Loan waiver upto Rs.50,000 for weavers in Karnataka
Loan waiver upto Rs.50,000 for weavers in Karnataka

Loan waiver upto Rs.50,000 for weavers in Karnataka


Placating the weaving community in Karnataka, who form a large chunk, especially sericulture being a main vocation, Chief Minister Siddaramaiah has announced waiver of loans upto Rs.50,000 availed by weavers.

According to an estimate the move to benefit 9000 weavers would cost the exchequer Rs.52 crores. The move closely followed the waiver of farm loans announced by the government early this year. This would benefit weavers who had availed loans from state cooperative societies.

Siddaramaiah held prolonged discussions with District authorities here last night on various developmental and administrative issues and gave them direction to speed up implementation of various programmes taken up this year.

Later Siddaramaiah told newsmen that the input subsidy paid directly into farmers accounts had been very successful during 2016-17 and target was met up to 99 per cent. However, farm insurance scheme introduced by the government had met only 66 per cent success and he asked the top district officials to immediately ensure that pending cases of claims be settled early.

With elections round the corner, he wanted the development works taken up in backward Hyderabad-Karnataka region at a cost Rs 4500 crore to be implemented in time. The government had already released Rs.2100 crore for these programmes. All pending works would be completed by March next year.

The chief minister asked the officials to ensure that the Rs 5 lakh compensation disbursal to kin of farmers who committed suicide due to crop loss and other factors be decided within 15 days. There were 104 applications pending and all of them would be cleared within the next two weeks.

The government has completed coverage of 51 per cent of the survey of standing crops coming under agriculture, horticulture, sericulture and animal husbandry departments using drones.