Staff Correspondent

Farmers, weavers, fishermen get loans at 3 p.c. interest

Kota (Udupi District): Cooperation Minister Lakshman S. Savadi said on Tuesday that he would urge the State Government to provide subsidised loans at 3 per cent interest to toddy tappers.

He was speaking at the inauguration of the office building of The Tappers Service Cooperative Society Ltd. here.

Mr. Savadi said that at present tappers were being provided subsidised loans at 6 per cent interest. After the Bharatiya Janata Party (BJP) came to power, it had reduced the interest rate for subsidised loans to farmers, weavers and fishermen to 3 per cent. This should be extended to the tappers as well.

Since coming to power in the State, the BJP had stopped political interference in the functioning of cooperative institutions. There was still scope for improvement in the cooperative sector. “We are committed to strengthening cooperative societies,” Mr. Savadi said.

Food and Civil Supplies Minister H. Halappa said that the cooperative sector in Udupi and Dakshina Kannada districts was known for being vibrant. Stating that tappers were a backward community, he said it was necessary to provide them with all facilities. When compared to the last few decades, the cooperative sector in the State had now become self-reliant. The BJP Government had done away with the audit fee for the tappers’ cooperatives, Mr. Halappa said.

Home Minister V.S. Acharya, MLC Kota Srinivas Poojary, president of South Canara District Cooperative Bank Ltd. M.N. Rajendra Kumar, president of Udupi District Cooperatives Union Kishan Hegde Kolkebail, ZP member Shankar Kundar, Udupi Taluk Panchayat member Prema Poojary, and Deputy Registrar of Cooperatives Jyotindra were present.