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Karnataka to waive farm loans worth Rs 10,000 cr

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Bengaluru, June (25) Karnataka’s JD-S-Congress government would waive farm loans amounting to Rs 10,000 crore, including interest, taken by farmers across the state, said an official on Monday.

“The loans borrowed by the farmers from district cooperative banks and state cooperatives will be waived along with interest on them, costing the exchequer about Rs 10,000 crore,” a Chief Minister’s Office functionary told IANS here.

The decision on the loan waiver was taken at a meeting chaired by Chief Minister H.D. Kumaraswamy and attended by Co-operation Minister Bandeppa Khashempur, Agriculture Minister N.H. Shivashankara Reddy and officials of various departments.

“The Chief Minister (who holds the Finance Department) will announce the modalities of the waiver on July 5 when he presents the budget for 2018-19,” said the official.

The proposed write-off will be in addition to a similar waiver the previous Congress government declared on June 21, 2017 for over 22 lakh farmers who borrowed crop loans up to Rs 50,000 each from the cooperative banks.

The previous waiver had cost the state exchequer Rs 8,165 crore.

“The loan waiver is aimed at providing relief to lakhs of farmers and their families who have been reeling under debt and crop failure due to droughts across the state over the last couple of years,” said the official quoting Kumaraswamy’s remarks at the meeting in the state secretariat.

Allaying fears of officials and heads of the cooperative banks on the longevity of the coalition government, the Chief Minister said what the state would do for the people, especially farmers, was more important than how long it lasted.

“It is not how many days or months our government survives but what it does during its rule to the people, including farmers and the poor. All stakeholders, especially officials, leaders of the coalition partners, ministers and legislators should work for the state’s development than worry about the government’s fate,” said Kumaraswamy.

Defending his decision to present a full-fledged state budget than a supplementary one as suggested by former Chief Minister Siddaramaiah, the Chief Minister said as about 100 new legislators were elected in the May 12 Assembly poll, they could serve a privilege notice against him in the Assembly for implementing the budget of the previous Congress government, as the manifestos and promises made by both the coalition parties were different.

“I don’t want a privilege notice or motion against me from the new MLAs in all the parties, including the JD-S, Congress and BJP,” said Kumaraswamy.

–IANS
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Dr. Abhishek Verma Dedicates a Shelter in Memory of His Mother, Veena Verma, at KGMU; Inaugurated by Daughter Nicolle Verma

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World-renowned business tycoon Dr. Abhishek Verma has supported Foodman Vishal Singh’s Hunger-Free World mission. In memory of his mother, Late Veena Verma, who was a 3 term Rajya Sabha MP.

Dr. Verma dedicated a state-of-the-art free permanent shelter for the attendants of patients at KGMU Medical University, Lucknow, under the aegis of Vijay Shree Foundation. His daughter, Nicolle Verma, inaugurated the shelter.

During the event, Foodman Vishal Singh honored Nicolle Verma by presenting her with a memento. Mrs. Nidhi Sharma and Avantika Yadav, associated with the organization, welcomed her with garlands. Following this, Nicolle Verma distributed essential items to the attendants and also handed out fruits. She became emotional remembering her grandmother on her birth anniversary.

On this occasion, she also inaugurated the “Veena Verma Sevalaya” in memory of her grandmother, Veena Verma, to serve the attendants. She expressed, “I feel proud that my family is engaged in nation-building as well as social service. Today, in collaboration with Vijay Shree Foundation founder Foodman Vishal Singh Ji, I feel immensely proud to dedicate this shelter for the poor, helpless, and needy attendants of patients battling serious illnesses like cancer. I am honored to be associated with the Hunger-Free World Mission for humanity.”

Inspired by the continuous humanitarian service provided by Vijay Shree Foundation over the past 17 years, Nicolle Verma donated 10 lakh rupees to support the cause. The purpose of this donation is to ensure that services continue for the needy attendants of patients suffering from severe illnesses in hospitals, as facilitated by Foodman Vishal Singh.

It is noteworthy that Dr. Abhishek Verma’s family has a legacy of public and philanthropic service. They are helping millions to carry forward the values and service work of their parents. On the occasion of his mother’s birth anniversary, Dr. Abhishek Verma dedicated this state-of-the-art permanent shelter at Lucknow Medical College to serve the attendants of patients through the Vijay Shree Foundation.

Supporting Foodman Vishal Singh’s Hunger-Free World mission, Dr. Abhishek Verma assured that he would continually support keeping this flame of humanity alive. He also promised to assist in providing medicines to the helpless patients.

Continuing her grandmother’s legacy of service, Nicolle Verma personally served food to the needy patients and attendants. She said, “It is our good fortune to have received the joy of doing this noble work today through Foodman Vishal Singh. I have taken another step forward in carrying my family’s values and cooperation by joining hands with the Vijay Shree Foundation. My father taught me to serve and help the needy, and I feel happy when I bring a smile to someone’s face.”

On the birth anniversary of the late Veena Verma, the event organizer, Vijay Shree Foundation founder Foodman Vishal Singh, said, “We feel proud and happy that Dr. Abhishek Verma, a globally renowned business tycoon, has extended his support to uplift our country from the hunger index. Today, on his mother’s birth anniversary, he inaugurated a state-of-the-art permanent shelter at Lucknow Medical College, which will always be helpful for the needy attendants of patients. It is a pleasure for me and the organization to receive the affection of Mr. Verma.”

The event was attended by General Manager Verma Family Office Hemant Garg, Sonu Rajput, and the organization’s volunteers, including Sandeep Singh, Parmeshwar Ji, Prashant Rao Gautam, Balram Singh, Ramesh Chaudhary, Suman, Jeetu, Anil, Suraj, Vinay, Manish Bhadauria, Manas Mehrotra, Vivek, Apurv, Happy, and others.

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