Bengaluru: State waives crop loans of farmers from cooperatives up to Rs 50,000


From Our Special Correspondent

Daijiworld Media Network

Bengaluru, Jun 21: With as many as 139 of the 176 taluks along with 160 taluks of Karnataka facing drought conditions and farmers in the State facing severe distress this year, Chief Minister Siddaramaiah has finally decided to offer the loan waiver relief to as many as 22,27,500 farmers to the tune of Rs 8,165 crore.

The Chief Minister, in his reply to the financial appropriation bill for the year 2017-18 in the State Legislative Assembly, said the loan waiver will be applicable to farmers who had taken crop loans from cooperative institutions up to an amount of Rs 50,000 as on June 20.

Siddaramaiah made it a point to reiterate his demand to the BJP Government at the Centre led by Prime Minister Narendra Modi to show its concern for farmers by waiving off crop loans availed by farmers from all the commercial banks.

With this announcement of loan waiver to farmers, Karnataka becomes the fourth State to join the States to offer the benefit of farm loan waivers after Uttar Pradesh, Maharashtra and Punjab. While UP is ruled by BJP, Maharashtra has a BJP-Shiv Sena coalition rule while Punjab is ruled by Congress party.

It may be recalled that Congress Vice President Rahul Gandhi had during his recent visit to Karnataka had asked the Congress Chief Minister Siddaramaiah to help the farmers in distress due to consecutive drought conditions.

Siddaramaiah, who has been under pressure for granting the benefit of loan waiver in this year’s budget and subsequently, had continuously resisted the move on the ground that the BJP government at the Centre led by Prime Minister Narendra Modi should come to the rescue of farmers facing drought conditions and committing suicides in several states, including many ruled by the BJP.

When Modi and Union Finance Minister Arun Jaitely refused to heed the demand and contended that it was the responsibility of the State Governments, Siddaramaiah had demanded that the Centre should at least bear 50 per cent of the burden of loan waiver as bulk of the farmers had availed loans from commercial banks with a small section of farmers had borrowed from the cooperative banks. However, the Centre was unmoved and refused to help the States or the farmers by offering loan waivers.

With the onset of monsoon and farmers getting ready for agricultural operations, the Chief Minister has now decided to announce the loan waiver to the tune of Rs 8, 165 crore. Incidentally, the ruling Congress party seems to be banking on securing the support of farmers and agricultural labourers in next year’s assembly elections by announcing the loan waiver sops closer to the polls.

He said the farmers had availed Rs 10,736 crore short term crop loans from the cooperative sector, of which the State Government has waived loans to the tune of Rs 8, 165 crore loans up to Rs 50,000 outstanding till June 20 to benefit 22,27,500 farmers.

Siddaramaiah took pains to explain why the Government was rushing to the rescue of farmers. ``This government believes in providing a better deal to farmers and the downtrodden sections as part of its policy of ensuring equitable distribution and better living conditions to all,’’ he said emphasising that all the policies and programmes of the government were guided by this principle.

The Chief Minister said the government had made special efforts to provide relief to the farmers hit by scarcity conditions with supply of drinking water and fodder to cattle receiving priority. Under the Mahatma Gandhi Employment Guarantee scheme, as many as 9.14 crore man days of jobs had been created. Crop insurance compensation of Rs 1,685 crore had been directly credited to the bank accounts of farmers, he said.

Karnataka has been supplying milk to 1.2 crore children five days a week under the Ksheera Bhagya scheme and distributing rice at 7 kg per person to 1.10 crore BPL card holders. The subsidy provided to the milk supplying farmers had benefitted 8.5 lac farm families.

The appropriation bills were later passed by the State Assembly.

  

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Comment on this article

  • mahesh, Mangalore

    Sun, Jun 25 2017

    This stunt of waiving of farmer loans without taking any long term measures to improve agriculture system is going to cost the country heavily.
    Already two BJP and two congress govts have done this.
    what happenned after UPA-1 waived off 70,000 crores of farmer loan? only a few rich farmers got the benefit. CAG had reported about this.
    That is why the jaitley has said that states which announce have to take the burden themselves, be it BJP or congress rules states.
    Its a good move by the central govt.

    DisAgree Agree Reply Report Abuse

  • Roshan, Mangaluru

    Thu, Jun 22 2017

    The entire country is in turmoil.

