Karnataka offers to share cost of farm loan waiver with Centre
Karnataka Chief Minister D.K. Shivakumar has said the State is willing to share the financial burden of a farm loan waiver if India’s Union government announces one. His comments came amid demands from the BJP and JD(S) for the Karnataka government to announce a waiver.
Karnataka Chief Minister D.K. Shivakumar has said the State would be willing to share the cost of a farm loan waiver if the Union government announces such a measure, The Hindu reports. His comments came amid demands from the Opposition Bharatiya Janata Party and Janata Dal (Secular) for the Karnataka government to announce a waiver for farmers’ loans.
Shivakumar did not, in the supplied material, announce a waiver by the Karnataka government. Instead, he linked the State’s willingness to contribute financially to a decision by the Union government. The available information does not state the size of the loans under discussion, the number of farmers who might benefit or the proportion of costs that Karnataka would accept.
It also does not include a response from the BJP, JD(S) or the Union government.
This independently written report is based on information supplied by the named publisher. Vertrix News has not independently verified the source report.