K’taka waives Rs 1,611 cr farm loans

BENGALURU: Implementing the crop loan waiver scheme, the Karnataka government wrote off loans worth Rs 1,611 crore borrowed by 3.28 lakh farmers till January 31, said state Governor Vajubha Vala on Wednesday. "The waiver scheme is being implemented on fast track basis to cover all crop loans taken from cooperative and state-run banks, mostly by small and marginal farmers," Vala said in his address to the joint session of the State Legislature here.