Press Esc to close

Farmers flay banks for not following Nabard guidelines

Mangalore, Jan 8, 2013, DHNS: 22:47 IST

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

More from this section
Most trending stories
Photo Gallery
A view of Sunder Nursery at Hazrat Nizamuddin in...

A view of Sunder Nursery at Hazrat Nizamuddin in...

Mahila Congress activists make 'pakodas' to protest against alleged unemployement...

Mahila Congress activists make 'pakodas' to protest against alleged unemployement...

Canadian Prime Minister Justin Trudeau and First Lady Sophie Grgoire greet visitors...

Canadian Prime Minister Justin Trudeau and First Lady Sophie Grgoire greet visitors...

Gold medalist Mariama Jamanka of Germany gets lifted by silver medal winner Lauren Gibbs...

Gold medalist Mariama Jamanka of Germany gets lifted by silver medal winner Lauren Gibbs...

Union Textile Minister Smriti Irani addresses a session during UP Investors Summit 2018 at...

Union Textile Minister Smriti Irani addresses a session during UP Investors Summit 2018 at...

A helicopter is seen flying over the besieged town of Douma, Eastern Ghouta...

A helicopter is seen flying over the besieged town of Douma, Eastern Ghouta...

Transgender Shanavi Ponnusamy arrives at the chief minister's cell at...

Transgender Shanavi Ponnusamy arrives at the chief minister's cell at...

Lufthansa tests humanoid robot 'Josie Pepper' at airport...

Lufthansa tests humanoid robot 'Josie Pepper' at airport...

Chief of the Air Staff, Air Chief Marshal B.S. Dhanoa presents a memento to the...

Chief of the Air Staff, Air Chief Marshal B.S. Dhanoa presents a memento to the...

Alpine Skiing - Pyeongchang 2018 Winter Olympics - Women's Downhill Training...

Alpine Skiing - Pyeongchang 2018 Winter Olympics - Women's Downhill Training...

Like us on Facebook

Copyright 2017, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523
Powered by Yodasoft Technologies Pvt. Ltd.