Karnataka Coop Bank Loan Interest Waiver Scheme: The Karnataka government on February 16 gave its approval for waiver of interest on past medium term loans from District Cooperative Central and Primary Cooperative Agriculture and Rural Development Banks.

Karnataka Driver Scheme

This will also benefit more than 57,000 farmers. Through this facility, DCC and Picard banks can recover loans totaling Rs. 496 crores respectively. Read the article below to know more about the loan interest waiver scheme of Karnataka Cooperative Banks.

Karnataka Cooperative Banks Loan Interest Waiver Scheme Details in Highlights

 Objectives 

The scheme would result in a significant improvement in these banks’ financial condition. The scheme is launched to ensure that agricultural policies are implemented effectively so for this purpose the Agriculture Development Authority will be established.

Bhoomi RTC Karnataka Bhulekh Land Records

The interest on medium- and long-term past-due loans from DCC and Primary Cooperative Agriculture and Rural Development (PICARD) banks would be waived, according our government’s decision. 

Karnataka Loan Waiver Scheme

More than 57,000 farmers stand to gain from this. The DCC/PICARD banks will be able to recover loans totalling Rs. 496 crore as a result of this initiative.  

Documents for Karnataka Cooperative Banks Loan Interest Waiver Scheme

1. Aadhar Card
2. Phone number
3. Bank account number
4. Other details

Eligibility Criteria for Karnataka Cooperative Banks Loan Interest Waiver Scheme

1. The applicant must be the resident of Karnataka.
2. People who have overdue loans of district cooperative banks are eligible for this scheme.

Application Process of Karnataka Coop Banks Loan Interest Waiver Scheme

1. Go to the official website of the scheme.
2. The home page of teh website will appear on the screen.
3. Select the Coop Banks Loan Interest Waiver Scheme option.
4. A new page with an application form will appear.
5. Enter the required details
6. Click on the submit option.

Karnataka Shakti Scheme

FaQ

Q.What is the Karnataka Coop Banks Loan Interest Waiver Scheme 2024

Ans.The scheme would result in a significant improvement in these banks’ financial condition. The scheme is launched to ensure that agricultural policies are implemented effectively so for this purpose the Agriculture Development Authority will be established.

Q.What is the Documents for Karnataka Cooperative Banks Loan Interest Waiver Scheme ?

1. Aadhar Card
2. Phone number
3. Bank account number
4. Other details

Q.What is the Eligibility Criteria for Karnataka Cooperative Banks Loan Interest Waiver Scheme ?

1. The applicant must be the resident of Karnataka.
2. People who have overdue loans of district cooperative banks are eligible for this scheme.

Karnataka Coop Banks Loan Interest Waiver Scheme 2024: Apply Online, Eligibility | ಕರ್ನಾಟಕ ಕೋಪ್ ಬ್ಯಾಂಕ್‌ಗಳ ಸಾಲದ ಬಡ್ಡಿ ಮನ್ನಾ ಯೋಜನೆ
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