Banks not supporting Centre's loan schemes for entrepreneurs: DK Shivakumar
Bengaluru, Jun 28 (PTI): Karnataka Deputy Chief Minister D K Shivakumar on Saturday claimed that banks were not cooperating with the Central government’s schemes aimed at supporting entrepreneurs, particularly those offering loans without guarantees or collateral.
Speaking at the inauguration of the Karnataka Small Scale Industries Association’s (KASSIA) Centre of Excellence and Innovation in Bengaluru, Shivakumar underlined the importance of giving the younger generation opportunities to grow.
"KASSIA will succeed only if it exerts more pressure on the government than the large industries," he remarked.
He criticised the banks for failing to support the Centre’s annoucements. "The Central government makes grand announcements like providing loans without guarantees or collateral, but banks do not comply. They prefer lending to those with a proven track record and are hesitant to support emerging entrepreneurs," the Deputy CM said.
He urged KASSIA office-bearers to actively work towards empowering the next generation, stating that fostering competition would naturally lead to improved quality. "Where there is competition, there is quality," he added.
Addressing concerns related to labour, Shivakumar said that industry representatives had recently apprised him of their challenges. "I have informed the Labour Minister that we will not allow any company to relocate out of Karnataka," he said.
He suggested that a delegation of four to five key representatives from the industry should meet Union Cabinet Ministers to voice their concerns, especially in light of potential shifts to Andhra Pradesh and Tamil Nadu.
Shivakumar also expressed disappointment that some political leaders fail to grasp the risk of firms relocating due to their narrow focus on the Information Technology and Biotechnology sectors, often overlooking other industries.
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Rahul authenticates article on ex-army chief's 'memoir' on India-China conflict; LS impasse remains
New Delhi (PTI): Leader of the Opposition Rahul Gandhi on Tuesday authenticated a copy of an article in the Lok Sabha which cited former army chief M M Naravane's unpublished 'memoir' but it failed to end the impasse over the matter, leading to a brief adjournment.
With Gandhi insisting on raising the issue in the Lok Sabha, Chair Krishna Prasad Tenneti moved on to other Speakers and asked Harish Balayogi of the TDP, an NDA constituent, to speak on the President's address after three opposition MPs refused to speak, showing solidarity with Gandhi.
As Balayogi spoke, opposition MPs raised slogans and the ruckus continued in the House, prompting the chair to adjourn it till 3 PM.
Tenneti asked Congress MP KC Venugopal to address the chair properly and not make any casual references to the chair.
As soon as Gandhi was asked to speak on the Motion of Thanks to the President's address, he cited the Speaker's ruling of Monday and authenticated the copy of the article.
"I have authenticated it," he said.
To authenticate a document, a member has to submit a signed copy of it affirming that it is correct to the best of his knowledge.
Tenneti, who was chairing the House, asked him to table it and said "we will examine it and get back".
Parliamentary Affairs Minister Kiren Rijiju said the Speaker passed a ruling on the matter and after that Gandhi should not raise the issue repeatedly.
Gandhi insisted that he is the Leader of Opposition and takes objection to the term 'permission' when he has to speak.
As the impasse continued over Gandhi seeking to quote the article, Tenneti adjourned the proceedings till 3 pm.
A row had erupted in the Lok Sabha on Monday when Gandhi sought to quote from an unpublished 'memoir' of the former army chief on the 2020 India-China conflict, but faced strong opposition from Defence Minister Rajnath Singh and other BJP members who accused the Congress leader of misleading the House.
Lok Sabha Speaker Om Birla disallowed Gandhi from raising the issue, but he did not relent and several opposition leaders also rallied behind him. The House was adjourned twice and later for the day amid uproar as heated exchanges took place between the treasury and opposition benches.
Our President’s Address was about the path that India has to chart and the direction in which India has to move.
— Congress (@INCIndia) February 3, 2026
Today, on the world stage, the main issue in international affairs is the conflict between China and the United States.
This is central to our President’s Address.… pic.twitter.com/JJbMDF9ZsS
