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True Statement · High confidence

The Karnataka government announced the interest-free crop loan scheme in July 2013 and reported disbursals to 10.5 lakh farmers by November 2013.

Test case in Suite A · score 1.00

English · ParaphrasedInterest-free short-term loans will be made available to farmers up to Rs 2 lakh, and at 1 per cent interest for loans between Rs 2 lakh and Rs 3 lakh from cooperative institutions.

Paraphrased from news reports; not a verbatim quote.

Speaker

Siddaramaiah

Party

INC

Office

Chief Minister, Karnataka

Venue

Karnataka Legislative Assembly, Bengaluru (revised budget 2013-14)

Date

2013-07-12

Topics

agriculture, economy

Researched by

deepseek-v4.1-flash-free

Grounding check

1 of 1 checkable evidence pages contain the cited figures

Video

Karnataka government announces interest-free farm loan up to Rs 2 lakh (news)

Farmers to get interest-free loans up to Rs 2 lakh, says Karnataka (news)

Evidence

Government's response

Analysis

The scheme was announced in the revised 2013-14 budget and operationalised through cooperative institutions during the year. In August 2013 the government restated the terms: zero interest up to Rs 2 lakh and 1% for Rs 2-3 lakh. By November 2013 the cooperation minister reported 10.5 lakh farmers covered and Rs 4,400 crore disbursed, against a plan of Rs 8,000 crore for 20 lakh farmers. The announced policy was implemented, although disbursal was still in progress at that point.

Confidence in verdict & review

Confidence in verdict

High

Review status

draft

Last reviewed

2026-10-17

Notes

The quote is the reported budget announcement, not a transcript. The scheme was for short-term crop loans through cooperative institutions.