Bengaluru, Dec 4: Reiterating that the Karnataka Government is committed to implement total farm loan waiver, Chief Minister H D Kumaraswamy announced that first instalment of loan waiver disbursement relating to Co-operative institutions will start from next week.
Addressing newsmen after chairing a meeting of the Lok Sabha and Rajya Sabha members from Karnataka, here on Tuesday, he said that “first line of repayment of Farm loan upto Rs 50,000 will be remitted to over 17 lakh farm loan accounts. Whether State government will receive financial assistance or not we will keep our promise on farm loan waiver”.
Maintaining that the State government is also very much committed to waiver of farm loans availed by the farmers from the commercial and public sector banks, he said that "the process of collection of statistics related farm loan advanced by the banks is on the verge of completion. Once it was done, we will start reimbursement of loans”.
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