Banks to offer financial respite to farmers in 101 drought-hit taluks in Karnataka
SLBC asks banks to kick off the relief measures by October 11, 2026, and complete implementation by January 9, 2027
The State Level Bankers' Committee (SLBC) in Karnataka convened a special meeting to discuss relief measures for farmers in drought-affected taluks. The State government declared 101 taluks, including 89 severely and 12 moderately affected ones, as drought-hit across 24 districts. The banking sector has agreed to a comprehensive relief package for eligible borrowers in agriculture and allied activities.
This includes a 12-month moratorium on loan repayments, extension of repayment period to 36 or 60 months in affected taluks, and coverage of Kisan Credit Card (KCC) for various credit needs. Additional measures include need-based credit support for farmers to maintain agricultural operations. SLBC emphasized a humanitarian approach, urging banks to show sympathy towards affected farmers during the drought.
The package aims to provide timely financial support and protect farmers from distress during the current agricultural season.
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Also reported by 1 other outlet
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