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.


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Ratlam (MP) (PTI): Ammonia gas leak at a factory in Madhya Pradesh's Ratlam district affected some people and triggered a panic, prompting authorities to shift workers from the unit, officials said on Wednesday.
The incident took place in Jaora town of the district at around 10.30 pm on Tuesday, following which police, fire brigade and administration authorities rushed to the site and stopped the leakage, they said.
Sub Divisional Magistrate (SDM) Trilochan Gaud said the ammonia gas leak occurred at Porwal Ice Factory in Jaora town.
"Prima facie, it was ammonia leak. The police and the administration immediately sprinkled water, stopped the gas leak and brought the situation under control," Superintendent of Police Amit Kumar said.
Some affected people were provided medical treatment, he said without elaborating.
There is a police line adjacent the factory. Some police personnel on night stroll first felt the gas leakage and acted as the first responder, the official said.
The gas leak was promptly detected and it was not a big incident, Gaud said.
Labourers from the factory were shifted immediately, he said.
Fire brigade immediately controlled the gas leak by spraying water, the SDM said, adding the situation is currently under control.