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Loans of 2.3 mn Karnataka Farmers to be Waived Off
September 04, 2018
Around INR 301.63 billion worth of farm loans of 2.3 million farmers in Karnataka will be waived off as the Karnataka cabinet has given a nod on the same.
Karnataka Chief Minister H D Kumaraswamy said that the government has already issued a Government Order (GO) on cooperative bank farm loan waiver and is currently working on issuing the same for the nationalized banks as well. He said that the waiver will benefit 2.3 million farmers and cover the interest amount that’s supposed to be paid on the loans as well.
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