Farmers Loan

Karnataka Chief Minister Siddaramaiah met Union Finance Minister Nirmala Sitharaman on Thursday, urging her to intervene and increase the Short Term Agricultural Loans (SAO) limit for the fiscal 2024-25. In the meeting held at North block, the chief minister highlighted a sharp decline in the proposed loan allocation by NABARD, which has sanctioned only Rs 2,340 crore against the state's applied limit of Rs 9,162 crore, a 58 per cent reduction compared to the previous year's Rs 5,600 crore. Presenting a detailed representation, Siddaramaiah emphasised that Karnataka aims to disburse short-term agricultural loans worth Rs 25,000 crore to 35 lakh farmers in 2024-25. In 2023-24, the state has already disbursed Rs 22,902 crore through the cooperative credit structure. The state government said that the drastic reduction in the SAO loan limit could significantly impede agricultural cooperation and potentially disrupt food grain production. NABARD attributed the reduced allocation to a ..

Congress leader Rahul Gandhi on Saturday said loans of farmers will be waived if his party comes to power at the Centre. Addressing a rally in Sakoli in Maharashtra's Bhandara district, he said the main issues plaguing the people of the country were unemployment and inflation, though these were ignored by the media. "Loans of farmers will be waived if the Congress comes to power. People are distressed due to unemployment and inflation. The situation is such that people earning just thousands and those making crores are paying the same GST," he said while attacking the NDA government at the Centre. Gandhi said his party would conduct a caste census after attaining power since it is important for the future of the country. Slamming the Centre's Agnipath programme, in which soldiers called 'Agniveers' are recruited for four years, Gandhi said it would be scrapped since "the Army was not in its favour". Attacking Modi, he said the prime minister, who calls himself an OBC, must tell ..

Congress leader Rahul Gandhi on Thursday said the opposition INDIA alliance, if voted to power, will be the "voice of farmers" and frame policies to protect them. He was addressing a farmers' rally at Chandwad in Maharashtra's Nashik district along with NCP (SP) head Sharad Pawar and Shiv Sena (UBT) MP Sanjay Raut, as part of the Congress' ongoing 'Bharat Jodo Nyay Yatra'. "The INDIA alliance government will be the voice of farmers and work to protect their interests," Gandhi said. He promised loan waiver for farmers, restructuring of crop insurance scheme to benefit cultivators, to protect crop prices in formulation of export import policies and to make efforts to exclude agriculture from GST and work on only one tax. The Lok Sabha member from Wayanad also reiterated the Congress' promise of a legal guarantee to minimum support price (MSP) as per the Swaminathan committee report. The former Congress president claimed 20 to 25 people in the country have wealth equivalent to 70 cro

MoU aimed at promoting awareness and extending loans against e-NWRs with no collateral

Himanta Biswa Sarma claims that under Chief Minister Ashok Gehlot Rajasthan is competing for first position in crimes against women during BJP's Parivartan Yatra

In Chhattisgarh, traditionally lac is cultivated with nearly 50,000 farmers rearing it on kusum and plum trees and rangini lac on palash and plum trees

SBI agriculture cold loan portfolio increased to Rs 73,601 crore in FY22 from Rs 66,878 crore in FY2021 and personal segment, the gold loans book expanded by 9.89 per cent YoY to Rs 23,063 crore

Key decisions announced in the Cabinet briefing today

Mr Javadekar said MSMEs are the backbone of India's economy and therefore the Cabinet has made a road map for implementation of decisions for the MSME sector

In addition, West Bengal will also request the Reserve Bank of India (RBI) to increase the additional credit limit to MSMEs, to 30 per cent from the existing 10 per cent.

Opposition MPs said the farmers were hit by unseasonal rains, floods and demanded that the Centre should give immediate monetary relief

Thanks to the use of technology, channel partners and financing, dealers are able to cater for wider geography and wider product range

'We've had a spate of announcements recently about agricultural loans being waived of'

State FM says aim is to encourage farmers to avail loans against backdrop of low rural credit flow