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New Delhi (PTI): Karnataka Chief Minister Siddaramaiah met Union Finance Minister Nirmala Sitharaman on Thursday, urging her to intervene and increase the Short Term Agricultural Loans (SAO) limit for the fiscal 2024-25.

In the meeting held at North block, the chief minister highlighted a sharp decline in the proposed loan allocation by NABARD, which has sanctioned only Rs 2,340 crore against the state's applied limit of Rs 9,162 crore, a 58 per cent reduction compared to the previous year's Rs 5,600 crore.

Presenting a detailed representation, Siddaramaiah emphasised that Karnataka aims to disburse short-term agricultural loans worth Rs 25,000 crore to 35 lakh farmers in 2024-25. In 2023-24, the state has already disbursed Rs 22,902 crore through the cooperative credit structure.

The state government said that the drastic reduction in the SAO loan limit could significantly impede agricultural cooperation and potentially disrupt food grain production. NABARD attributed the reduced allocation to a lower General Line of Credit from the Reserve Bank of India (RBI).

With Karnataka experiencing favourable monsoon conditions, farmers are eagerly awaiting enhanced loan disbursement to support their agricultural activities.

Siddaramaiah has requested Sitharaman to direct NABARD and RBI to reconsider and expand the short-term agricultural loan limit.

Karnataka Urban Development Minister Byrathi Suresh and Agriculture Minister Cheluvarayaswamy accompanied the CM.

 

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Bengaluru, Dec 3: Karnataka Housing and Waqf Minister B Z Zameer Ahmed Khan on Tuesday appeared before the the Lokayukta police in connection with Disproportionate Assets case, sources in Lokayukta said.

 

According to sources, the Minister came to the Lokayukta office where he was questioned about the DA case. While probing the IMA Ponzi scheme, the Enforcement Directorate raided and questioned Khan and got some information about the DA case, the sources said.

“The ED in turn shared the information on DA case to us since the Lokayukta handles DA cases. So, in this connection Khan was summoned,” a source told PTI.

According to him, there was a stay on investigating the DA case against Khan. It was recently vacated, following which the investigation started.

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