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Bengaluru: CM asks MPs to press Modi for waiver of commercial bank farm loans

From Our Special Correspondent
Daijiworld Media Network

Bengaluru, Dec 4: Even as Karnataka Legislature is commencing its winter session in the border town of Belagavi, in Mumbai-Karnataka region, from next Monday December 10, Chief Minister H D Kumaraswamy has urged all MPs from the State to vigorously pursue State issues such as Mahadayi water dispute, Makedatu drinking project and waiver of 50% farm loans borrowed from commercial banks.

"This is the duty of all State’s MPs to fight for the cause of Karnataka during the winter session of parliament,’’ Kumaraswamy told the MPs, who included Union Ministers D V Sadananda Gowda and Ramesh Jigajinagi.

Another minister from the state, Ananth Kumar Hegde did not attend the meeting while majority of all Congress and JD(S) MPs participated. 

Addressing the MPs in Bengaluru on Tuesday, Kumraswamy said members of both Rajya Sabha and Lok Sabha should put pressure on the Modi government to waive at least 50 per cent of farm loans borrowed from commercial banks in the State.

The Chief Minister told Members of Parliament of all Lok Sabha constituencies to take up pending projects by the Centre in Karnataka.

Setting aside party differences, he asked the MPs to exert pressure on the centre to complete the pending road, railway and health projects sanctioned by the Modi government.

The meeting was attended by Karnataka government Ministers.

It discussed in detail the drought situation faced by the state and drinking water crisis.

Already 100 taluks have been declared drought hit by the State government and it has been demanding more relief from the Centre.

The MPs were also asked to take up the issues related to the Mahadayi water project.

The Karnataka government has filed a fresh petition in the Apex Court challenging the validity of the Mahadayi water dispute tribunal’s decision limiting the allocation of the water to 5.40 tmcft to the state and allowing the surplus water to flow into the sea.

The meeting also discussed multi-purpose Mekedatu project across the river Cauvery near Kanakapura and told MPs to take up the issue in the parliament.

The state government is expected to complete the DPR of the project in six to nine months.

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Comment on this article

  • Vincent Rodrigues, Katapadi/Bangalore

    Wed, Dec 5 2018

    MPs have the bound responsibility to urge the PM to consider the urgent needs of the state through central aid and policies.

    DisAgree Agree Reply Report Abuse

  • Khader, Udupi

    Wed, Dec 5 2018

    Farmer loan may only be waived off only on individual case basis, one shall put affidavit and state complete facts and circumstances for waive-off, it shall be published in officially in his panchayath notice board and further also published in the official website, invite objections within 15 days before taking a decision on waive off , if there is any misrepresentation of facts, fraud or cheating then he /she shall be punished for false affidavit.

    Pass a bill in the Legislative assembly and waive-off farmer’s loan only to the deserving farmer with such terms and conditions.

    I hope politician do not do it, irrespective of party of the politicians all are rich farmers or Benami land lords and wants to loot the tax payers money by some or other way.

    Indian politicians are the most crooked, greedy and unsatisfied souls and causing economic imbalance in the society and looting the country without any proper system of checks and balance. The Corruption shall be treated as a grave offence against the state, which causes enormous financial loss to the nation's exchequer. Middle class people and working class people pay their hard earned money and the politician get a chance to loot and finally get way, the system is disgusting.

    We hardly find sincere politician in India and when it comes looting and corruption, most of the politicians are sailing in the same boat.This is our sad state of affairs.

    Please do not trust Indian politician blindly, they do most of the things to achieve their ulterior motive.

    DisAgree Agree [2] Reply Report Abuse

  • Paapadaye, Mangalore

    Tue, Dec 4 2018

    Respceted CM,
    I'm a middle class person and have a housing loan of 45 lakhs on my head , the house is as important for me as crops are from farmer , so please waive my loan too

    Thank you

    DisAgree Agree [4] Reply Report Abuse

  • SMR, Karkala

    Tue, Dec 4 2018

    Prime Minister Modi government 'Statues' are priorities rather than 'farmers' of India who feeds the nation.
    This is the reason government portal has no data on farmers details from the last two years. No data no critics.
    The BJP central government can waive nearly 3 lakh crores for his crony capitalist, spent $1 Billion on statues. But when it comes to the breadbasket of India the government has no money.

