5 months ago
1
Farmers successful Virudhunagar are complaining that Cooperative societies were forcing farmers to pledge golden oregon farmland arsenic collateral information for giving harvest loans violating the Reserve Bank of India guidelines.
“While the RBI guidelines are wide that nationalised banks and cooperative societies should springiness collateral escaped harvest loans up to to ₹2 lakh, the societies successful Virudhunagar territory were demanding either golden oregon farmlands arsenic collateral information adjacent for harvest loans little than ₹2 lakh,” complained R. Ram Pandian, president of Cauvery Vaigai Kiruthumal Gundar Irrigation Farmers’ Federation.
A husbandman from Kalkurichi who sought harvest indebtedness of ₹1.20 lakh was asked to springiness golden arsenic collateral security, helium alleged.
District president of Tamilaga Vivasayigal Sangam N. A. Ramachandra Raja alleged that not each societies, but immoderate were insisting connected collateral security.
Besides, the cooperative societies were besides insisting connected farmers to bring surety by a Class A subordinate of cooperative nine for the indebtedness oregon to pledge the farmland.
“Not each farmers tin get surety. Besides, those farmers having associated holding of farmland cannot get their farmlands pledged easily,” helium said.
Moreover, the societies were besides forcing the farmers to wage ₹6,000 stock successful the nine for a harvest indebtedness of ₹1 lakh.
“The stock deposited could beryllium withdrawn lone aft 1 twelvemonth for which nary involvement is paid. Besides, erstwhile the farmers effort to retreat the stock amount, the officials marque the farmers to springiness successful penning that they would question harvest indebtedness for the adjacent fewer years,” helium said.
He complained that specified practices were putting the farmers successful a lurch.
“These practices rise a suspicion whether the State Government was indirectly helping the corporates which were connected onshore buying spree to acceptable up star powerfulness plants. If this plight continued for farmers, the cooperative societies volition look closure,” helium warned.
The societies were besides forcing the farmers to bargain ‘unwanted’ fertilizers, erstwhile the farmers privation bargain urea.
However, a elder authoritative from the Department of Cooperatives denied the charges and clarified that collateral information was insisted lone for the harvest loans supra ₹2 lakh arsenic per the guidelines.
“The societies cannot springiness caller harvest loans, if they person already achieved the currency recognition targets fixed by the District Central Cooperative Bank,” helium added.
