Karnataka CM BS Yediyurappa to pump Rs 39,300 cr to boost agri sector

BS Yediyurappa

To give a strong fillip to agricultural and rural economy, Karnataka Chief Minister B.S. Yediyurappa on Wednesday announced that the state government is planning to pump about Rs 39,300 crore in this fiscal year to propel the agriculture related activities.

Speaking after launching 'Financial Response' scheme in an event that was organised by the Karnataka Cooperative department here, Yediyurappa said that the proposed grant of Rs 39,300 crore would be disbursed through cooperative institutions, and this will be done with the help of the Central government as well.

Reiterating that Karnataka was one of the foremost state in tackling Covid-19, the Chief Minister asserted his government was the first to announce the Covid relief package ahead of all other states in the country.

"The state government was the first to announce a relief package to tune of Rs 2,272 crore," he pointed out.

He further claimed that over 11.88 lakh farmers were provided over Rs 7,741 crore crop loan interest waiver for the year 2020-21 in the state by the Central government.

He added that the state government has already released about Rs 496 crore towards farm loan interest subsidy scheme, which shows that the ruling BJP cares for the farmers and poor in the state.

---IANS

nbh/pgh


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel