Press Esc to close
Saturday 20 September 2014
News updated at 3:18 AM IST
Weather
Max: 27.8°C
Min : 20.1°C
In Bangalore
Sunny day

Farmers flay banks for not following Nabard guidelines

Mangalore, Jan 8, 2013, DHNS:

Banks have issued notices to areca growers, alleges Cong leader

 Farmers have expressed displeasure over banks and cooperative banks for not following the guidelines of the Nabard on reschedule of outstanding loans borrowed by the arecanut growers, whose plantations have been affected with Yellow leaf disease.

Speaking to presspersons here on Tuesday, Congress Rajya Kissan and Kheth Mazdoor Sangha Vice-President Sachin Meega said that the Union government had decided to extend the scheme for improving productivity and farm income of arecanut based farming system.

Accordingly, the government had decided to reschedule the outstanding loans borrowed by the arecanut growers. The repayment period for the rescheduled loans, including fresh loans, will be 11 years. Inspite of it, the banks in Coastal districts are not following the guidelines. The banks have issued notices to the arecanut growers for the repayment of loans.


He said that cooperative societies should work towards the interest of the farmers. Banks and cooperative societies should stop harassing arecanut growers. If the banks continue to issue notices, then we will stage a protest, he said.

Meega said that Gorakh Singh had recommended to the government to waive off the loans borrowed by arecanut growers, who are in distress. Accordingly, farmers of Coastal district and Malnad had filed a writ in the High Court, to waive of the loans. The court had directed the Centre to initiate measures in this regard within three months.

The three months time has concluded on Tuesday. If the government fails to initiate measures, then it would amount to contempt of court. The arecanut growers get several facilities under National Horticulture Mission. The growers should make use of it, said Raitha Sangha working president Sridhar Shetty.

Go to Top

Photo Gallery
Bollywood actor Farhan Akhtar at the launch of Coca Cola Zero in New Delhi ...

Bollywood actor Farhan Akhtar at the launch of Coca Cola Zero in New Delhi ...

Sadananda Gowda releasing the logo for a special cleanliness campaign of SCR at Rail Nlayam ...

Sadananda Gowda releasing the logo for a special cleanliness campaign of SCR at Rail Nlayam ...

Manmohan Singh greets Chinese President Xi Jinping as Sonia Gandhi looks on ...

Manmohan Singh greets Chinese President Xi Jinping as Sonia Gandhi looks on ...

Indian flagbearer Sardar Singh carries the national flag to lead the contingent into Incheon ...

Indian flagbearer Sardar Singh carries the national flag to lead the contingent into Incheon ...

Asian Games torch arrive at main stadium for opening ceremony of the 17th Asian Games ...

Asian Games torch arrive at main stadium for opening ceremony of the 17th Asian Games ...

Artists perform during the opening ceremony for the 17th Asian Games in Incheon, South Korea ...

Artists perform during the opening ceremony for the 17th Asian Games in Incheon, South Korea ...

Omar Abdullah inaugurates a reconstructed bridge which was washed away by floods at Gundoora ...

Omar Abdullah inaugurates a reconstructed bridge which was washed away by floods at Gundoora ...

Students take part in a rally aganist the alleged molestation of Jadavpur University female ...

Students take part in a rally aganist the alleged molestation of Jadavpur University female ...

Kashmiri Sikh people preparing food for the flood victims at a relief camp ...

Kashmiri Sikh people preparing food for the flood victims at a relief camp ...

A ballot box is emptied as workers prepare to count ballots at a counting centre in Aberdeen...

A ballot box is emptied as workers prepare to count ballots at a counting centre in Aberdeen...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523