    Under Modi's Crop Insurance Scheme(Pradhan Mantri Fasal Bima Yojana ), Companies Owe Farmers a Whopping Rs 2,800 Crore. Claims have remained unpaid even after the stipulated period of two months has long passed.Crop insurance scheme benefits companies more than farmers. According to the Agriculture Ministry's data, all 17 insurance companies -- five public and 12 private impanelled under the Pradhan Mantri Fasal Bima Yojana (PMFBY) registered a margin of ₹15,029 crore as they paid out claims of a mere ₹2,767 crore against the ₹17,796 crore collected as premium.
    Under the scheme, farmers have to pay just 2% of total premium in case of kharif, 1.5% for rabi and 5% for horticulture and remaining premium is shared equally by the Centre and the states. However, there is no cap on the actuarial premium rates charged by the insurance companies, was "very high" for some crops.
    While thousands of farmers are protesting on Delhi roads demanding farm loan waivers and higher prices for produce, Modi government seems to be busy in manipulating GDP numbers. Farmers from the states of Maharashtra, Madhya Pradesh, Punjab, Haryana, and Rajasthan are also asking for a guaranteed minimum income for farmers.
    Farmers need freedom from debt. They are not asking for dole, they are not criminals. The farmer is in debt today not because he has messed up but because of the flawed policies of the government
    Jai Hind

    DisAgree [6] Agree [4] Reply Report Abuse

  • mahesh, mangalore

    Tue, Dec 4 2018

    You keep spreading fake news.
    It won't matter.
    Modi will still win in 2019

    DisAgree [5] Agree [8] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Wed, Dec 5 2018

    All depends on EVM's ...

    DisAgree [3] Agree Reply Report Abuse

  • KRPrabhu, Mangalore/Bangalore

    Tue, Dec 4 2018

    People if Karnataka are loosers of Congress JDS ghatbandhsn in the state.Jds wants fame , but modi govt should act...

    DisAgree [1] Agree [7] Reply Report Abuse

  • DR.S.Kamath, Mumbai

    Tue, Dec 4 2018

    Difference between writing off Industrial loans and Farm loans is that
    For Industrial loans they are written off on books but recovery will continue
    Whereas Farm loans will be waved off completely no recovery
    Still I feel famers deserve it
    If UP govt has done why can't Karnataka govt do ?

    DisAgree [3] Agree [12] Reply Report Abuse

  • mahesh, Mangalore

    Tue, Dec 4 2018

    UP state has not got any help from the centre. They have to manage it from thier state budget itself.
    Whereas HDK is now asking the centre for help.
    Of course it wont happen.
    whoever does it, farm loan waivers have never been proven to solve the issue.

    In 2009, UPA-1, gave a farm loan waiver of 70,000 crore. What happenned?
    Nothing changed for the farmers, but it helped the UPA-1 to come back to power. That was the only benefit.

    DisAgree [3] Agree [8] Reply Report Abuse

  • El En Tea, Mumbai

    Tue, Dec 4 2018

    Modi n waive loan are you Joking
    As soon as become P M started to collect from our saving account through bank only to fill the form not returnable amount on PM Jivan Bhima
    Similarly two wheeler ins.yojna.

    DisAgree [10] Agree [5] Reply Report Abuse

  • mahesh, mangalore

    Tue, Dec 4 2018

    This will never happen.
    The same thing was told to UP and Maharashtra govt when they wanted to waiver loans.
    Centre has made it clear that it's the state govt responsibility,, be it run by Congress or BJP.
    So, forget about it.

    DisAgree [1] Agree [11] Reply Report Abuse

  • Jossey Saldanha, Mumbai

    Tue, Dec 4 2018

    Modi waives loans only of Industrial friends like Ambani, Adani, Jindal, Nirav & Chokshi ...

    DisAgree [18] Agree [10] Reply Report Abuse

  • Sanjay, Hebri

    Tue, Dec 4 2018

    All are congis friends, they took loan by giving commission to ita lian madam, now commission takers are shouting.....
    90% of farmer's loan waiver is just goes to well off farners.
    I know many people who take loan in Co opertive banks usually under 0% or low interest rate, keep that amount in another bank as FD, such people get bonus in waiver.
    Every year farmer's loans are waivered, but no real impact.

    DisAgree [6] Agree [20] Reply Report Abuse

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Title : Bengaluru: CM asks MPs to press Modi for waiver of commercial bank farm loans


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