Karnataka for loan waiver to help farmers
Karnataka on Tuesday sought sops like loan waiver and reduced interest on commercial bank loans in order to help small and marginal farmers and give a boost to "moribund" agriculture sector.
By PTI |
NEW DELHI: Karnataka on Tuesday sought sops like loan waiver and reduced interest on commercial bank loans in order to help small and marginal farmers and give a boost to "moribund" agriculture sector.
In its budget for 2007-08, the state government had announced the decision to waive co-operative loan upto Rs 25,000 per farmer and continue to provide co-operative loans at four per cent interest which was announced in the budget for 2006-07.
"The Union Government should also consider similar steps in the case of commercial bank loans availed by farmers," Karnataka Chief Minister H D Kumaraswamy told the National Development Council meeting here.
Kumaraswamy, whose speech was read out by State Home Minister M P Prakash, urged the Centre to take the lead and protect the sugar industry and farmers from the fluctuations in the world market.
"The Centre should extend support like Market Intervention Scheme to protect the interests of farmers and prevent distress sales," he said.
Noting that states were seldom consulted on WTO matters and whenever such discussions took place they were perfunctory, he said the Centre should constitute a Permanent Secretariat which should interact with state governments on a regular basis.
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