Siddaramaiah meets PM Modi, urges him to restore NABARD lending
New Delhi: Karnataka Chief Minister Siddaramaiah met Prime Minister Narendra Modi in New Delhi this noon to submit a memorandum seeking Central assistance on several issues.
The CM thanked Modi for meeting him on short notice and outlined six key demands.
Siddaramaiah urged the PM to address the 58 percent reduction in the National Bank for Agriculture and Rural Development (NABARD) loan to the State, which has fallen from Rs. 5,600 crore in 2023-24 to Rs. 2,340 crore in 2024-25.
He expressed concerns that this cut would raise the cost of finance for farmers unless the State steps in with additional interest subvention.
He also requested Rs. 5,300 crore for the Upper Bhadra Project, as promised in the Union Budget and called for swift approval under the Accelerated Irrigation Benefit Programme.
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