Kumaraswamy announces 1 lakh more farm loan waiver borrowed from cooperative banks. BJP stages a walkout. In view of the mounting pressure both from the farmers and the collation partner Congress, Karnataka Chief Minister HD Kumaraswamy announced wavier of one lakh more loan wavier to the distressed farmers in the Karnataka.
Announcing this in the Assembly on Thursday while replying to the Budget debate Chief Minister made an announcement of an additional loan waiver of Rs 10,700 crore from cooperative banks.
However he refused to bow to the pressure from the coalition partner, Congress, to roll back the fuel price hike proposed in the State Budget.
He said, “I’m giving one more good news to our farmers; we have decided to waive existing crop loans up to Rs 1 lakh borrowed from the cooperative sector. I have earmarked Rs 10,700 crore for this.” He declared that his Government was committed to protecting the interest of farmers and “saving” them.
Despite mounting pressure from the Congress to roll back the hike in petrol and diesel prices, Kumaraswamy, who also holds the finance portfolio, stuck to his decision.