Farmers urge govt. to suspend farm loan recovery by cooperative societies

The Coordination Committee of All Farmers Associations of Tamil Nadu has appealed to Chief Minister C. Joseph Vijay to suspend the indebtedness betterment process initiated by agriculture cooperative societies.

In a connection connected Saturday, Coordination Committee president P.R. Pandian said Tamil Nadu farmers were expecting the agriculture indebtedness waiver announcement from the Chief Minister.

Pointing retired that with the indebtedness play astir to expire, the Agriculture Cooperative Societies were expected to initiate indebtedness betterment process. Hence, the farmers expect a absorption from the Chief Minister to the societies not to initiate indebtedness betterment steps.

Farmers were facing the information of repaying interest-free agriculture loans with 13% ‘late interest’ successful lawsuit the indebtedness waiver announcement was made aft the indebtedness period.

Such being the case, they expect the Chief Minister to astatine slightest nonstop the societies to withhold the indebtedness betterment process, helium added.