Minister Somashekar inaugurates ‘Arthika Spandana’ scheme in Mysuru

Mysuru, October 3:- District in-charge Minister S T Somashekar on Friday (October 2) said Rs 8,600 has been earmarked to be given as loans to eligible businessmen and farmers under state government’s ‘Arthika Spandana’ scheme.

The minister was talking at the function organised at Kalamandir on Vinoba Road in the city.

He informed that the Chief Minister B S Yediyurappa wanted the scheme to take wings during the coronavirus pandemic situation that would help people to a large extent. The scheme has already been implemented in Bengaluru and Mysuru follows the state capital.

“Rs 39,300 crore is being offered as a loan under Aatmairbhar Bharat and state’s various schemes. Farmers, businessmen, self-help groups, milk producers societies, small and big industries will benefit from this scheme which will be successful in the long run.”

Somashekar also said that the loan should not be misused under any circumstances. “Keeping this in mind, the scheme has been planned. All the beneficiaries should utilise the loan properly and also think of repaying it promptly.”

Janata Dal (Secular) MLA and former minister G T Devegowda said, “Somashekar has toured the state extensively and implemented many schemes from his department. He has collected Rs 53 for the Chief Minister’s Covid Fund. Now, he has come up with ‘Arthika Spandana’ which is a good development.”

BJP MLA S A Ramadass said, “The scheme is beneficial to the people from rural and urban areas. Utilise the funds and be self-reliant.”

Cheques were distributed to people from eight divisions in Mysuru district.

Chamaraja Constituency MLA  L Nagendra, Mayor Tasneem Bano, Mysuru Urban Development Authority (MUDA) chairman H V Rajeev, DCC Bank president G D Harish Gowda, cooperative department’s chief secretary Tushar Girinath and cooperative department’s regulator S Ziaullah were present. (MR/KS)

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