Mangaluru : The government would soon announce a waiver of ₹79.47 crore in farm loans borrowed by 10,187 farmers in Karnataka who succumbed to COVID-19 said, Co-operation Minister S.T. Somashekar on July 14. Loans borrowed from apex, district credit cooperative banks and primary agricultural cooperative societies (PACS) would be waived. Chief Minister B.S. Yediyurappa would […]

Mangaluru : The protesters urged the government for total waiver of loans of the farmers. “The waived amount should be credited to the account of the beneficiary farmers immediately. Several arecanut growers, who incurred loss due to the fruit rot disease in 2017-18, did not receive compensation from the government. The compensation amount should be […]

Mangaluru: The Karnataka Bank is targeting Rs. 6,800.00 crore of farm credit during current financial year 2017-18. This constitutes 18.09% of ANBC (Adjusted Net Bank Credit) as against the minimum regulatory requirement of 18%. In fact, as on 31.03.2017, also Bank has achieved its agriculture advance target of 18% and is confident of maintaining the […]

Bangalore: Chief Minister Jagadish Shettar has informed the state assembly on Tuesday that the state government has decided to waive Rs 3500 crore farm loans of 16 lakhs farmers, along with interest in the wake of the abject drought conditions in the state. At the same the CM made it clear that the waiver will […]

Bangalore : The Karnataka government plans to extend farm loans at one percent interest under the cooperative sector to help farmers increase output, Governor H.R. Bhardwaj said Thursday. “The government intends to examine the feasibility of extending farm loans under the cooperative sector at a lower interest rate of one percent,” Bhardwaj said in his […]