Karnataka govt give good news: No need to pay loan amount to bank this year
the Siddaramaiah lead state government has put a break on bank loan recovery. Yes, the government has responded to the plight of drought-affected farmers by temporarily suspending the loan recovery of farmers from drought-affected areas.
Farmers of the state have got good news, the Siddaramaiah lead state government has put a break on bank loan recovery. Yes, the government has responded to the plight of drought-affected farmers by temporarily suspending the loan recovery of farmers from drought-affected areas.
It is said that the bankers’ committee has instructed all the banks to restructure the loans of eligible farmers by the nationalized banks in the wake of the drought situation. The Karnataka government has taken this important step after the opposition has accused the Congress government of giving suicide guarantee to the farmers in the state and there is no benefit to the farmers.
The Congress government in Karnataka has completely ignored the farmers. Farmers are committing suicide due to this. There is load shedding unable to provide electricity to farmers.
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Farmers are worried about missed loans:
Due to this action of the government, the farmers who had taken loans for agriculture in the past will be temporarily relieved of the worry of loans in such a drought. This move will help to repay the loan when the next huge good yield comes.
The Congress government has lacked funds for development projects under the guaranty scheme. Vidyanidhi Yojana, PM Kisan schemes have been suspended. BJP and JDS leaders including former CM Basavaraj Bommai and former minister BC Patil had accused Congress of not caring about farmers. At present, the state government has declared more than 190 taluks as drought affected areas due to lack of rain. It is said that the relief distribution works have started.
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