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Karnataka draws blueprint for farm loan waiver

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Bengaluru, July 25 (IANS) The Karnataka government has drawn a blueprint to waive crop loans of farmers from state-run and co-operative banks in the southern state, an official statement said.

“The government has prepared a blueprint to waive off loans upto Rs 48,000 crore that includes loans from co-operative banks, subsidy and crop loans granted by the state-run banks,” said a statement from the Chief Minister’s Office.

The blueprint includes the Rs 34,000 crore loans to be waived as announced by Chief Minister H.D. Kumaraswamy while presenting the state Budget on July 5.

Total loans amounting upto Rs 48,000 crore to be waived include Rs 37,159 crore crop loans granted to the farmers by state-owned banks and about Rs 9,500 crore of current loans, the statement added.

The banks are to ready the details of farm loans from across the state that are eligible to waived, and the process of waiver will commence after the state’s review.

As per the election manifesto promises of the Janata Dal-Secular (JD-S) to waive farm loans if voted to power, Kumaraswamy, who is also the state party chief, had announced in his budget speech to waive upto Rs 2 lakh crop loans per farmer family.

“All crop loans defaulted by farmers upto December 31, 2017 are waived in the first stage. Only loans borrowed from district co-operative banks and state co-operatives are waived in the first stage,” he had said.

The budget had also proposed to allot Rs 6,500 crore to enable farmers avail fresh loans after they submit a clearance certificate from the department concerned that their loan arrears have been waived.

The previous waiver by former Chief Minister Siddaramaiah had cost the state exchequer Rs 8,165-crore.

–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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