The former Chief Minister and president of Karnataka Janata Paksha B.S. Yeddyurappa on Friday urged farmers not to repay the crop loan they have borrowed from various banks.
Addressing an election meeting in Holalur village near here, Mr. Yeddyurappa said, “In the month of May, I will take initiatives to waive agricultural loans borrowed by farmers totalling up to Rs. 1 lakh.”
The former Chief Minister, however, did not hazard any guess on the political party that would come to power in the State.
Launching an attack on the Janata Dal (Secular) leaders, he said, “National president of the JD(S) H.D. Deve Gowda had opposed the decision I had taken as Finance Minister in the JD(S)-BJP coalition government to waive the interest on agriculture loan.”
Mr. Yeddyurappa claimed that owing to the pressure exerted by him, the BJP government announced to waiver of loan up to Rs 25,000 borrowed by the farmers in the drought-affected region from the co-operative banks.
He said that, if the KJP was voted to power, monthly pension scheme would be introduced for the elderly farmers. As the price of fertilizer was on the rise, a subsidy scheme will be introduced for the poor farmers to purchase it, he said.
KJP candidate from Shimoga Rural constituency G. Basavanyappa was present.
‘Don't repay debts, farm loans up to
Rs. 1 lakh will be written off’