NEWS & ADVICE : PERSONAL LOAN
Bank declared 17500 UP farmers as defaulters
By Vaibhav Aggarwal
Jun 10, 2013
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Banks in Uttar Pradesh declared around 17500 farmers as defaulters, with the expiry of the loan waiver scheme which was announced by UP Government.

According to figures, the farmers owes around Rs 83 crore to the banks and other financial institutions.

As per the rules and regulations, loanees who mortgaged their land got loan up to Rs 50,000 were covered under the loan waiver scheme but under the condition that 10 per cent of the loan amount was deposited by them on time. There are 13,796 farmers fulfilling this condition. Farmers availing higher amount of loan were ineligible.

General Secretary of UP Unit of Bhartiya Kisan Union (BKU), Mr. Mange Ram Tyagi, said that farmers were facing difficulties due to untimely supply of fertilizers during Rabi sowing, uncertain power supply and improper canal water supply roster. Adding to the misery of farmers is huge sugarcane arrears against four sugar mills of district.

According to the District Sugarcane Officer, a sum of Rs 98.14 crore is due to four sugarcane mills against sugarcane supplied by farmers.


 


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