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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.

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