Centre must waive farm loans given by banks: CM

A day after announcing waiver of crop loans availed by small farmers, Chief Minister Jagadish Shettar on Wednesday said his government would urge the Centre to waive loans disbursed to farmers by nationalised banks in view of the severe drought in the State.

“We will bring pressure on the Centre to waive the loans disbursed by nationalised banks.

A large number of farmers in the State will benefit if that is done,” he told the Legislative Assembly.

On the demand by the Opposition parties to give effect to the loan waiver scheme from April 1, 2011, he said he would hold talks with the Finance Department officials and take an appropriate decision.

“I will consider the demand with an open mind. I will soon clarify my stand,” he said.

Suvarna Bhoomi

Besides the farm loan waiver, Shettar said the government would release Rs 125 crore under the Suvarna Bhoomi scheme, a programme that seeks to provide Rs 10,000 for small and marginal farmers in dryland areas.

The chief minister further said that the government was in the process of restoring pension benefits to around two lakh people.

He also said about 59,000 Ashraya houses would be handed over to the beneficiaries by August-end.

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