Borrowers owe Rs. 131 crore to the commission from 1979 to 2008, says Gasti

Ashok Gasti, president of Devaraj Urs Backward Classes Commission, said the government was thinking of waiving interest on loans borrowed by beneficiaries from the commission for various purposes, and seeking a one-time settlement of the principal amount.

He told presspersons here on Thursday that the government would soon take a final call on the decision, and added that the discussion had been held with Chief Minister Jagadish Shettar.

He said that from 1979 to 2008, some 2,67,427 beneficiaries had obtained loans from the commission, and 94,106 people have repaid.

The remaining people owed around Rs. 131 crore to the commission. Of the sum, Rs. 84 crore was interest. If interest was waived, then Rs. 64 crore would be paid towards one-time settlement.

Budgetary allocation

Mr. Gasti said the government had earmarked Rs. 195 crore to the commission in the last year’s budget, which had been augmented to Rs. 400 crore in the recently announced budget.


Giving a break-up of the allocation, he said that of the Rs. 400 crore, Rs. 200 crore was for the implementation of the commission’s projects, Rs. 30 crore for investments, Rs. 17 crore for financial aid, Rs. 95 crore for Ganga Kalyan scheme, and Rs. 58 crore was for providing help to set up cottage industry and self-employment.

He said the government would provide power supply to 15,000 borewells drilled under Ganga Kalyan scheme for which Rs. 65 crore would be granted. Mr. Gasti said the commission had funded drilling of 21,858 borewells in 2011-12; of them the electricity connection had been provided to 14,225 borewells.


He said that the Devaraj Urs Backward Classes Commission had obtained approval of the Finance Department for filling 67 vacant posts.

  • Government has earmarked Rs. 400 crore for the commission in this budget

  • 15,000 borewells drilled under Ganga Kalyan scheme will get power supply, says Gasti