State government presents blueprint for farm loan waiver


Team Udayavani, Jul 26, 2018, 9:51 AM IST

Bengaluru: An official statement said that the Karnataka government has come up with a blueprint to waive farmer’s loan from state-run and co-operative banks in Karnataka, an official proclamation said. 

“The government has arranged a blueprint to waive off loans upto Rs 48,000 crore that includes loans from co-operative banks, subsidy and crop loans granted by the state-run banks,” said a statement from the Chief Minister’s Office. 

The blueprint includes the Rs 34,000 crore loans to be waived off as declared by Chief Minister HD Kumaraswamy while presenting the state Budget on July 5. 

Rs 48,000 crore loans is to be waived off, including Rs 37,159 crore crop loans granted to the farmers by state-owned banks and about Rs 9,500 crore of current loans, the statement included. 

The banks are to prepare the details of the farmer’s loan from across the state that are qualified to be waived, and the process of waiver will initiate after the state’s audit. 

According to the election manifesto of the Janata Dal-Secular JD(S) to waive farmer loans if voted to power, Kumaraswamy, had announced in his budget speech to waive upto Rs 2 lakh crop loans for every farmer family. 

The budget had additionally proposed to allot Rs 6,500 crore to empower farmer avail fresh loans after they submit a clearance certificate from the concerned that their loans have been waived . 

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Karnataka HC denies anticipatory bail to Prajwal Revanna in sexual harassment case

Delhi court stays defamation case against CM Atishi

Awards don’t create value for independent films in India: Manoj Bajpayee

Public Alert: Cyber fraudsters impersonating traffic police to demand fines

UP: 25 people booked for attacking civic officials for encroachment removal

SC transfers cheating case against choreographer Remo D’Souza to Delhi court

Fishing vessel collides with naval platform off Goa coast; 2 fishermen missing

Related Articles More

BJP stages protest against Congress govt in Karnataka over Waqf properties row

Loyalty Remembered: Mangaluru Airport’s K9 hero Jack passes away

Waqf issue: BJP stages Namma Bhoomi Namma Hakku protest in Bengaluru

Voting only on caste-basis will hinder social change: CM Siddaramaiah

Siblings found dead under mysterious circumstances in Bengaluru

MUST WATCH

Christmas Cake Fruit Mixing

DK Shivakumar

Rose Cultivation

Geethotsava

Naxal Operation


Latest Additions

BJP stages protest against Congress govt in Karnataka over Waqf properties row

Loyalty Remembered: Mangaluru Airport’s K9 hero Jack passes away

Waqf issue: BJP stages Namma Bhoomi Namma Hakku protest in Bengaluru

Bomb disposal squad tackles ‘security incident’ at UK’s Gatwick Airport

Baba Siddique murder: Man held from Akola, 26th arrest in case

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.