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DCM Parameshwara Announces ₹2500 Drought Relief for Farmers!
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News18•24-09-2026, 19:46
DCM Parameshwara Announces ₹2500 Drought Relief for Farmers!
- •State government to provide ₹2500 assistance to farmers in drought-affected taluks.
- •DCM Dr. G. Parameshwara made the important announcement in Vidhana Soudha.
- •₹1250 crores to be released in the first phase, anticipating NDRF grants.
- •Assistance to be implemented immediately for 40 to 50 lakh farmers.
- •DCM warns microfinance companies against harassing farmers, threatening legal action.
Key Questions Answered
The Karnataka state government has decided to provide ₹2,500 as an input subsidy to each farmer in drought-affected taluks. This immediate relief totals ₹1,250 crores in the first phase and is set to benefit 40 to 50 lakh farmers.
The state government is extending the loan repayment period for farmers from 36 months to 60 months. Additionally, Deputy Chief Minister Dr. G. Parameshwara warned that strict legal action will be taken against microfinance companies if they harass farmers for repayments.
A record 49 lakh farmers have registered for crop insurance in Karnataka hoping for relief. The state government expects to pay ₹1,200 crores toward this crop insurance and is confident that all registered farmers will receive their coverage.
