project.
He said government was also trying to convince the chief minister and the Tamil Nadu government, along with farmer leaders there, as the project would benefit both states.
Tamil Nadu is opposed to the Mekedatu multi-purpose (drinking and power) project across the Cauvery. The project involves building a balancing reservoir with a capacity of about 66 tmcft, near Kanakapura in Ramanagaram district.
