Insta
All Pomp And No Show: Karnataka’s Rs 44,000 Crore Loan Waiver Benefited Only 800 Farmers, Admits State Government
Karnataka Chief Minister H D Kumaraswamy. (Sanchit Khanna/Hindustan Times via GettyImages)
Four months after the high-profile loan waiver scheme announced by the Chief Minister of Karnataka, the number of farmer beneficiaries is as low as 800, Times Of India has reported. The state government itself admitted to the numbers, and the information was given to the legislative assembly by corporation minister Bandeppa Kashempur.
The corporation minister justified the delay by saying that the government was expecting 43 lakh applications including 20 lakh farmers who have availed loans from cooperative banks. Further, he added that commercial and district cooperative banks had been asked to submit information.
The two databases will reportedly be crosschecked before arriving at the finalised list of beneficiaries. The minister clarified that the delay in implementation of loan waiver was due to the absence of the final list and not the lack of funds
The current chief minister had vowed to waive loans of farmers within 24 hours of coming to power in his election rallies and manifesto.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.
Latest
