Karnataka requests Centre to waive 50 pc farm loans
Team Udayavani, Dec 18, 2018, 7:02 PM IST
New Delhi/Bengaluru: The Karnataka government has requested the Centre to waive 50 percent of the agricultural loans of farmers from banks, Parliament was told Tuesday.
In a written reply to the Rajya Sabha, Minister of State for Finance Shiv Pratap Shukla said the government receives requests related to agriculture credit from various state government.
“The state government of Karnataka has requested the Union government to waive 50 percent of the agricultural loans availed by the farmers from commercial banks/RRBs/cooperative banks,” he said.
However, there is no proposal under consideration of the Union government to waive the loans, the minister added.
In another reply, Shukla said the Union government has not implemented any farm loan waiver scheme during the last three years. However, some state governments have announced their own schemes for such waivers.
Recently, the newly elected governments in Madhya Pradesh and Chhattisgarh have announced farm loan waivers. Besides, Punjab and Karnataka governments have also waived loans of farmers.
The Agricultural Debt Waiver and Debt Relief Scheme (ADWDRS) was announced in the Union Budget 2008-09 and detailed guidelines were issued in May 2008.
The debt waiver portion of the ADWDRS 2008 was closed by its due date (June 30, 2008), while the debt relief portion of the scheme was extended till December 2009 and after further extension, closed in June 2010.
The scheme benefitted 3.73 crore farmers to the extent of Rs 52,259.86 crore.
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
Civic workers protest: Govt issues assurance letter, protests end
IAS officer J Manjunath arrested on charges of corruption
Goddess Durga idol floats to shore, builds curiosity among locals
Guj, Karnataka best states in providing strong ecosystem for startups
Mangaluru police begin checking documents of migrant workers
MUST WATCH
Latest Additions
RBI launches next round of survey of manufacturing companies
PM Modi to visit Varanasi on July 7; to inaugurate, lay foundation stone of development projects
Hotels, restaurants barred from levying service charge
Civic workers protest: Govt issues assurance letter, protests end
IAS officer J Manjunath arrested on charges of corruption