Karnataka CM Urges Prime Minister to Waive Farmers Loan

Bengaluru: Karnataka Chief Minister Siddramaiah in an attempt to support distressed farmers in Karnataka, urged Prime Minister Narendra Modi to waive farmers loans obtained from nationalized banks in the state.

In a letter to Prime Minister, Siddaramaiah said, the state government has already waived farmers loan taken from co-operatives and other financial institutions in Karnataka and the centre should take steps to waive farmers loan. Last month Karnataka chief minister announced a farm loan waiver of Rs 8165 crore and the announcement is reportedly benefit 2,227,506 farmers in the state.