Summary:
MANGALURU: The state government would honour its budget commitment to waive agriculture loan of every single eligible farmer in Karnataka , minister Bandeppa Kashempur said. Under this, SHGs will receive loans up to Rs 5 lakh at 0% interest and loans up to Rs 10 lakh at 4% interest. An applicant SHG must have at least 10 members, he said, adding the average borrowed of each group was around Rs 3-4 lakh and they would benefited from it. To plans from union ministry for chemicals and fertiliser to set up fertiliser plant in the cooperative sector in Karnataka, Kashempur said the state government would give all statutory clearances including facilitating land acquisition for the plant at Harihar.The Kayaka scheme that the CM launched at the Belagavi session to spur entrepreneurship among self-help groups will be extended to entire Karnataka in a phased manner. The waiver has helped 22 lakh farmers who obtained loans from co-operative sector.Plans are afoot to extend agriculture loans to 15 lakh odd farmers to help their agriculture operations for next farming season, the minister added.While addressing the gathering at Rajata Sambrama function to fete SCDCC Bank president MN Rajendra Kumar completing 25years in office, Kashempur said the government had released Rs 8,165 crore to waive agriculture loan up to Rs 50,000 and 300 farmers in Dakshina Kannada district had benefited to the tune of Rs 338 crore..