Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 150
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 151
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 148]
Warning (2): Cannot modify header information - headers already sent by (output started at /home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php:853) [CORE/src/Http/ResponseEmitter.php, line 181]
LATEST NEWS UPDATES | Farm loan waiver may give Karnataka farmers easier access to credit -

Farm loan waiver may give Karnataka farmers easier access to credit -

Share this article Share this article
published Published on Jun 23, 2017   modified Modified on Jun 23, 2017
-Livemint.com

Burden of farm loans has driven many Karnataka farmers into the clutches of moneylenders, who at times charge even by the hour

Bengaluru:
Naveen Kumar, 40, a small farmer in Hassan district, Karnataka, paid Rs.2,400 as premium (Rs.1,200 per acre) to insure his jowar crop last year.

The crop failed after deficient rains. But Kumar was covered—or so he thought. Earlier this year, he received Rs1,600 (Rs800 per acre) as compensation—33% less than what he paid in premium. He does not know the actual insurance amount.

“No farmer here knows the real reason. Local officials and the bank are also clueless. We got less than what we paid as premium,” Kumar said. He is among the state’s 7.5 million farmers now banking on a farm loan waiver announced by the state on Wednesday.

The government has agreed to waive crop loans worth Rs8,165 crore or up to Rs50,000 per farmer borrowed from cooperative banks. Cooperative banks have disbursed Rs10,736 crore while nationalized and commercial banks have lent over Rs.42,000 crore. The waiver will benefit over 2.2 million of the state’s farmers.

The government says in order to help the rest, it needs support from the Central government, which has flatly refused to back farm loan waivers.

Earlier, Congress vice-president Rahul Gandhi’s visit to Mandsaur in Madhya Pradesh where six people in a farmers’ agitation died in police firing and subsequent demands to waive farm loans in that state had irked farmers in Karnataka. “If he can demand this in MP, can’t he instruct the same to Congress-ruled Karnataka,” Kodihalli Chandrashekar, president of the Karnataka Rajya Raitha Sangha (state farmers’ association) said.

Please click here to read more.
 

Livemint.com, 22 June, 2017, http://www.livemint.com/Politics/1CTYkgP135uK32KVBnNSlI/Farm-loan-waiver-may-give-Karnataka-farmers-easier-access-to.html


Related Articles

 

Write Comments

Your email address will not be published. Required fields are marked *

*

Video Archives

Archives

share on Facebook
Twitter
RSS
Feedback
Read Later

Contact Form

Please enter security code
      Close