    Farmers, jobless youth, small traders, middle class families are fedup with Modi Govt., but they cant openly say that, for simple reason, how can anyone accept they are fooled with BJP Mktg and paid TV channels.

    Modi govt. is forcing india to be in shavashana.

    DisAgree [2] Agree [8] Reply Report Abuse

  • Af,,, Mangalore

    Thu, Jun 22 2017

    Atleast some relief to poor farmers , some is better than nothing ,another 50 thousand laos waives off will follow soon, good job by state govt,

    DisAgree Agree [12] Reply Report Abuse

  • Roshan Braganza, Mumbai

    Thu, Jun 22 2017

    Its the political masterstroke by siddaramayya , his cleverness equals amit shah on this . The so called modi comrades hands might be itching .....

    DisAgree [12] Agree [12] Reply Report Abuse

  • Rajesh, dubai

    Thu, Jun 22 2017

    Giving Bhagya or waiving loan is not a solution. The farmer is struggling to supply water to his farm and he is completely defending upon mother nature i.e. rain. Please make good arrangement to give him water for farming. Whatever government is spending for giving him water our corrupt officials are eating the sanctions. Please take action against these officials and make arrangement to supply water for his crop.

    DisAgree [5] Agree [8] Reply Report Abuse

  • prem, moodbidri

    Thu, Jun 22 2017

    Good initiative by Siddu Govt.

    Central Govt should also help all state Govts, in giving relief to farmers, who are suffering loss. Our priority are farmers, who are backbone of the nation, not bullet train kind of luxury projects. We can think of Bullet trains, Express Highways etc.. when 'Achche dinn actually arrives'.

    DisAgree [5] Agree [11] Reply Report Abuse

  • Joseph F. Gonsalves, Bannur, Puttur / Mangalore

    Wed, Jun 21 2017

    It is now imminent to replace Chaaiwaala Prime Minister to our honourable Siddharamaiah to the Central.

    HE HAS ACCOMPLISHED AAAAAAALLLLLLLLLL....... WHICHEVER PROMISED IN THE ELECTION MANIFESTO.

    WILL THE CENTRAL'S PETTHA SARAKARA GIVE 15 LAKHS TO EACH POOR CITIZENS OF INDIA.

    ಭಕ್ತ ಜನಗಳ ನಿರ್ಭಾಗ್ಯ
    ಪೆತ್ತ ಸರಕಾರದ ದೌರ್ಭಾಗ್ಯ.
    ಸಿದ್ದರಾಮಯ್ಯರ ಭಾಗ್ಯಗಳ ಮೇಲೆ ಭಾಗ್ಯ.

    DisAgree [11] Agree [16] Reply Report Abuse

  • Suraj, Mangalore

    Wed, Jun 21 2017

    Now, every year farmers start taking loans and it becomes their right to waive off crop loans for no reason. All MLAs should contribute one month salary and all government employees should contribute 15 days salary. What about other small farmers who have not taken farm loan?

    DisAgree Agree [9] Reply Report Abuse

  • G R PRABHUJI, Mangalore

    Wed, Jun 21 2017

    Good initiative taken by Siddaramayya. Right decision at right time.

    DisAgree [3] Agree [30] Reply Report Abuse

  • vincent rodrigues, bangaluru/Katapadi

    Wed, Jun 21 2017

    What about election promise of 15 lacs by Modi assured to the people

    DisAgree [8] Agree [25] Reply Report Abuse

  • mahesh, Mangalore

    Thu, Jun 22 2017

    modi himself has said that its a issue he will keep for the opposition to play next time.
    obvious it means it doesnt matter.

    DisAgree Agree [6] Reply Report Abuse

  • David Pais, Mangalore

    Wed, Jun 21 2017

    Siddramaiah's big loan waver bhagya 2 farmers.

    DisAgree [4] Agree [20] Reply Report Abuse

  • ca girishkk, m'ore/dxb

    Wed, Jun 21 2017

    Where is our promised Rs 15 lacs....,

    DisAgree [7] Agree [27] Reply Report Abuse

  • J.F.D SOUZA, Attavar, Mangalore

    Wed, Jun 21 2017

    Why waive now? Why so much delay in waiving the crop loans? When election is approaching why this vote bank politics.

    DisAgree [16] Agree [13] Reply Report Abuse

  • Vijay, Mangalore

    Wed, Jun 21 2017

    So many plans and benefits for the poor. Super work by the government.Never seen so much attention given to the weaker section of the society.Hope its continued to reach many more in the state and also in the country.

