Karnataka CM presents estimate of Rs 3000 crore for farm loan waiver

First Published 16, Nov 2017, 4:47 PM IST
CM presents estimate of Rs 3000 crores for farm loans waiver
Highlights
  • Chief Minister Siddaramaiah, who also holds the Finance portfolio, presented the second installment of supplementary estimates list.
  • That included grants of a Rs 2999 crore for farm loan waiver and Rs 14.37 crore for cloud seeding to Cooperative Department, totalling Rs 7,476.86 crores.
  • The State Government is sanctioning Rs 153 crore extra for paying the interest for the loan taken in the open market.
  • In the supplementary estimate Rs 3000 crore has been allotted to the Cooperatives Department.

Chief Minister Siddaramaiah, who also holds the Finance portfolio, presented the second instalment of supplementary estimates list that included among other things, grants of a Rs 2999 crore for farm loan waiver and Rs 14.37 crore for cloud seeding to Cooperative Department, totalling Rs 7,476.86 crores, reported Kannada Prabha.

The State Government is sanctioning Rs 153 crore extra for paying the interest for the loan taken in the open market. Though the Chief Minister announced that the farm loans up to Rs 50,000 from various cooperative banks would be waived, MSIL was ready to deposit the funds in the respective DCC Banks. However, strong protest was registered for this and in the supplementary estimate Rs 3000 cr has been allotted for Cooperative Department.

In the proposal, under the Personnel Department, for Nava Karnataka Nirmana Vision 25 manufacture unit project Rs 5.96 crores and for development of Raja Bhavan gardens Rs 2.86 crores and for conducting Public Service Commission examinations Rs 22.3 cr have been sanctioned.

For development of roads around Bengaluru an additional Rs 200 crores, for development works under Kranthi Veera Sangolli Rayanna Pratisthana Rs 25 crore, for modernisation of police project Rs 15 crores, for State jail intelligence data collection Rs 1 crore, for women entrepreneurs’ interest subsidy Rs 26.50 cr , for organising international film festival in Bengaluru additional Rs 2.22 cr, for Hampi Kannada University silver jubilee Rs 1.25 cr, for Bengaluru Judicial building Rs 42 cr, for conveyance of P M Ashok Rs 25 lakhs, for public contact and field publicity Rs 66.53 cr, for advertisements to be prepared and displayed on government busses Rs 31.25 cr totally Rs 97.78 crores have been allocated. For the Inquiry Commission of DySP Ganapathi additional Rs 44 lakhs and for development and repairs of rural roads Rs 248 crores have been allocated.

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