Kerala budget writes off interest on small farm loans
Thiruvananthapuram: The Congress-led UDF government in Kerala on Friday announced that the interest on loans taken by small scale farmers would be entirely written off and a scheme would be introduced to provide interest-free loans to them through co-operative banks.
Presenting the budget for 2013-14 in the state assembly, Finance Minister KM Mani said Rs 50 crore had been set apart for the interest waiver scheme. A provision of Rs 30 crore would be made for the interest-free farm loans.
Mani, who belongs to the UDF`s third largest constituent Kerala Congress (M) which draws its support mainly from small and medium farmers in the Central Travancore region, also announced several other concessions for the agriculture sector.
They included exclusion of non-company holdings and estates from the purview of Agricultural Income Tax (AIT), which, he said had already done in states like Karnataka.
Considering the growing demand for pollution-free vegetables and fruits, organic farming would be promoted with state support.
For more news in Malayalam, click www.zeemalayalam.com
More from India
More from World
More from Sports
More from Entertaiment
- Is Akhilesh Yadav overlooking Muslims as Mulayam Singh alleged?
- DNA: Why did Navjot Singh Sidhu call BJP 'Kaikeyi’, Congress ‘Kaushalya’?
- 38-year-old arrested for ‘raping’ minors in Delhi; assaulted over 600 girls
- BJP announces 149 names in first list of candidates for UP elections
- My father wanted me to be a man of character: Navjot Singh Siddhu
- Geeta Phogat comes to rescue of Zaira Wasim; hits out at trolls, asks actress not to apologise
- ‘Dangal’ star Zaira Wasim says I am not a role model, not proud of what I am doing
- Assembly Elections: BJP releases list of 149 candidates for Uttar Pradesh, 64 for Uttarakhand
- Serial child rapist arrested in Delhi, says 'preyed on girls for sexual satisfaction, enjoyed it'
- China's NSG stand is neither fair nor transparent, says Defence Expert