Bengaluru: Cooperative sector farm loans till May 31 to be written off


From Our Special Correspondent
Daijiworld Media Network - Bengaluru

Bengaluru, Jun 20: The five-member panel formed by the Congress-JD(S) coalition’s coordination committee for drafting the HD Kumaraswamy’s government’s Common Minimum Programme (CMP) has decided to incorporate writing off cooperative sector farm loans till May 31, 2018 and grant of maternity pension of Rs 4,000 a month to women for the nine month period of pregnancy.

The decision to incorporate the waiver of cooperative sector agricultural loans in the CMP was taken following the insistence of JD(S) members and also payment of maternity pension to women of BPL families during the pregnancy term

The first meeting of the committee was held in Bengaluru on Wednesday.

The committee circulated the first draft copy of the CMP which would include manifesto promises of both parties.

The panel members have decided to hold the next meeting on June 25.

All the committee members - former Union Minister and chairman of Congress manifesto Committee M Veerappa Moily, Revenue Minister R V Deshpande, Water Resources Minister D K Shivakumar, Public Works Minister H D Revanna and Cooperation Minister Bandeppa Kashempur - arrived at a consensus on writing off farm loans and decided to incorporate in the draft CMP.

The CMP drafting committee would submit the draft of the CMP to the coordination committee panel headed by former Chief Minister Siddaramaiah for the approval after the next meeting.

The committee was given time of 10 days for drafting the CMP.

Speaking to reporters after the meeting, Moily said the committee held preliminary discussions on drafting the CMP.

It was decided to study the successful farm loan waiver implemented by the Congress government in Punjab, he said.

Revanna said the committee has agreed to write off loans borrowed from cooperative institutions, which would amount to Rs 11,193 crore and about 22 lakh small and marginal farmers would benefit from it.

The coalition government has decided to study amount of loans borrowed from nationalised commercial banks.
Revanna also said that it was agreed to incorporate maternity benefit for families belonging to the below poverty line and increase old age pensions.

A monthly sum of Rs 4,000 would be provided each woman during the nine-month pregnancy period.

  

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Comment on this article

  • Vincent Rodrigues, Bengaluru/Katapadi

    Thu, Jun 21 2018

    Farmers are the life line of our country and extending helping hand when they are in difficulty is the main duty of the government.

    DisAgree Agree [4] Reply Report Abuse

  • KRPrabhu, Mangalore/Bangalore

    Thu, Jun 21 2018

    ಬೇಸಾಯಾ ಹಲವರಿಗೆ ಒಂದು ಜೀವನ ವ್ಯಾಪ್ತಿ...ಅಂತೆಯೇ ಅಸಂಖ್ಯಾತ ಜನರಿಗೆ ಕಡಿಮೆ ಆದಾಯ ದವರಿಗೆ ಇತರ ವ್ಯಾಪ್ತಿ ಇದೆ..ಸಣ್ಣ ವ್ಯಾಪಾರ,ಹೈನುಗಾರಿಕೆ ,
    ,ಚಿಲ್ಲರೆ ವ್ಯಾಪಾರ,ಸಂತೆಯಲ್ಲಿ ವ್ಯಾಪಾರಿಗಳು ,ರಸ್ತೆ ಬದಿ ವ್ಯಾಪಾರಿಗಳು ..ಇವರು ಕೂಡ ಬ್ಯಾಂಕಿನಲ್ಲಿ ಸಣ್ಣ ಪ್ರಮಾಣದ ಸಾಲಗಾರ ರೆ....
    .ಇವರ ಸಾಲ ಕೂಡಾ ಮನ್ನಾ ಆಗಲಿ...

    DisAgree [1] Agree [3] Reply Report Abuse

  • bala, mangalore

    Thu, Jun 21 2018

    Yes you are correct.Govt should look in to farm labours,small traders,artisans and unsecured labours.

    DisAgree Agree [5] Reply Report Abuse

  • Harish, Kadaba

    Thu, Jun 21 2018

    Most famers paid as may 31 last date and else 12/: interest as told by banks!
    Just eye wash
    Rather than these help farmers with stable price
    Give them good power supply....

    DisAgree Agree [9] Reply Report Abuse

  • Jossey Saldanha, Mangalore

    Thu, Jun 21 2018

    Modi waives loans only for rich Businessmen ...

    DisAgree [5] Agree [14] Reply Report Abuse

  • Fayaz, Mangalore /Dubai

    Wed, Jun 20 2018

    The FEKU and his BAKTHS dont want development or to help poor and
    Needy if they really cared
    1. They would have reduced petrol prices
    2. Abolished gst no one know we're the money goes
    3 India is an agricultural country so had given importance to it then
    Ambani adani or the MODIES who ran
    4 brought back black money for the development of country
    5 whats the use of bullet train try to improve the railways so poor and
    Needy are benefited who is benefited by bullet train
    Every thing they are doing for the rich few and looting poor and middle class
    Citizens

    DisAgree [3] Agree [7] Reply Report Abuse

  • Balanna, M'lore

    Wed, Jun 20 2018

    This loan waiver will makes farmers rogues.They will not repay any loans due to vote bank politics by our leaders. Give the farmers other facilities like irrigation equipments, modernization, good rate..etc.

    DisAgree [1] Agree [22] Reply Report Abuse

  • 57"Chest, Mangalore

    Wed, Jun 20 2018

    Even with closed eyes (not Blind Bhakts) can say state is ruled by non BJP party and fulfilling its election promise.

    DisAgree [9] Agree [10] Reply Report Abuse

  • Langoolacharya, Belman / Washington,DC

    Thu, Jun 21 2018

    Right....you don't know the consequences of this action....State Government might not be able to pay salaries to teachers and Police and resort to taxing you indirectly( Petrol-Alcohol-Tobacco)...then tears will start tolling through your cheeks....

    ...JH...

    DisAgree [3] Agree [8] Reply Report Abuse


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