Bangalore, Mar 11 (UNI) The Karnataka government had cleared all the dues to be paid to various cooperative institutions in the state after the previous JD(S)-BJP coalition government had written off farm loans upto Rs 25,000, Finance Secretary Sreenivasa Murthy said today.
Speaking to UNI he said the total burden on the government was to the tune of about Rs 1850 crore. While it had released Rs 500 crore towards loan waiver in July, the rest would be released to the cooperative institutions by the end of this month, he said.
Reiterating that the financial position of Karnataka was very good, he said that despite previous government's ban the sale of Arrack and on-line lottery the revenue collection was not affected.
UNI MV RS HVB1342