5 days ago
Farmers' Body Says Banks Deny Fresh Crop Loans in Beed
Farmers' groups in Beed say some banks are not giving farmers new loans for their crops.
They say this is happening even though the Maharashtra government promised farmers would not be harassed.
One group leader said a bank turned down a farmer because he had missed two mobile-phone payments.
He also said some farmers are refused loans because they guaranteed loans for other people.
On Monday, farmers gave a written request to the district's top official.
They asked the official to step in and stop these practices.
Farmers' organisations say banks in drought-hit Beed district are denying fresh crop loans.
The allegations come despite a Maharashtra government assurance that farmers would not face harassment.
Shetkari Hakka Morcha leader Rajendra Amte said one public bank branch refused a farmer after two mobile instalment defaults.
Amte also alleged that farmers are denied seasonal credit for having guaranteed someone else's loan.
Farmers submitted a memorandum to the Beed District Collector on Monday, seeking intervention against obstructive banking practices.
- Who
- Farmers' organisations, including the Shetkari Hakka Morcha, and banks in Beed district.
- What
- Farmers' groups alleged that banks are denying fresh crop loans and asked the district administration to intervene.
- Where
- Beed district, Maharashtra.
- When
- Farmers submitted a memorandum on Monday; no date is specified.
- Why
- The farmers' groups say some loan refusals are linked to mobile instalment defaults or to farmers having guaranteed another person's loan.
Farmers' organisations
Banks and government
Access to fresh crop loans
Farmers' organisations
Farmers' groups allege banks are denying seasonal credit, including to farmers who guaranteed someone else's loan.
Banks and government
The article reports a government assurance that farmers would not face harassment, but provides no response from banks or the government to the allegations.
Loan refusal over mobile instalments
Farmers' organisations
Rajendra Amte claims a public bank branch refused a farmer's fresh crop loan because of two missed mobile phone instalments.
Banks and government
The article gives no bank account or explanation of the refusal.
Key facts
- District
- Beed
- State
- Maharashtra
- Conditions
- The district is described as drought-hit.
- Claimant
- Rajendra Amte, leader of the Shetkari Hakka Morcha
- Reported reason for one refusal
- The farmer had defaulted on two mobile phone instalments.
- Requested action
- Immediate administrative intervention to halt alleged coercive and obstructive banking practices.
Quotes
Rajendra Amte
Leader of the Shetkari Hakka Morcha
“Countless farmers are being denied fresh seasonal credit merely because they stood as guarantors for someone else’s loan.”
CNBC TV 18
Sources
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