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“Our authorities has determined to waive off curiosity on medium and long-term overdue loans of DCC and Major Cooperative Agriculture and Rural Improvement (PICARD) banks. It will profit greater than 57,000 farmers. Because of this scheme, the DCC/ PICARD banks will have the ability to get well loans to the tune of Rs.496 crore,” Siddaramaiah stated.
He stated the federal government will present Rs 450 crore monetary help by the use of compensation to the banks underneath the scheme. “This choice will deliver a few appreciable enchancment within the monetary situation of those banks,” the chief minister stated.
Siddaramaiah stated that in 2023-24 it was determined to increase the mortgage restrict for interest-free quick time period mortgage from Rs 3 lakh to Rs 5 lakh and, equally, the higher restrict for medium and long-term loans, that are offered at a subsidised rate of interest of three per cent, was raised from Rs 10 lakh to fifteen lakh.
Within the present yr, the focused lending by means of the cooperative sector is Rs 27,000 crore, he stated, including that this might profit greater than 36 lakh farmers within the state.
Additionally learn: Karnataka Funds bulletins intimatelyTo encourage built-in agriculture, varied schemes associated to the agricultural sector might be consolidated and a brand new scheme known as ‘Karnataka Raitha Samruddhi Yojane’ might be began from this yr, the chief minister stated. A brand new programme “Namma Millet” might be began, underneath which processed millets and value-added millets might be made accessible at inexpensive costs, he added.
To advertise sustainable agriculture in drought-affected and rain-fed areas of the state and to help soil and water conservation, 5,000 water our bodies might be created over a interval of 5 years, the chief minister stated.
To advertise processing, worth addition and export of agricultural and horticultural produce, meals parks might be established close to airports underneath Public-Non-public Partnership, Siddaramaiah stated.
Within the present yr, these meals parks might be established at Sogane in Shivamogga district, Ittangihala in Vijayapura District and Pujenahalli village in Bengaluru rural district, he knowledgeable within the Meeting.
“Kisan Malls” might be opened in choose districts to supply farmers with horticulture associated technical steerage, market connectivity, farm implements and agro merchandise underneath one roof, he stated.
Floriculture is practised in 40,000 hectares of land within the State, Siddaramaiah stated. To advertise gross sales and exports of floricultural crops, a well-equipped industrial floriculture market of worldwide requirements might be arrange in Bengaluru metropolis underneath Public-Non-public Partnership, he added.
A “Spice Park” might be developed in Chikkamagaluru district underneath public-private partnership to encourage spice rising farmers and promote export of spices, he added.
To encourage dairy farming amongst girls, six per cent curiosity subsidy might be offered on the situation of well timed reimbursement of the mortgage availed for purchasing cow/ buffalo, the chief minister introduced.
For the prevention of atrocities on nomadic shepherds and their properties, an Act might be enacted, he stated.
The federal government additionally plans to speculate Rs 3,000 crore within the coming years for all-round improvement of the fisheries sector, Siddaramaiah stated.
For emergency evacuation of fishermen within the occasion of well being emergencies and accidents, the State’s first sea ambulance might be launched at a price of Rs seven crore, the chief minister stated.
The federal government appreciates the Central Authorities’s choice to recognise the contribution of M S Swaminathan within the discipline of agriculture by awarding him with the Bharat Ratna title, he stated.
“In the identical spirit, we’ll request the Central Authorities to calculate MSP based mostly on the components of value of cultivation plus 50 per cent revenue as advisable by the Swaminathan Committee.”
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