Online edition of India's National Newspaper
Saturday, Apr 10, 2004

About Us
Contact Us
Karnataka
News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts:
Classifieds | Employment | Obituary |

Karnataka Printer Friendly Page   Send this Article to a Friend

JD(S) promises benefits for farmers

By Our Special Correspondent

BANGALORE, APRIL 9. The Janata Dal (Secular) has assured farmers that if voted to power it will introduce insurance-linked credit schemes and establish a national agricultural insurance corporation exclusively for them.

The national manifesto of the Janata Dal (S) was released here today by the former Prime Minister, H.D. Deve Gowda.

Mr. Deve Gowda told presspersons that the Janata Dal (S) was committed to fully implementing its present manifesto. He claimed that the party would form the Government in the State and would play an important role at the national level and every care would be taken to fulfil its assurances to the people.

"We may be a regional party at present, but in the post-election period the regional parties will play a crucial role in Government formation. The Janata Dal (S) is contesting 35 Lok Sabha seats and, with the support of the people, we will have a say."

He said the proposed agricultural insurance corporation would have a paid-up capital of Rs. 1,000 crore and would guarantee loans to farmers. The Government would provide budgetary support to the corporation to absorb any loss on account of genuine cases of default in repaying the loans. Farmers would be given loans at a low interest rate with the Government providing a five per cent subsidy on all farm loans. It was the party's stand that there should not be any compound interest levied on loans taken by farmers.

Mr. Deve Gowda said the Janata Dal (S) would appoint an inquiry commission to investigate the reasons for what he termed the failure of the Reserve Bank of India (RBI) to ensure adequate rural credit as envisaged under the RBI Act. It would also recommend the restructuring of the RBI in the context of the changing economic scenario in the country.

Another commission would look into the failure of nationalised banks to provide adequate credit to farmers and small-scale industries and recommend measures to ensure that the banks served the social purpose of providing credit to the Government-determined priority sectors.

Referring to corruption in the country, which he called "cancerous," the former Prime Minister said the Janata Dal (S) was committed to constituting a special task force to identify and confiscate benami property.

On the foreign policy of the Vajpayee Government, he said it was a mockery. "The NDA Government aligned with the U.S. by discarding the time-tested non-alignment policy in the belief that the U.S. would pressure Pakistan to agree to a solution on the Kashmir issue. But the U.S. has its own agenda and has declared that Pakistan is going to be a `major non-NATO ally.' The Janata Dal (S) will pursue an independent foreign policy consistent with national interests and continuing the traditional ties with friendly countries."

Printer friendly page  
Send this article to Friends by E-Mail

Karnataka

News: Front Page | National | Tamil Nadu | Andhra Pradesh | Karnataka | Kerala | New Delhi | Other States | International | Opinion | Business | Sport | Miscellaneous |
Advts:
Classifieds | Employment | Obituary | Updates: Breaking News |


News Update


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright 2004, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu