Karnataka CM is worried about financial losses incurred due to floods
Karnataka CM is worried about financial losses incurred due to floods
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There has been massive financial loss this year in Karnataka because of COVID cases and then the havoc caused by floods. Karnataka underwent a loss of Rs 8,071 crore due to the recent floods, Chief Minister B S Yediyurappa on Monday informed the Central team visiting the state to evaluate the damage caused to crops and properties. The six-member inter-ministerial central team (IMCT) headed by the Ministry of Home Affairs Joint Secretary K V Pratap met the Chief Minister and held discussions along with senior ministers and officials of the state government.

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According to an official statement from the Chief Minister's Office (CMO), Yediyurappa notified the Central team that the total loss due to the floods this time is to the tune of Rs 8,071 crore. Yediyurappa also informed officials that the government was aiding the reconstruction of damaged houses, noting that Rs 5 lakh was being given to those whose houses are fully damaged, Rs 3 lakh for severely damaged and Rs 50,000 for partially damaged houses.

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"Last year, Rs 1,500 crore was spent for this and this year, despite COVID difficulties, the government will spend Rs 200 crore," he said. The Chief Minister further acquainted that Rs 460 crore has been released from the State Disaster Relief Fund (SDRF) for COVID control and floods and to manage both these situations, additional funds are required.  He also said that the guidelines for providing relief under SDRF and NDRF (National  Disaster Relief Fund) need to be revised this year and requested the Centre to revise it immediately and release more funds to help people in distress.

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