Karnataka Budget 2023-24: CM Basavaraj Bommai announces farmer-friendly schemes by raising loan term limits and agricultural subsidies
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Seeking to woo farmers in an election year, Karnataka Chief Minister Basavaraj Bommai on Friday announced an increase in the limit of interest-free short-term loan given to farmers from Rs 3 lakh to Rs 5 lakh from the coming financial year. This would ensure availability of hassle-free and need-based loan facility for making necessary preparation for farm-related activities, Bommai said.