Bengaluru: Karnataka’s newly appointed Chief Minister BS Yeddyurappa on Wednesday said that he will soon waive off crop loans of farmers across the state in line with BJP election pledge.
Addressing the media in the State Capital CM Yeddyurappa said, “I had promised the farmers that I would waive off crop loans up to Rs 1 lakh soon after I become the chief minister. I have already conveyed to the Chief Secretary (K. Ratna Prabha) to give me the details and we will announce the waiver within two days.”
BJP had earlier promised in its manifesto that it will waive off all farmers’ loans up to Rs 1 lakh from nationalised and cooperative banks if they formed a government.
The party said it will support about 20 lakh small and marginal dry land farmers in the state through a direct income support of Rs 10,000 and ensure that farmers receive 1.5 times the cost of production as Minimum Support Price (MSP) along with Rs 5,000 crore “Raitha Bandhu Market Intervention Fund” to support farmers during price fluctuations. It will introduce a “Raitha Bandhu” department under the Chief Minister’s Office to monitor the farmers’ schemes.
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