Shivamogga DCC Bank chairman appeals to farmers make use of interest-waiver scheme

January 25, 2024 08:28 pm | Updated 08:29 pm IST - Shivamogga

Shivamogga District Cooperative Central Bank president R.M. Manjunath Gowda has appealed to the farmers to make use of the State government’s scheme to waive interest on medium- and long-term agriculture loans if the principal amount was paid before February 29.

In a press conference in Shivamogga on Thursday, Mr. Manjunath Gowda said the government took the decision to waive the interest in view of drought situation in the state. Unable to pay the loans, the farmers had become defaulters. Those who had become defaulters as of December 31, 2023, could avail of the benefit by paying the principal amount within the stipulated time.

Answering a question, Mr. Gowda said the inquiry into the alleged irregularities in the recruitment of the bank’s staff had been completed. “The inquiry has been completed. Only the officers can share the findings of the inquiry. Being the chairman of the bank I cannot comment on inquiry,” he said.

Earlier, Congress leaders had urged the State government to hold an inquiry into alleged irregularities in the recruitment of the bank’s staff.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.