Farm loan waiver will be made in one go: HDK
Team Udayavani, Jun 13, 2019, 2:20 PM IST
Image for Representation
Bengaluru: Chief Minister HD Kumaraswamy informed that the state government has ordered the release of money toward farm loan waiver in commercial banks in one-go as against four instalments announced in the budget last year.
The money will be deposited in the accounts of eligible farmers in one instalment, the government said in its June 11 order.
The loan waiver comprises of restructured loans of Rs 2,812 crore, overdue loans of Rs 3,057 crore and incentive for regular loans Rs 720 crore, which farmers had taken from the nationalised banks, it said.
The government, however, has not taken a call on the non-performing asset (NPA) loans, which are eligible for waiver. There are 1.08 lakh farmers having a loan of Rs 965 crore under the NPA loan category.
The government has cleared the loans of 7.5 lakh farmers by paying Rs 3,930 crore to the commercial banks. It has paid Rs 4,830 crore to the cooperative banks benefiting 11.2 lakh farmers.
Chief Minister H D Kumaraswamy had in July last year announced waiver of farm loans to the tune of Rs 46,000 crore that will benefit approximately 42 lakh farmers and will be executed in phases over a period of four years.
This scheme was part of the JD(S) manifesto, which chief minister H D Kumaraswamy implemented after taking its ally Congress in the government onboard.
Officials Wednesday said the chief minister has convened a meeting with the state level bankers on June 14 regarding the crop loan waiver.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
BESCOM to organise EV expo for Secretariat employees in Jan 2025
Siddaramaiah rules out immediate Cabinet expansion, hints at Nagendra’s induction later
Mangaluru to host two-day multicultural festival from Dec 3
Udupi: MGM College ‘Amrita Mahotsava’ exhibition captivates visitors
Karnataka health minister urges for collaborative effort to improve dementia care
MUST WATCH
Latest Additions
Priests’ entry in Ayodhya Ram temple to be banned in case of death, birth in their family
Opposition spreading propaganda against NDA, crushing spirit of Constitution: PM Modi
BESCOM to organise EV expo for Secretariat employees in Jan 2025
Siddaramaiah rules out immediate Cabinet expansion, hints at Nagendra’s induction later
Mangaluru to host two-day multicultural festival from Dec 3
Thanks for visiting Udayavani
You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.