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
June 24,2020

Bengaluru, Jun 24: Karnataka Chief Minister BS Yediyurappa was all praise for a sixth standard student from Kallianpur in Udupi district for joining the fight against COVID-19 by stitching Face Masks with one hand for SSLC students writing examination beginning from Thursday.

Mr Yediyurappa took to Twitter and wrote, “Proud of this young COVID warrior Sindhuri. Her smile as she stitches that mask inspires all of us to go beyond our limitation and strengthens us to fight this battle together. God bless you!”

Sindhuri, daughter of Sudhir and Renuka is currently studying in the sixth standard in Mount Rosary school and Bulbul in Scouts and Guides as well.

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News Network
January 14,2020

Bengaluru, Jan 14: Days after the Reserve Bank of India (RBI) capped to Rs 35,000 the withdrawal limit of Sri Guru Raghavendra Co-operative Bank, BJP MP Tejasvi Surya on Monday reassured account holders and said Finance Minister Nirmala Sitharaman was personally monitoring the issue.

Taking to Twitter, Surya said, "I want to assure all depositors of Sri Guru Raghavendra Co-operative Bank to not panic. Hon'ble Finance Minister Nirmala Sitharaman is appraised of matter and is personally monitoring the issue. She has assured the government will protect interests of depositors. Grateful for her concern."

The Bengaluru South MP also attached a letter in his tweet where he had appraised Sitharaman of the situation.

"Finance Minister, after speaking with the RBI governor and other authorities concerned, assured Surya that the government will do everything in its capacity to protect the interests of the depositors and the long term interests of the bank," the letter read.

It said that Surya also reached out to Sitharaman "three times on January 13" after which she reassured him that the "depositors need not panic".

RBI had, on January 10, imposed certain restrictions on Sri Gururaghavendra Sahakara Bank Niyamitha.

"In particular, a sum not exceeding Rs 35,000 of the total balance in every savings bank or current account or any other deposit account may be allowed to be withdrawn subject to conditions stated in the above RBI directions," the notification said.

The regulatory body said that the bank will continue to undertake banking business with restrictions until its financial position improves.

"These directions shall remain in force for a period of six months from the close of business of January 10 and are subject to review," it said.

The bank has been restricted from granting or renewing any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except.

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coastaldigest.com web desk
June 18,2020

Vijayapura, June 18: Shoukat Ali Sumbad, a local farmer, has donated land for the construction of Chennamma memorial, modelled on the Kittur fort, at Sindagi town in Vijayapura to celebrate the town's connect with the valorous Lingayat queen who fought the British in 1824.

Basava Jaya Mrutyunjaya Swamiji of Lingayat Panchamasali Peetha Kudala Sangam said Shoukat Ali came forward to donate his land adjacent to the state highway when local authorities failed to provide land for the memorial. 

"The committee led by Basava Jaya Mrutyunjaya Swamiji sought a 15x10 plot but when I went through their plan of constructing a model of Kittur fort, I decided to donate 425 sq ft," said the 61-year-old farmer. 

"Rani Chennamma is the pride of every Indian, irrespective of caste and creed, and my contribution is nothing compared to her sacrifice for the nation," he added.

Shoukat Ali, who lives in the neighbouring town of Almel, said he is a man of modest means but proud to make the contribution. "I own nine acres of land in Almel. I have six sons and two daughters. Two of my sons run small businesses in Mumbai. Ten of us live in a small house in Almel," he said.

“I also work as a broker to sell or buy sites. I had bought 15 guntas of land in Sindagi for my children some 15 years ago. When our MLA MC Managuli and Swamiji sought land for the memorial, my entire family agreed wholeheartedly” Shoukat Ali said.

“As Chennamma’s history is linked to Sindagi, there has been a demand for a memorial here since 2008, but the town municipal council failed to provide land due to political and technical reasons,” said Swamiji. 

“There were plans to observe a Sindagi bandh in the first week of June to protest the indifference of authorities. But then Sumbad gave us his land. We have formed a committee to construct a model of Kittur fort and a bronze statue of Chennamma at a cost of Rs 28 lakh,” he added.

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