Karnataka budget 2017: Govt likely to waive off crop loans, to benefit 10 lakh farmers
- Government aims at waiving off farmers loan of Rs 25,000, helping 10 lakh farmers
- The budget also promises a special package to the SC and ST communities
- It also aims at building 7 lakh homes in the city and planning two satellite cities
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CM Siddaramaiah is under pressure to waive off the loans of farmers as the most districts in the state are severely hit by drought. Thus, the government is likely to limit the loans taken from the co-operative banks to Rs 25,000 and to waive it off.
According to sources, the 23.79 lakh farmers have taken crop loans worth Rs 10,551.99 crore from the co-operative banks. Thus, the government will waive off Rs 25,000 in the principal loan amount of each farmer. With this, at least 10 lakh farmers will bet the benefit of their complete loan being waived off and others will have Rs 25,000 waived off from their total loan amount.
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In addition, he has formed a special package for the people belonging to the Scheduled Castes and Scheduled Tribes. According to the census of 2011, there are 1.04 crore people in the Scheduled Castes (SC) and 42.48 lakh people in the Scheduled Tribes (ST) list. Among the 4.30 lakh people in the SC and 2.70 lakh people belonging to the ST are living below the poverty line (BPL). These people will get the special provision of the free power supply.
Apart from this, the government also aims at building 7 lakh homes in the city and planning two satellite cities in the outskirts to create a balance between the voters of the city and rural areas. With all these provisions, Siddaramaiah is trying to please his Ahinda voters, who belong to the backward classes of the society in Karnataka.
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