Fisherwomen get subsidised loans through JLGs

March 29, 2012

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Mangalore, March 29: Corporation Bank, in association with Dakshina Kannada and Udupi Co-operative Fish Marketing Federation Ltd., launched a subsidised loan scheme for fisherwomen through joint liability groups (JLGs) in the city on Wednesday.

The bank has identified 72 groups consisting of 700 fisherwomen in Mangalore through the federation and about Rs. 3.50 crore credit will be extended to them through 11 branches of the bank in Mangalore.

Each Joint Liability Group would have a minimum of four and a maximum of 10 members and each member would be eligible for a maximum loan of Rs. 50,000 repayable in 35 months.

Ajai Kumar, Chairman and Managing Director, Corporation Bank, presided over the function. He said the fisherwomen would pay an interest rate of 3 per cent. The balance of the 12.65 per cent rate of interest would be subsidised by the State Government.

“People (who are taking loans from the bank) are repaying the loans,” Mr Kumar said. The bank provides credit linkages to 1,24,000 self-help groups (SHGs) with an amount of Rs. 1,000 crore, he said. Representatives of Sri Raksha Swasahaya Sangha, Mangalore, were given a cheque of Rs. 5 lakh. The other SHGS that received cheques for loans included Sri Vinayaka Swasahaya Sangha, Bokkapatna, Mangalore; Sri Ganesha Swasahaya Sangha, Bokkapatna; Vaishnavi Swasahaya Sangha, Boloor; Spandana Swasahaya Sangha, and Durgambika Swasahaya Sangha from Thota Bengre.

Earlier, in association with the Federation, the bank had financed 223 JLGs, consisting of 2,000 fisherwomen and a loan of Rs. 9.73 crore had been extended through six branches in Udupi district.

B. Nagaraj Shetty, Chairman of the Coastal Development Authority, inaugurated the loan disbursing event.

Yashpal A. Suvarna, president, Fish Marketing Federation; Nitin Kumar, president, Karnataka Fisheries Development Corporation Limited; Palangappa, Assistant Registrar of Co-operative Societies, Mangalore; Suresh Kumar, Joint Director (Fisheries), Mangalore,; and R.P. Arora, Deputy General Manager, Corporation Bank, were present.

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News Network
February 4,2026

Mangaluru: Urban local bodies and gram panchayats should make the use of Kannada on signboards mandatory while issuing trade licences to commercial establishments, Dakshina Kannada Deputy Commissioner Darshan HV said. He also called for regular inspections to ensure compliance.

Presiding over the District Kannada Awareness Committee meeting at the deputy commissioner’s office, Darshan said the city corporation would be directed to ensure that shops operating in malls prominently display their names in Kannada. “All commercial establishments, including shops, companies, offices and hotels, must mandatorily display their names in Kannada on signboards,” he said.

The deputy commissioner added that the National Highways Authority of India (NHAI) would be instructed to include Kannada on signboards along national highways. Banks, he said, would be directed through committee meetings to provide application forms in Kannada.

“Even if English-medium schools and colleges impart education in English, their signboards must display the institution’s name in Kannada. Steps will also be taken to ensure that private buses display place names in Kannada,” Darshan said.

During the meeting, committee members raised concerns over the closure of Kannada-medium schools in rural areas due to a shortage of teachers and stressed the need for immediate corrective measures. They also pointed out that several industries employ workers from other states while overlooking local candidates.

Members further demanded that nationalised banks provide deposit and withdrawal slips in Kannada. It was brought to the deputy commissioner’s notice that the presence of staff without knowledge of Kannada in rural branches of nationalised banks is causing hardship to local customers.

Meanwhile, MP Srinath, president of the District Kannada Sahitya Parishat, urged the district administration to allot land for the construction of a district Kannada Bhavana in Mangaluru.

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News Network
February 1,2026

Bengaluru: Karnataka Deputy Chief Minister D K Shivakumar on Sunday criticised the Union Budget presented by Finance Minister Nirmala Sitharaman, claiming it offered no tangible benefit to the state.

Though he said he was yet to study the budget in detail, Shivakumar asserted that Karnataka had gained little from it. “There is no benefit for our state from the central budget. I was observing it. They have now named a programme after Mahatma Gandhi, after repealing the MGNREGA Act that was named after him,” he said.

Speaking to reporters here, the Deputy Chief Minister demanded the restoration of MGNREGA, and made it clear that the newly enacted rural employment scheme — VB-G RAM G — which proposes a 60:40 fund-sharing formula between the Centre and the states, would not be implemented in Karnataka.

“I don’t see any major share for our state in this budget,” he added.

Shivakumar, who also holds charge of Bengaluru development, said there were high expectations for the city from the Union Budget. “The Prime Minister calls Bengaluru a ‘global city’, but what has the Centre done for it?” he asked.

He also drew attention to the problems faced by sugar factories, particularly those in the cooperative sector, alleging a lack of timely decisions and support from the central government.

Noting that the Centre has the authority to fix the minimum support price (MSP) for agricultural produce, Shivakumar said the Union government must take concrete steps to protect farmers’ interests.

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News Network
January 23,2026

Karnataka Governor Thaawarchand Gehlot read only three lines from the 122-paragraph address prepared by the Congress-led state government while addressing the joint session of the Legislature on Thursday, effectively bypassing large sections critical of the BJP-led Union government.

The omitted portions of the customary Governor’s address outlined what the state government described as a “suppressive situation in economic and policy matters” under India’s federal framework. The speech also sharply criticised the Centre’s move to replace the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) with the Viksit Bharat–Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, commonly referred to as the VB-GRAM (G) Act.

Governor Gehlot had earlier conveyed his objection to several paragraphs that were explicitly critical of the Union government. On Thursday, he confined himself to the opening lines — “I extend a warm welcome to all of you to the joint session of the State legislature. I am extremely pleased to address this august House” — before jumping directly to the concluding sentence of the final paragraph.

He ended the address by reading the last line of paragraph 122: “Overall, my government is firmly committed to doubling the pace of the State’s economic, social and physical development. Jai Hind — Jai Karnataka.”

According to the prepared speech, the Karnataka government demanded the scrapping of the VB-GRAM (G) Act, describing it as “contractor-centric” and detrimental to rural livelihoods, and called for the full restoration of MGNREGA. The state government argued that the new law undermines decentralisation, weakens labour protections, and centralises decision-making in violation of constitutional norms.

Key points from the unread sections of the speech:

•    Karnataka facing a “suppressive” economic and policy environment within the federal system

•    Repeal of MGNREGA described as a blow to rural livelihoods

•    VB-GRAM (G) Act accused of protecting corporate and contractor interests

•    New law alleged to weaken decentralised governance

•    Decision-making said to be imposed by the Centre without consulting states

•    Rights of Adivasis, women, backward classes and agrarian communities curtailed

•    Labourers allegedly placed under contractor control

•    States facing mounting fiscal stress due to central policies

•    VB-GRAM (G) Act accused of enabling large-scale corruption

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