    DisAgree [6] Agree [14] Reply Report Abuse

  • mohan sr., Mangalore

    Wed, Jun 21 2017

    Good decision.. 50,000 Rupees is not a big amount , But for small farmers is very big... .. and it wont be a much burden for government ...

    DisAgree [4] Agree [29] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Jun 21 2017

    Modi waived off loans in Crores of rich industrialist friends ...

    DisAgree [17] Agree [38] Reply Report Abuse

  • mahesh, Mangalore

    Thu, Jun 22 2017

    If you have the details, post it here.
    No need to talk on air like kejriwal.

    DisAgree [8] Agree [5] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Thu, Jun 22 2017

    Twenty-nine state-owned banks wrote off a total of Rs 1.14 lakh crore of bad debts between financial years 2013 and 2015, much more than they had done in the preceding nine years.
    In response to an RTI application filed by The Indian Express, the RBI disclosed that while bad debts stood at Rs 15,551 crore for the financial year ending March 2012, they had shot up by over three times to Rs 52,542 crore by the end of March 2015.
    Asked about the details of the biggest defaulters, whether individuals or business entities, whose bad debts to the tune of Rs 100 crore or more had been written off, the RBI said: “The required information is not available with us.” Banks are required to report the bad debts on a consolidated basis, it said. - Indian Express ...

    DisAgree [4] Agree [7] Reply Report Abuse

  • Flavian dsouza, chik/bengaluru

    Wed, Jun 21 2017

    Farmers are always at the receiving end at 10k crores for 22 lak farmers is no big deal ..compared to 5 lak crores corporate owe to banks and now talks going on to restructure the loans which means they will ask corporate to pay nominal interest and they will make it afresh loan at reduce interest !!!now you know why banks are constantly reducing the interest on deposits for middle class ..its now around 6 % its because all large corporates are eating into the profits hence banks dont have money to pay the retired and midlle class depositors !!!

    DisAgree [3] Agree [18] Reply Report Abuse

  • N.M, Mangalore

    Wed, Jun 21 2017

    Good job Siddu sarkar!

    bjp Bhakts have a problem even if our state government helps the farmers.

    Siddu led INC government is the best and 'Yeddi-Sadanand-Shettar' govt are NO match for Siddu.

    DisAgree [20] Agree [40] Reply Report Abuse

  • Dinesh, Dubai

    Wed, Jun 21 2017

    in my opinion instead of waiving this small amount , collect one month salary from all elected and ex .MLA,MLC,MPs and give to former no extra burden to state goverment also.

    DisAgree [6] Agree [41] Reply Report Abuse

  • Nagaraj, Banglore

    Wed, Jun 21 2017

    Farmers can't do anything with 50,000. Can someone tell me what farmers can do with 50,000 rupees ?? This will help only the people who took loan in the name of farmer to spend in bar.

    DisAgree [27] Agree [16] Reply Report Abuse

  • Anand, Mangalore

    Wed, Jun 21 2017

    Very true. 50000 is nothing atleast 15 lacs should be given as promised!

    DisAgree [11] Agree [32] Reply Report Abuse

  • Jaimini P.B., Manipal,Sharjah

    Wed, Jun 21 2017

    After series of Blunders, finally Siddu made one good decision..Congrats

    DisAgree [49] Agree [12] Reply Report Abuse

  • Langoolacharya., Belman/Wash DC.

    Wed, Jun 21 2017

    Good decision? or Vote bank politics???...
    This will make people default more...not good economics...
    When State waives farmers loans means all tax payers( direct and indirect tax payers) pay it...
    Person who buys a match box is also an indirect tax payer...

    ...JH...

    DisAgree [30] Agree [18] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Jun 21 2017

    Burnol is best ...

    DisAgree [12] Agree [24] Reply Report Abuse

  • N.M, Mangalore

    Thu, Jun 22 2017

    .....Itch guard, Zandu balm and Band aid too.

    DisAgree [1] Agree [4] Report Abuse

  • Anil Wilson Rodrigues, Panjikal Kajebail

    Wed, Jun 21 2017

    @Langoolacharya., Belman/Wash DC.
    I think it is better to waive of the farmer's loans than , waiveing of corporate big shots.. Be proud to be a part of this project.

    DisAgree [7] Agree [21] Reply Report Abuse


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Title: Bengaluru: State waives crop loans of farmers from cooperatives up to Rs 50,000



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