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JD(U) promises waiver of interest

JD(U)'s Karnataka unit promised waiver of interest on all crop loans and loans at 4% for small farmers and at six per cent for others.
PTI | By Press Trust of India, Bangalore
UPDATED ON APR 16, 2004 07:10 PM IST

JD(U)'s Karnataka unit today promised waiver of interest on all crop loans and loans at four per cent for small farmers and at six per cent for others, if voted to power in the state assembly elections.

In its manifesto unveiled here, it said it would also create a Rs 1,000 crore fund for crop insurance and give three years time for repayment of all crop loans.

Accusing the Congress government of maladministration and showing negligence towards farmers, it charged that corruption had crossed all limits, making the common man the "sacrificial scapegoats".

The manifesto, released by JD(U) Karnataka unit president B Somashekhar, also said the party was committed to providing a transparent and pro-people administration.

Completion of all pending irrigation projects and utilising the state's rightful share of Krishna and Cauvery waters are also promised by the party which said it would also give emphasis to small and minor irrigation schemes.

Eradication of illiteracy in five years, free textbook and uniform to rural children till standard 10, measures to check population and steps to improve the conditions of minorities were among other assurances given in the manifesto.

BJP and JD(U) have reached a poll pact in Karnataka, under which the latter had been allotted 27 assembly and two Lok Sabha seats.

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