Financial Daily from THE HINDU group of publications
Monday, Jun 12, 2006

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Agri-Biz & Commodities - Aquaculture
Government - Agricultural Policy
States - Karnataka


Karnataka Govt to extend loans to fishermen at 4% interest

Our Bureau


MR B.S. YEDIYURAPPA

Mangalore , June 11

The Karnataka Government has decided to extend loans to fishermen at four per cent interest rate.

The Karnataka Deputy Chief Minister, Mr B.S. Yediyurappa, told newspersons during his visit to nearby Ullal that these loans will be made available to fishermen through co-operative societies. They will be entitled for a maximum loan of Rs 3 lakh.

Mr Yediyurappa also said that Karnataka is the first State to give loans to farmers, fishermen, and weavers, at four per cent interest.

The State Government has also come out with a scheme called `Matsya Mahila Swavalambi Yojana', under which self-help groups of fisherwomen will be given loans up to Rs 10,000 at low interest rates.

Besides, the Government has decided to construct around 10,000 houses for fishermen in the coastal region.

While the quota of kerosene for country boats has been increased from 200 litres to 400 litres, the quota of subsidised diesel for mechanised boats has been increased from 55,000 kilolitres to 70,000 kilolitres.

The Government is also contemplating making life jackets and wireless sets compulsory for those venturing into the sea.

ALAMATTI DAM

Mr Yediyurappa welcomed the interim order of the Krishna Water Disputes Tribunal. The tribunal had dismissed the demand of Andhra Pradesh and Maharashtra to direct Karnataka not to store water beyond 509 m at Alamatti Dam.

He said that the tribunal has allowed Karnataka to store water to the level of 519 m. The State will be satisfied if it is allowed to increase the height of the dam to 524 m. "We will work on that matter. I have the confidence that we will be successful in arguing this before the tribunal."

According to him, the excess land given to the Nandi Infrastructure Corridor Enterprises for Bangalore-Mysore Infrastructure Corridor would be taken back.

"We will discuss the matter after the arrival of the Chief Minister from Dubai."

Later, speaking to newspersons at Udupi, he said that the Government has earmarked Rs 20 crore for providing training to nearly one lakh unemployed youths in the State.

Under this, an unemployed youth will get a stipend of Rs 750 each from the Government and the industry where he is undergoing training.

More Stories on : Aquaculture | Agricultural Policy | Farm credit | Karnataka

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Pulses importers upset


Karnataka Govt to extend loans to fishermen at 4% interest
Farmers in trouble
Rising output
Mixed trend at Kochi tea auction
Bt cotton acreage up, but no major fall in pesticide consumption seen
`Affordable Bt cotton tech helped China top output'
Global vegetable oil prices likely to firm up
KS Oils board okays edible oil plant acquisition
Pepper may witness demand
Maize likely to move up
Coffee headed down as bears take firm grip
`Biodiesel success depends on supportive policy'
Farmers dig up expressway



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line