Kumaraswamy seeks Centre's support to farm loan waiver

Agencies
June 17, 2018

Bengaluru, Jun 17: Chief Minister H D Kumaraswamy today requested the Central government for 50 percent support to his government's farm loan waiver scheme.

"Debt of farmers is staring us in the face. My government is ready to address this problem and I request the Government of India to support us," he said.

In his address at the 4th meeting of the NITI Ayog governing council in New Delhi, a copy of which was shared with the media here, the chief minister said in Karnataka about 85 lakh farmers have outstanding debts on account of agricultural loans from banks.

He said, "Due to recurring droughts, the distress of the farmers is even more severe. I request the Government of India to provide 50 percent support for our loan waiver initiative."

Kumaraswamy is under intense pressure to announce the farm loan waiver that his party, the JD(S) had promised in the run-up to the assembly elections in Karnataka.

After initially citing coalition compulsions for the delay, the chief minister on May 30 amid the opposition and farmers' bodies stepped up pressure on him to fulfil his pre-poll promise, had said his government would arrive at a decision to implement a two-phase scheme for farm loan waiver within 15 days.

With the 15-day deadline coming to an end on June 15, Kumaraswamy reiterated that he was committed to waiving the farm loan and would announce it shortly.

"Dear farmers, let there be no confusion on the farm loan waiver. I am fully committed to the loan waiver. I want to ensure it is done scientifically benefiting a maximum number of farmers. I am working on the modalities and will announce it shortly," he had said in a tweet on Friday.

Addressing the NITI Aayog governing council meeting for the first time, Chief Minister Kumaraswamy said the new government has to fulfil several aspirations of the people of Karnataka, and "we need the full support of the Government of India for this."

"While we represent various political ideologies, when it comes to development we should work together," he said.

Stressing the need for gearing up to climate resilient agriculture, Kumaraswamy said, the climate change is a reality, especially so in the agriculture sector.

"I call upon the Government of India to harness national and international expertise to develop a comprehensive framework, strategies and practices for ushering a climate resilient agriculture revolution in the country," he added.

Noting that water is becoming a scarce resource and is going to be a limiting factor for growth, both in agriculture as well as other sectors, he also suggested dedicating a full decade for "extensive and intensive" water conservation efforts.

Highlighting that allocation to Karnataka for the period 2015-20 under SDRF (State Disaster Response Fund) is only Rs 1,375 crore, which is much less than the allocation to other states, the chief minister said the state's unmet needs are huge but has not been addressed either in the Finance Commission award or under the NDRF.

"A comprehensive discussion is needed on this issue," he added.

Kumaraswamy further said he is sure the NITI Aayog will prove its federal character given the developmental disparities in India and added the Aayog and the Union government must re-emphasise federal and participative medium-term planning with concrete goals and inclusive development programmes.

Comments

Sandesh
 - 
Sunday, 17 Jun 2018

If state CM cant do loan waiving, why you promised it in election campaigns. 

Ramprasad
 - 
Sunday, 17 Jun 2018

HDK promised loan waiving. He failed to meet that and now seeking centre support?

Suresh
 - 
Sunday, 17 Jun 2018

Feku may waive loans for Mallya and Neerav Modi. Not for farmers

Farooq
 - 
Sunday, 17 Jun 2018

Centre wont support. State cant do alone. Here the Yeddy wins

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News Network
May 19,2020

Mumbai, May 19: Even as banks in United Arab Emirates are trying to trace NMC founder BR Shetty, a prominent bank in India is seeking to recover loans worth Rs19.13 billion from him and his companies. 

A local court has also barred him and his wife from selling or transferring some properties while it hears the case.

In the court filing, the Bank of Baroda said Shetty had an obligation to handover the title deeds of the 16 properties and mortgage the assets with the bank.

The 16 properties in several Indian cities including Bengaluru were among guarantees put up by Shetty and his wife against the Rs19.13 billion ($253 million) loans, according to a May 16 court order seen by Reuters. The court in Bengalaru set the next hearing in the case for June 8.

NMC, the largest private healthcare provider in the UAE, was placed under administration in April after months of turmoil. It disclosed in March it had debts of $6.6 billion, well above earlier estimates of $2.1 billion.

Finablr, in which Shetty has a controlling stake, said in April it may have nearly $1 billion more in debt than previously reported.

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News Network
April 12,2020

Mangaluru, Apr 12: Dakshina Kannada district in-charge minister Kota Srinivas Poojary on Saturday, April 11, welcomed the State government’s decision to permit fishing during the lockdown that’s now extended till April 30.

“We welcome the Centre’s decision to permit fishing during the lockdown. This directive comes as a huge relief for the fishing community,” Poojary told newsmen here.

Poojary informed that 14,000 boats will be deployed for fishing. Keeping the need for social distancing in mind only five crew members will be allowed on a boat. The boats can set sail in the morning and should return by evening.

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News Network
January 25,2020

Mandya, Jan 25: A woman committed suicide by jumping into Vishveshwaraiah Canal after throwing her two children into the canal near Thibbanahalli in the Taluk, police said on Saturday.

The deceased have been identified as Jyothi (33), Nisarga (7) and Pavan (4), of Hullenahalli.

According to police, the incident occurred on Friday.

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