No move to waive farmer loans from nationalised banks: DV Sadananda Gowda

Mysuru: Union Minister for planning and programme implementation D.V. Sadananda Gowda said that there was no proposal before the Union government to waive farm loans taken from nationalised banks by farmers in Karnataka.

Mr Sadananda Gowda who participated in the mass yoga session held in Mysuru on Wednesday, was speaking to reporters.

Farm loans taken from co-operative societies in Karnataka amount to only 20 per cent of the total loans and the rest of the farm loans are from nationalised banks. The state government has been demanding that the Centre waive loans taken from nationalsied banks.

When asked if he would press the Centre to waive farm loans obtained from nationalised banks, the Union minister replied, "I will certainly exert pressure. Certain concessions have already been given to farmers."