Yediyurappa announces Rs 1610 crore relief package to revive economy

Yediyurappa announces Rs 1610 crore relief package to revive economy

Agency News

Bengaluru, May 6 : In an attempt to rejig the sagging economy, which was in distress due to onset of the COVID-19 lockdown, Karnataka Chief minister B S Yediyurappa on Wednesday announced a relief package worth over Rs 1610 crore. Addressing a press conference here, the Chief minister said that due to the onset of the COVID-19 and consequence of the clamping down of nation-wide lockdown, people of all sections in the society had to endure a difficult time, including Farmers, labourers, industrialists, service sector and others.

In an attempt to boost the confidence of the working class and the farmers, the Chief minister said that the state government would compensate the farmers who had grown flowers, with Rs 25000 per hectare, and remit an additional Rs 3000 to the Construction workers through DBT.

While promising to announce a separate relief package for the farmers, who had sustained losses due to growing of Vegetables, Chief minister also announced a financial relief of Rs 5000 each to over 230000 barbers and 60000 washermen both in Urban and Rural areas. Chief minister had also announced a one-time financial assistance of Rs 5000 each to over 7,75000 Taxi and Auto drivers in the state. Stating that the lockdown has brought miseries for the weavers who are already suffering due to slow down of their units, he said that it was decided to waive off Rs 109 crore loan availed from various financial institutions, he said that "Already Rs 29 crore had been released towards the waiver".

"Those who had already paid the availed loan would be reimbursed" he said. He had also announced a cash compensation of Rs 2000 to each of the weavers in the state and funds would be transferred through DBT. More than 54000 weavers would benefit from the scheme "weaver samman Yojana". . While appealing the construction workers not to leave the state, the Chief minister said that "Government will transfer an additional Rs 3000 to each of the workers, who constitute over Rs 4 lakhs in the state". The Rs 1600 crore package also included an incentive for the benefit of the Electricity consumers, who had paid their bills. It was also decided not to levy interest for the delayed payments of the Electricity consumers, he said. (UNI)