Bengaluru: Three days after announcing waiver of farm loans of up to Rs. 50,000 taken from State-run Co-operative Institutions, Chief Minister Siddharamaiah yesterday issued a Government order to this effect.
According to the order, the loan waiver will be applicable to those farmers, who have taken loans from Primary Land Development (PLD) Banks, Primary Co-operative Agriculture and Rural Development (PICARD) banks, District Co-operative Central (DCC) Banks and large-sized Adivasi Multipurpose Co-operative Societies (LAMPS). The waiver is subject to a total of 14 conditions.
The waiver, which will be applicable to one loan per farmer in one Bank, will not include middle- term and long-term loans taken for non-agricultural purposes and under other schemes, the order stated. In case the farmer is dead, his kith and kin can avail the benefit. The State Govt. will discuss modalities of implementing loan waiver scheme with the Finance Dept. and issue a separate order shortly, the GO stated.
This post was published on June 25, 2017 6:33 pm