Participating in a function held on the occasion of Karnataka State Cooperative Apex Bank centenary celebration in Bengaluru recently, the chief minister also said his government was providing short -term agricultural loans up to Rs 3 lakh at zero percent interest and medium-term and long-term agricultural loans up to Rs 10 lakh at 3% interest via cooperative institutions.
A special grant of Rs 1 crore would be provided to rejuvenate and strengthen the country’s first Agricultural Co-operative Society at Kanaginahal village in Gadag district, he announced.
Karnataka State Cooperative Apex Bank Chairman K.N. Rajanna, NAFSCOB Chairman Dileepbhia Sanghani, NAFED former chairman Bijendra Singh, Rural Development and Panchayat Raj Minister H. K. Patil, MLC Speaker D.H. Shankara Murthy, Assembly Speaker K.B. Koliwada, Karnataka Minister Mahdev Prasad, Bank officials and others were present on this occasion.
Speaking on the occasion, Siddaramaiah said government will deposit grants meant for its various schemes in Karnataka State Cooperative Apex Bank (KSCAB) and its units.
Karnataka State Cooperative Apex Bank Chairman K N Rajanna requested to bear pressure on the central government on the issue of rebate on income tax.
On the occasion, Karnataka Cooperative Minister H.S. Mahadev Prasad informed the state government will give loan to 25 lakh farmers through cooperative banks in next two years.