Agri Finance: Karnataka government announced relief package for interest on crop loansHome

Karnataka government today announced waiver of interest and penal interest on crop loans from cooperative banks for the current fiscal and hike in compensation from Rs 2 lakh to Rs 5 lakh to families of farmers who had committed suicide.

Chief Minister Siddaramaiah said that the government would also increase monthly widow pension from Rs 500 to Rs 2,000 and bear educational expenses of children up to post-graduation level in the families of farmers who had committed suicide.

Cooperative banks had also been asked to reschedule loans and defer recovery of instalments for a year. Siddaramaiah said the state government would also work towards getting higher Minimum Support Price, a subject that fell within the Centre's purview, for paddy, jowar and ragi.

Source: http://economictimes.indiatimes.com /