Govt waives Rs 660.50 cr interest on crop loans for Nov-Dec

January 24, 2017

New Delhi, Jan 24: In relief to farmers who reeled under cash crunch on account of demonetisation, the government today decided to waive Rs 660.50 crore interest on short-term crop loan for November-December 2016 and grant Rs 400 crore to Nabard to bear refinancing cost of co-operative banks.

Govt
A decision in this regard was taken at the Cabinet meeting, chaired by Prime Minister Narendra Modi, to help farmers who faced hardships because of scrapping of Rs 500 and Rs 1,000 notes from November 8 mid-night.

"The Cabinet today approved interest waiver of Rs 660.50 crore for two months (November-December 2016) for farmers who have taken short-term loans from co-operative banks," Agriculture Minister Radha Mohan Singh told PTI after the meeting.

According to a government release, the Cabinet has approved Rs 1,060.50 crore towards "the cost of interest waiver for two months (November-December, 2016) for crop loan disbursed by co-operative banks between April 1 2016 and September 30 to farmers and providing interest subvention and administrative cost to Nabard on short-term borrowing of about Rs 20,000 crore for on-lending to cooperatives banks in the current financial year".

According to the proposal, farmers who have paid interest on short-term loans during the demonetisation period of November and December will get the refund in their bank accounts through direct benefit transfer (DBT).

He said further a sum of Rs 15,000 crore allocated during 2016-17 to implement the Interest Subvention Scheme (ISS) has already been utilised.

The government, the release said, waived the interest on short-term crop loans as farmers faced difficulty following cancellation of legal tender character of old Rs 500 and Rs 1,000 notes.

They faced problems in encashing the cheques received against sale proceeds of their kharif (summer) produce in mandis. Inadequacy of cash constrained the farmers in carrying out rabi (winter) sowing operations and servicing the interest of the short-term crop loans, especially in view of the restrictions imposed on co-operative banks, it said.

The government provides short-term crop loans up to Rs 3 lakh at subvented interest rate of 7 per cent per annum. An additional incentive of 3 per cent is provided to farmers for prompt repayment of loans within due date.

For 2016-17, the government has set a target to disburse agri credit of Rs 9 lakh crore, of which Rs 7.56 lakh crore has been disbursed to farmers till September of this year, as per the official data.

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News Network
December 19,2025

Mangaluru: In a decisive move to tackle the city’s deteriorating sanitation infrastructure, the Mangaluru City Corporation (MCC) has announced a massive ₹1,200 crore action plan to overhaul its underground drainage (UGD) network.

The initiative, spearheaded by Deputy Commissioner and MCC Administrator Darshan HV, aims to bridge "missing links" in the current system that have left residents grappling with overflowing sewage and environmental hazards.

The Breaking Point

The announcement follows a high-intensity phone-in session on Thursday, where the DC was flooded with grievances from frustrated citizens. Residents, including Savithri from Yekkur, described a harrowing reality: raw sewage from apartments leaking into stormwater drains, creating a "permanent stink" and turning residential zones into mosquito breeding grounds.

"We are facing immense difficulties due to the stench and the health risks. Local officials have remained silent until now," one resident reported during the session.

The Strategy: A Six-Year Vision

DC Darshan HV confirmed that the proposed plan is not a temporary patch but a comprehensive six-year roadmap designed to accommodate Mangaluru’s projected population growth. Key highlights of the plan include:

•    Infrastructure Expansion: Laying additional pipelines to connect older neighborhoods to the main grid.

•    STP Crackdown: Stricter enforcement of Sewage Treatment Plant (STP) regulations. While new apartments are required to have functional STPs, many older buildings lack them entirely, and several newer units are reportedly non-functional.

•    Budgetary Push: The plan has already been discussed with the district in-charge minister and the Secretary of the Urban Development Department. It is slated for formal presentation in the upcoming state budget.

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News Network
December 15,2025

Mangaluru, Dec 15: Air India Express has announced that it will resume direct flight services between Mangaluru and Muscat from March 2026, restoring an important international air link for passengers from the coastal region.

Airport authorities said the service will operate twice a week—on Sundays and Tuesdays—from March 1. The initial flights are scheduled on March 3, 8 and 10, followed by March 15 and 17, with the same operating pattern to continue thereafter. The flight duration is approximately three hours and 25 minutes.

The Mangaluru–Muscat route was earlier operated under the 2025 summer schedule, with services beginning on July 14. At that time, Air India Express had operated four flights a week before suspending the service.

Officials said the summer schedule will come into effect from March 29, after which changes in flight timings and departure schedules from Mangaluru are expected. Passengers have been advised to check the latest schedules while planning their travel.

The resumption of direct flights to Muscat is expected to significantly benefit expatriates, business travellers and others, further strengthening Mangaluru’s air connectivity with the Gulf region.

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News Network
December 17,2025

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Melkar, Dec 17: The 17th Annual Day and Graduation Ceremony of Melkar Women’s PU and Degree College, themed “Fusion-2K25,” was celebrated with dignity and enthusiasm, marking a significant milestone in the institution’s academic journey. The programme reflected the college’s steadfast commitment to academic excellence, character building, and the holistic development of students.

The event was inaugurated by Mr. Asif Mohammed, whose presence greatly enriched the occasion. The celebration was further graced by the chief guests Mr. P. B. Ahmed Mudassir and Mr. Nissar Fakeer Mohammed, along with the distinguished guests of honour Mr. B. A. Nazeer and Mr. Ibrahim Gadiyar. In their inspiring addresses, the guests encouraged the graduating students and appreciated the dedicated efforts of the management, faculty, and students.

The annual report was presented by the Principal, Mr. Abdul Majeed S, highlighting the institution’s academic progress, notable achievements, and extracurricular accomplishments during the academic year.

The presidential address was delivered by the esteemed Chairman of Melkar Women’s PU and Degree College, Dr. Haji S. M. Rasheed, who emphasized the vital role of education in empowering women and shaping responsible citizens. He also stressed the importance of discipline, dedication, and perseverance in achieving success.

Cultural programmes and academic recognitions formed an integral part of the celebration, showcasing the talents and achievements of the students. The graduation ceremony was a proud moment for the outgoing students as they were formally conferred degrees and wished success in their future endeavours.

Ms. Mashmooma Fathima served as the Master of Ceremonies. The welcome address was delivered by Ms. Fathima Nida, and the programme concluded with a vote of thanks proposed by Ms. Ayisha Suhana.

The event successfully achieved its objectives and was highly appreciated by the guests and attendees.

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