Karnataka CM Announces Cooperative Loans for 37 Lakh Farmers

Swift Summary

• Chief Minister Siddaramaiah reviewed the Cooperation Department’s progress.
• ₹28,000 crore farm loans to be disbursed to 37 lakh farmers in 2025-26.
• ₹8,362.68 crore already disbursed to 8,69,284 farmers as of July 31,2025.
• NABARD’s concessional interest rate loan limit reduced from ₹5,600 crore in 2024-25 to ₹3,236.11 crore for 2025-26; achieved progress stands at 96.07%.
• In FY 2024-25:

– Agricultural loans amounting to ₹25,939.09 crore were provided to approximately 29.75 lakh farmers.
– Cooperative infrastructure update:
– Out of all cooperative societies (28,516), some are profitable while a significant portion is bankrupt (14,670)–including major concern: Milk producers Assn financial status

Final NoteAmong Associations saankrupt progress /May alongside association