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Tue, Jul 23, 2019 | Last Updated 8:48 pm IST

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Will HD Kumaraswamy fulfill Rs.46000 Crore Farmers Loan Waiver in Second Budget?

Will HD Kumaraswamy fulfill Rs.46000 Crore Farmers Loan Waiver in Second Budget?
Will HD Kumaraswamy fulfill Rs.46000 Crore Farmers Loan Waiver in Second Budget?

As per report an explosive presser by Karnataka Chief Minister HD Kumaraswamy preceded the state budget session. Kumaraswamy accused BJP Karnataka Chief Yeddurappa of offering bribe to a JD(S) MLA’s son in order to break the Congress JD(S) coalition in power in the state, and released the tape in an attempt to implicate him. Yeddyurappa called the audio fake, and denied all allegations and the happenings pushed the budget session to the afternoon.

Reportedly as in the previous budget, Kumaraswamy has once again promised to fulfill the Rs 46,000 crore farm loan waiver in this budget, too. Presently the current budget is expected to dole out sops to the farmers, just like the interim Budget presented by the Union government. Accordingly farmers have demanded that the coalition government drop the numerous conditions for the loan waiver scheme and has sought higher compensation for crop damage due to floods and drought.

Will HD Kumaraswamy fulfill Rs.46000 Crore Farmers Loan Waiver in Second Budget?

Kumaraswamy had told the media "Without violating Fiscal Responsibility Act, I am clearing it completely with allocation for it. In the next financial year, the money that will be released will clear the Rs 46,000 crore loan waiver commitment made". Moreover the farm loan waiver scheme is expected to be implemented in one stroke with adequate budgetary allocation, instead of completing the process in four stages as was planned earlier.

Will HD Kumaraswamy fulfill Rs.46000 Crore Farmers Loan Waiver in Second Budget?
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