Loan closure certificates for 22 lakh farmers next year, says Bandeppa Kashempur
BELAGAVI: Under huge pressure from all quarters for waiver of farm loans, the government has decided to initiate some stringent measures to officially get the loans of farmers closed.
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According to Cooperative Minister Bandeppa Kashempur, about 22,38,000 farmers who availed crop loans from cooperative banks will get loan-closure certificates by July 2019. Denying all speculations about loan-waiver scheme, he said news that the government would take at least four years time to waive the farmers’ loan in cooperative banks.
During a discussion in the upper house on the severe drought that has affected many areas in the state, Kashempur said the government took a historic decision by waiving crop loans from both cooperative and commercial banks, bringing a big relief to the farmers’ fraternity. “Several other states too are discussing the loan waiver programme of Karnataka. A separate process will be taken up for waiver of crop loans taken by 22,000 farmers from nationalised banks, he said.