Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Hindu
The Hindu
National
The Hindu Bureau

SLBC instructs banks to restructure loans of farmers hit by drought

A special State-Level Bankers’ Committee (SLBC) on Tuesday has decided to instruct all bank branches to restructure loans of all eligible farmers in the wake of the drought in Karnataka.

The State has already declared 195 taluks as drought-hit and an official team of the Central government visited the taluks to assess the damage to crops. Many of the farmers have been demanding waiver of their crop loans following drought in the State.

The State government sought compensation of ₹4860.13 crore as per the NDRF norms from the Centre for providing compensation to farmers who had lost crops.

The SLBC meeting was held under the chairmanship of Shalini Rajneesh, Additional Chief Secretary and Development Commissioner, on October 7. The State faced a severe shortage in rainfall during the south-west monsoon.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.