Easy loans from 'state bank of tomato', courtesy Uttar Pradesh Congress

The Uttar Pradesh Congress has started the 'state bank of tomato', with facilities like easy loans for buying tomatoes, attractive interest rates on its deposit and locker facility.

Published: 03rd August 2017 07:15 PM  |   Last Updated: 03rd August 2017 07:15 PM   |  A+A-

Sundargarh Deputy Director of Agriculture RN Satpathy said shortage in supply of vegetables from July to September due to monsoon rain is common leading to price hike.

Representational Image. | Express File Photo

By PTI

LUCKNOW: The Uttar Pradesh Congress has started the 'state bank of tomato', with facilities like easy loans for buying tomatoes, attractive interest rates on its deposit and locker facility, as a novel way to protest the soaring price of the vegetable.

The 'bank', which is being operated from the Youth Congress office at Mall Avenue in the state capital, has today, on the second day of the protest, got some 18 buyers and is evoking keen interest among the people.

Former party spokesperson Anshu Awasthi, who is leading the campaign as the 'bank's chief manager', said they have some interesting schemes like doubling the tomatoes deposited with it, 80 per cent loans for buying the vegetable especially for the poor.

"Seeing the response, we have started another 'branch' in Aliganj here... We got some 11 kg of tomatoes deposited with us and have given away one-and-a-half kg on loan in which the buyer will be paying back in instalments of Rs 10 each," Awasthi said.

Some shopkeepers are depositing tomatoes with us, he said adding the 'bank' will operate from 10 am to 5 pm.

"The idea is not just to lodge protest but also to create awareness among the people about the soaring price of the vegetable," he said.

Party spokesperson Dwijendra Tripathi said this is a form of protest against the soaring prices of tomatoes and to draw attention on the hardship faced by the common people because of it.

Stay up to date on all the latest Nation news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp