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| Co-operative farm loans |
| Chief Minister H.D. Kumaraswamy getting ready to address the Janata Dal (Secular) National Executive meeting held at Palace Grounds in Bangalore
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| INDIA
, 30-January-2007
1:49:42 AM |
| Chief Minister H.D. Kumaraswamy on Monday said his Government was committed to its promise of waiving farm loans and said the total outstanding of farmers to the cooperative banks in the State, as on December 31 last, was Rs. 4,836.98 crore.
In his address at the national council meeting of the Janata Dal (Secular) here, Mr. Kumaraswamy said that of the outstanding from farmers, the principal amount was Rs. 4,198.45 crore and the interest component Rs. 638.53 crore.
On an average, the per capita debt of farmers vis-à-vis farm loan was Rs. 24,663. The number of cooperative loan accounts in the State was 17,78,753.
He lashed out at the critics of the farm loan waiver proposal and said it was one of the important steps in checking suicide by farmers.
"If a country that wants to become an economic powerhouse cannot end the misery and suicides of its farmers by allocating a few thousand crores of rupees while it gears up for a challenge to invest nearly Rs. 50 lakh crore in improving infrastructure, then something is fundamentally wrong."
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