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Karnataka to give interest-free loans to farmers
Wednesday March 21, 2012 10:25:50 PM,
IANS
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Bangalore: Farmers
across Karnataka will get interest-free small-term loans up to
Rs.100,000 from state cooperatives in the ensuing fiscal (2012-13)
besides free energy for their irrigation pump sets up to 10 horse
power.
Presenting the 'Agriculture Budget' for the next fiscal in the
state legislative assembly Wednesday, Chief Minister D.V.
Sadananda Gowda told lawmakers that the state government would
continue to facilitate farm credit above Rs.100,000 at four
percent interest rate per annum from cooperative societies.
"Buffer stock of fertilizers will be doubled to 800,000 metric
tonnes from 400,000 metric tonnes to ensure enough supplies to
farmers across the state," Gowda said in his maiden budget speech,
which lasted over two hours.
As part of various pro-farmer schemes, the farm budget envisages
expansion of sprinkler and drip irrigation and development of
water tanks for increasing foodgrain production with higher yields
per acre.
"Schemes under the third stage of the Upper Krishna Project will
be implemented at a cost of Rs.17,207 crore in the drought-prone
northern districts of the state for the benefit of farmers and
rural people," Gowda said.
With an overall outlay of Rs.19,660 crore for the agriculture and
allied sectors, the agri-budget proposes to implement
cluster-villages and area-based programmes to increase
productivity in dryland farming by using new technology and
mechanised implements and supplying nutrients in irrigated lands.
"Under the Rs.110-crore 'Bhuchethana' special scheme, 4.5 million
(45 lakh) farmers cultivating in five million hectares of area in
all the 30 districts across the state will be funded to increase
their crop yield in dryland by 20 percent and improve their living
standard and financial status," Gowda said.
The state agriculture department has set a target of 13.7 million
metric tonnes for foodgrains production and 1.5 million metric
tonnes for oilseeds in the new fiscal.
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