Karnataka govt decides to waive off farm loan at one go

News Network
June 12, 2019

Bengaluru, Jun 12: Clearing a confusion over the disbursement of the farm loan availed by the farmers, from commercial banks, the Karnataka government had decided to clear it at one go.

Chief Minister H D Kumaraswamy on Wednesday announced the decision to waive off the farm loan availed from the commercial banks in one instalment, as against the original plan to do it in four years of time.

With this decision of the state government, the farmers who had availed loans from the Commercial banks, including that of restructured loans (Rs 2812 Crore), Overdue loan (Rs 3057 Crore) and incentive for regular loans) Rs 720 Crore) will be waived off at one go.

The State government so far has released Rs 3930 Crore toward as many as 7.49 lakh crop loan accounts.

The State government has already released Rs 4830 crore for about 11.20 lakh accounts.
It may be recalled that the farm Loan waiver scheme, was the flagship programme of the JDS-Congress coalition government, however had received a huge flak for not implementing it properly.

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News Network
March 29,2020

Mangaluru, Mar 29: The second day of a total clampdown by Dakshin Kannada district had no impact as panic-stricken people rushed to buy essential commodities in markets in the City on Sunday without caring for Social distance to be maintained.

Since the crowd swell within minutes the police were forced to order the shops forcibly as otherwise, it might have led to spread of dreaded killer Coronavirus COVID-19.

The rise in Covid-19 cases in Dakshina Kannada and the neighbouring Kasargod district had forced the district administration to declare on total bandh on Saturday and Sunday but in vain.

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News Network
February 28,2020

Bengaluru, Feb 28: BS Yediyurappa’s contribution to the economy is substantial, and he is one CM who has contributed largely to making India the fifth largest economy, said Defence Minister Rajnath Singh on Thursday.

“He will ensure that Karnataka contributes towards making India the third-largest economy in the coming days,” Singh said, who had flown from New Delhi to participate in the CM’s birthday celebrations.

Singh recalled Yediyurappa asking him how to increase welfare measures for farmers, and had suggested that the CM reduce interest rates on loans to help the community. “Yediyurappa took the suggestion seriously and reduced interest of loans to a mere 4 % and gradually reduced it to 1 % before coming down to zero,” Singh said, appreciating Yediyurappa’s love for farmers.

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News Network
March 4,2020

Mangaluru, Mar 4: Fifteen Iranian fishermen, arrested for illegally entering Indian waters, were shifted from Mangaluru to Central Prison Bengaluru at Parappana Agrahara recently.

 On October 21, coast guard officials intercepted two fishing vessels near Gayathri island, about 168 nautical miles off Mangaluru Coast and took into custody 15 crew members after they failed to produce necessary documents.

While one of the boats capsized after developing a technical snag, the other boat was brought to Mangalore Port.

On the basis of a written complaint lodged by Indian Coast Guard (ICG) Deputy Commandant Kuldeep Sharma, Karnataka State Coastal Security Police (KSCP) station in Mangaluru filed case against the 15 Iranian fishermen under Maritime Zone of Indian Act 1981.

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