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

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
April 24,2020

Bengaluru, Apr 24: The Karnataka Health Department is likely to shift the 119 accused in Padarayanapura violence to Bengaluru's Haj Bhavan from Ramnagar Jail.

This comes after two accused out of 121, who were shifted to Ramnagar jail, tested positive for coronavirus. They have been shifted to Victoria Hospital.

A ruckus erupted in Padarayanapura on Sunday allegedly over the shifting of 15 secondary contacts of corona positive patients to a quarantine facility by the Bruhat Bengaluru Mahanagara Palike (BBMP) officials.

Padarayanapura is recognised as a 'red zone'. When BBMP officials went to shift the suspected COVID-19 patients, some people created a ruckus, broke a barricade and removed the police post in the area.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
May 29,2020

New Delhi, May 29: The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1.2 crore on Karnataka Bank Limited for non-compliance of asset classification, divergence and provisioning norms.

"The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) of the Banking Regulation Act, 1949. 

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," the central bank said in a statement on Thursday.

According to the central bank, the statutory inspection of the bank with reference to its financial position as on March 31, 2017, and as on March 31, 2018, and the Risk Assessment Reports (RAR) pertaining thereto revealed, inter-alia, non-compliance with the directions issued by RBI.

Earlier, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed on it for non-compliance with the directions.

After considering the bank's reply to the notice, oral submissions made in the personal hearing and examination of additional submissions, RBI concluded that the charges of non-compliance with RBI directions warranted imposition of monetary penalty, according to a release.

This action is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.
News Network
June 2,2020

Tumkur, Jun 2: Karnataka Agriculture Minister BC Patil on Monday said that state will not be affected due to locust swarm as it has moved to other states.

"There will be no effect as locust insects diverted to other states after they came from Pakistan. We were also worried and were prepared to face it, luckily we will not be affected by insects," he said.

Locust is a type of grasshoppers and moves in large numbers and devastates crops. Several parts of Rajasthan including Ganganagar have reported locust attacks.

There is a prediction of another attack in June this year.

Comments

Add new comment

  • Coastaldigest.com reserves the right to delete or block any comments.
  • Coastaldigset.com is not responsible for its readers’ comments.
  • Comments that are abusive, incendiary or irrelevant are strictly prohibited.
  • Please use a genuine email ID and provide your name to avoid reject.