First instalment of loan waiver disbursement nex week: Kumaraswamy

First instalment of loan waiver disbursement nex week: Kumaraswamy

Agency News

Bengaluru, Dec 4: Reiterating that the Karnataka Government is committed to implement total farm loan waiver, Chief Minister H D Kumaraswamy announced that first instalment of loan waiver disbursement relating to Co-operative institutions will start from next week.

Addressing newsmen after chairing a meeting of the Lok Sabha and Rajya Sabha members from Karnataka, here on Tuesday, he said that “first line of repayment of Farm loan upto Rs 50,000 will be remitted to over 17 lakh farm loan accounts. Whether State government will receive financial assistance or not we will keep our promise on farm loan waiver”.

Maintaining that the State government is also very much committed to waiver of farm loans availed by the farmers from the commercial and public sector banks, he said that "the process of collection of statistics related farm loan advanced by the banks is on the verge of completion. Once it was done, we will start reimbursement of loans”.

Stating that he had directed the officers to remain committed on the farm loan waiver scheme, he said that “the State Government had sought clarification as for as NPA accounts maintained by the Commercial banks”.

Alleging that the Public sector banks which had agreed for one-time settlement of farm loan waiver are now back tracking, Mr Kumaraswamy alleged that “this shows the double standard of the Union government and that of Prime Minister Narendra Modi”.

He also lambasted the State BJP leaders including Opposition leader in Legislative Assembly B S Yeddyurappa for keeping silence on the issue. “Let Yeddyurappa take up the issue with the Prime Minister Narendra Modi and come to the rescue of the Farmers” he stressed.

“We have also planned to convene a huge rally of farmers in January next and arrange for distribution of loan waived certificates. Already we have started issuing loan waived certificates on pilot project in Two districts in the State” he added.

Referring to his meeting with the MPs from Karnataka, he said that “ahead of the Winter Session of the Parliament, we have briefed them about several project proposals pending with many Union departments and help to bring pressure to clear at the earliest”.

He said that Union government have not released over Rs 940 crores under NAREGA scheme, over Rs 1400 crores over MSP on several agriculture products and another Rs 900 crores under the Sarva Shikshana Scheme.

"We have also briefed the MPs on several pending National High Way projects, Railway projects and also release of Defence land for taking up civil works in Bengaluru. Despite instructions from Defence Minister

Ms Nirmala Sitaraman, the officials are not showing any positive response” he lamented.

“The delay in supply of coal for Thermal power plants and delay in operation of the Kalaburagi Air Port” also came up for discussion at the meeting, he added. (UNI)