November 23, 2024 08:34 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Karnataka Government announces loan waiver for farmers

Karnataka Government announces loan waiver for farmers

| @indiablooms | 05 Jul 2018, 11:16 am

Bengaluru, Jul 5 (IBNS): Karnataka Chief Minister HD Kumaraswamy on Thursday announced a loan waiver scheme for farmers, in keeping with his electoral promise, made last month, reports said.

The announcement was made while presenting the Congress-JDS Government's maiden budget.

According to reports, the waiver will cost the state exchequer a whopping Rs. 34,000 crore. It would apply to crop loans of up to Rs. 2 lakh. Besides, an exemption will be given to defaulters in the cases of arrears.

The Chief Minister said Rs.6,500 crore has been earmarked in the 2018-2019 budget.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.