All Pomp And No Show: Karnataka’s Rs 44,000 Crore Loan Waiver Benefited Only 800 Farmers, Admits State GovernmentKarnataka 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.

An Appeal...

Dear Reader,

As you are no doubt aware, Swarajya is a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.

Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.

We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.

Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.

Become A Patron
Become A Subscriber
Advertisement