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Bonanza to farmers

Mysore, May 26, 2013:

The government  is planning to increase the interest free loans to farmers up to Rs 2 lakh and same would be included in the budget which would be presented in the first week of july , said H S Mahadeva Prasad, co-operative Minister  here today.

Addressing the media persons  he said the government also intended to increase the loans to farmers of all kinds and provide three percent interest up to  Rs 5 lakhs . The previous BJP government had been giving interest free loans up to   Rs one lakh and three percent interest up to Rs 3 lakhs. The decision has been taken in order to help more farmers in the state to avail loans for their farming activities, he added.

On the loans waiver to farmers up to Rs 25.000 announced by the previous government , he said  the previous government  have reimbursed   only Rs 940 crores  out of Rs  3600 crores  to the concerned  cooperative  banks .  The remaining amount has to settle by this government and the process already began in this direction, he pointed out.

He  also said that the ongoing  yashashivni  health programme for the farmers in the state would be continued  and  the scheme  would be extended  to wide range of areas .

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