‘Badavara Bandhu’ to make Karnataka free from ‘Meter Baddi’: Minister Bandeppa Kashempur
‘3000 beneficiaries to get benefit in Mangaluru’
Mangaluru, October 10: Cooperative Minister Bandeppa Kashempur said that Chief Minister H.D. Kumaraswamy would launch ‘Badavara Bandhu’ scheme, aimed at giving micro-loan to roadside vendors to make Karnataka free from ‘meter baddi’ business, before Diwali festival.
Speaking to reporters after reviewing the progress at the Dakshina Kannada District Central Cooperative Bank here on Wednesday, the Minister said that under the scheme, the beneficiary could get interest-free micro-loan from Rs 2,000 to Rs 10,000 through mobile banking system. Total 53,000 beneficiaries including 5,000 from Bengaluru and 3,000 from Mangaluru would get this benefit, he said.
‘Kayaka’ scheme to be launched soon
The Cooperative Department would provide Rs 10 lakh loan to self help groups to start business or industry under ‘Kayaka Yojane’. Under this scheme, Rs 5 lakh would be given at zero interest and remaining Rs 5 lakh would be given at 4 per cent interest. The scheme would be launched in all districts shortly, the Minister said.
Under the farm loan waiver scheme, total Rs 713 crore loan of the farmers from the district would be waived off. In the previous government, Rs 380 crore loan from the district was waived off. Now, the state government was getting the details from the nationalized banks on loans disbursed to the farmers, he said.
Common software in PACS
A common software was adopted in all Primary Agricultural Credit Societies (PACS) in the district and it was planning to extend it to the entire state. Within next 15 days, the department would give a report on its pros and cons and later, the government would take a decision, he said.
Under the Cooperative Sector, banking sector and KMF have been working efficiently. In future, the cooperative sector should be extended to other sectors too, he opined.
Out of Rs 380 crore loan waived off in the district last year, only Rs 2 crore had to be paid to the PACS. All farmers were asked to submit their details on loan waiver scheme and only Aadhar and Ration cards were being asked as documents, he clarified.
The DCC Bank including the Agriculture Credit Cooperative Societies had contributed Rs 1 crore for the Chief Minister’s Relief Fund and he would thank the banks and their employees, he added.
DCC Bank President Dr. M.N. Rajendra Kumar, State Cooperative Societies Registrar M.A. Ayyappa, District Cooperative Societies Deputy Registrar B.K. Saleem, SCDCC Bank office-bearers and directors were present at the press conference.
Let the Truth be known. If you read VB and like VB, please be a VB Supporter and Help us deliver the Truth to one and all.
Lebanon appoints new representative for talks with Israel, rejects linkage to Iran
Beirut: Lebanon’s has moved to underline its independent position in ongoing regional developments, amid attempts to link the country to the broader conflict involving Iran, the United States and Israel.
President Joseph Aoun, while announcing the appointment of former US ambassador Simon Karam as Lebanon’s representative in talks with Israel, made it clear that Karam would be the sole representative for Lebanon and that there would be no substitute.
The move comes in response to what the Lebanese officials see as efforts by Iran to tie Lebanon’s situation to the wider regional conflict. Iran had indicated that there would be no ceasefire involving the US, Israel and Iran unless it also included a ceasefire in Lebanon.
Some groups, including Hezbollah and its supporters, had expressed support for linking the situations, citing concerns that the Lebanese government has limited leverage in negotiations with Israel. Lebanon is not formally a party to the conflict, and its army is considered weak.
However, others, including Prime Minister Nawaf Salam, have opposed this approach. They view Iran’s stance as an attempt to influence Lebanon’s internal affairs and see it as undermining the country’s sovereignty.
Officials backing the government’s position say the move is aimed at reaffirming Lebanon’s sovereignty and ensuring that decisions about peace and ceasefire within the country are not dictated externally.
They also see it as a safeguard, so that any breakdown in talks between the US, Israel and Iran does not automatically lead to renewed conflict in Lebanon.
