Karnataka govt has disbursed Rs 1611 cr to 3.28 lac farmers towards farm loan waiver: Vala

Karnataka govt has disbursed Rs 1611 cr to 3.28 lac farmers towards farm loan waiver: Vala

Agency News

Bengaluru, Feb 6 : Karnataka Governor Vajubhai R Vala today said that the state government had kept up its promise by earnestly beginning the farm loan waiver process by releasing Rs 1611 crore towards crop loan waiver scheme till January 31 benefiting over 3.28 lakh farmers.

Addressing the joint session of the Karnataka Legislature on the opening day of the Budget Session that began at Vidhana Soudha here today, which was marred by the protest dharna by the Opposition BJP members, he said the implementation of the scheme was being accelerated with an aim to cover all eligible crop loans in co-operative institutions and commercial banks.

The Governor had to cut short his address following dharna by the BJP in the well of the house demanding dismissal of JD(S)-Congress government claiming that it had lost its majority as some of the legislators had deserted the two coalition parties. He could read just two pages of his 22 page speech, and finished his customary address within ten minutes.

Mr Vala said Agricultural Market reforms of Karnataka had helped farmers in realising 38 per cent more income. The online and unified market platform had so far transacted 5.48 crore metric tonnes agricultural commodities worth about RS 1.21 crore.

The governor further said that the government was striving hard to create more jobs and during 2018-19 it had lined up a programme to give skill training to over 2.5 lakh youth.

The Governor said, ‘’Karnataka continues to be the leader in IT and BT sectors thanks to early initiatives taken. He was recently been rated as a top performing State in the Start-up ranking framework by Department of industrial policy and promotion of union government,’’

Bengaluru’s start-up ecosystem, currently valued at about USD 19 billion, is being nurtured by both government and the industry players. By 2025 the number of start-ups in the state is likely to touch 20,000, he said.

Karnataka continues to stand at first place in the country in 2018 in attracting investments. To further give an impetus to industrial development, approval has been accorded to 1958 new projects under Industrial Policy 2014-19, with an investment of RS 3.49 lakh crore and potential to create employment opportunities to 10.28 lakh people, Mr Vala said.

Providing sustainable urban transport options in Bengaluru city was on the top of the agenda of my government. A special purpose vehicle is being established with Ministry of Railways to augment suburban rain connectivity in the city. Metro second phase was also taken up on top priority, he said.

The Governor said Karnataka government attaches utmost importance to the safety of women and girls. Nirbhaya Centres are being established in all Police Commissionerates.

For the last several years, the Government had compiled with all the requirements of the Karnataka Fiscal Responsibility Act by consistently maintaining revenue surplus, the Governor added.(UNI)