Karnataka   

3 p.c. interest farm loans to be announced in budget

Bangalore: Cooperative loans to farmers in Karnataka at 3 per cent interest will be announced in the budget to be presented by Chief Minister B.S. Yeddyurappa, who also holds the Finance portfolio, and with it the demand for loans would be increased by Rs. 1,000 crore for the year 2008-09. The Bharatiya Janata Party had made this promise in its manifesto during the Assembly elections.

Disclosing this to presspersons, Cooperation Minister Lakshman Savadi said the exact date from which the farmers would get the benefit of availing themselves of the loan would be decided shortly.

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