News Karnataka
Monday, December 05 2022
Bengaluru

Bengaluru: ‘Bank’s practice of confiscating farmer property to end’

CM Bommai
Photo Credit : Facebook

Bengaluru: To put an end to the practise of farmers’ properties being seized by banks through the issuing of notices, even when the latter are experiencing a number of difficulties, Chief Minister Basavaraj Bommai has said that the State Government will introduce a suitable amendment to the existing rules.

Addressing a gathering on Saturday September 24 during an event commemorating Jagadguru Sri Shivakumara Shivacharya Swami of Sri Taralabalu on the occasion of his 30th Memorial Day at a gathering held here by Sirigere Sri Taralabaalu Jagadguru Bruhanmutt, the CM said that up until recently, banks used to issue notices to farmers for failing to repay loans and attach their properties. The government would put an end to the practise of banks seizing farmers’ property by introducing an amendment to the existing rules, allowing them to clear their debts.

He said that the Vidyanidhi scheme, which he launched for the children of 14 lakh farmers, has now been expanded to include the children of agricultural labourers, weavers, fishermen, auto-rickshaw and taxi drivers. Through education, this scheme tries to give children an employment. T o safeguard the children’s bright futures, the government does not want them to drop out of school due to lack of funds.

The declaration of the Upper Bhadra scheme as a national project is in final stages, said Bommai. Karnataka will receive a grant of Rs. 14,000 Crore when the Union Cabinet approves it, which is enough to finish the project on schedule.

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