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The CM made the remarks on the valedictory of the All-India Conference on Cooperation at Vijayapura, attended by his Cupboard colleagues.
Cooperative banks, the CM added, must be secure. Solely then may they lend to farmers. “If farmers get well timed loans, it would result in higher farm productiveness.” Cooperative banks turned stronger after his authorities waived farm loans of as much as Rs 50,000 throughout his earlier stint as CM, and reimbursed them for that.
Throughout his earlier stint, the federal government gave loans of as much as Rs 3 lakh at a sponsored 3% fee of curiosity, however his authorities was now giving curiosity free loans of as much as Rs 5 lakh., Siddaramaiah mentioned. The federal government ought to have the ability to give loans of as much as Rs 15 lakh at 3% fee of curiosity, the CM mentioned, whereas including that he would write to Prime Minister Narendra Modi and NABARD to implement this.
Commenting on the drought in Karnataka, Siddaramaiah mentioned 223 taluks out of 236 taluks have been reeling beneath drought and urged the MPs to get the Centre to launch funds.
Siddaramaiah instructed bankers and banking employees that the banks would see income solely with selfless service to clients. The sector will even assist the banking employees emerge good leaders.
