Govt to amend rules on confiscation of ryots' assets by banks: CM

Bengaluru: Karnataka Chief Minister Basavaraj Bommai on Saturday said the State government would bring a suitable amendment to the existing rules to end the practice of the confiscation of properties of farmers by banks through issuing notices while the ryots are in distress.

He was speaking at the 30th remembrance day of Jagadguru Sri Shivakumara Shivacharya Swamiji of Sri Taralabalu at a function organised by Sirigere Sri Taralabaalu Jagadguru Bruhanmutt here.

“Banks used to serve notices on farmers for non-clearance of loans and attach properties of farmers. By bringing an amendment to the present rules, the government will end the practice of confiscation of farmers’ properties by banks and also allow peasants to clear loans at ease,” Bommai said.

He said he has formulated the Vidyanidhi scheme for the children of 14 lakh farmers and it has now been extended to the children of agricultural labourers, weavers, fishermen, autorickshaw and taxi drivers.

“This scheme is aimed at providing employment to them through education. The government does not want the children to stop studies due to lack of funds and it wants to ensure a bright future for them,” Bommai said.

Bommai said the declaration of Upper Bhadra scheme as a national project is in its final stages. Once it gets the nod from the Union Cabinet, Rs 14,000 crore grant would come to Karnataka and it is enough to complete the project soon.