Don’t send loan recovery notices to farmers, Kumaraswamy tells banks

Chief Minister H D Kumaraswamy on Saturday directed banks not to harass farmers by sending loan recovery notices.

Published: 16th September 2018 04:15 AM  |   Last Updated: 16th September 2018 04:15 AM   |  A+A-

Karnataka CM HD Kumaraswamy (File | EPS)

Express News Service

BENGALURU/VIJAYAPURA : Chief Minister H D Kumaraswamy on Saturday directed banks not to harass farmers by sending loan recovery notices. The government has announced waiver of farm loans availed from nationalised banks and cooperatives.“We had earlier discussed clearing `35,000 crore due to commercial banks in four instalments. But now, we will take measures to clear it by next July. Banks should cooperate with the government and not harass farmers,” the CM stated.  The CM said that the loan waiver will not have any impact on the government’s programmes as the state’s financial position is ‘good’.

Meanwhile, the district administrations too have asked the banks not to send notices to farmers demanding repayment. In Vijayapura, the deputy commissioner has directed bank managers not to send any notices to farmers.Even after the state government said that it will waive farm loans up to `2 lakh availed from both cooperative and commercial banks, bank authorities have sent notice to many farmers in the district asking them to clear the debts. Fearing notices, more than five farmers in Vijayapura district have committed suicide.

On Friday, Anand B Takalaki, 35, a farmer from Kavalagi village of Basavana Bagewadi allegedly committed suicide after a bank sent him a notice asking him to repay the debts. His wife filed a complaint against the bank officials alleging that they are responsible for his death. He had borrowed `4 lakh from commercial and cooperative banks. Taking action on the complaint registered in the Kolhar police station, Deputy Commissioner Sanjay B Shettannanavar said further investigations are on.

Stay up to date on all the latest Karnataka news with The New Indian Express App. Download now

Comments(3)

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.

  • Shantharam

    I condemn Karnataka CM statement that Bank officers will be sent to jail if they issue recovery notices to farmers. Just to grab votes of farmers
    5 days ago reply
  • Shanthkumar T

    state govt mentiined debt relief up to 2 lakh per family only. this is applicable crop loan only. but what about investment loans of farmers. i want to ask question to our CM kumarswamy that who has availed more than 2 lakhs for them also cm telling not to send notice means its not fair. how many days this drama will be. since 10 years farmers have became willfull defaulters. they have not paying loan purposefully. My sicere request is to dont waive the farmer loans. if u really want to help the farmer please waive the farmer loan who are paying promptly since 3 years. i will tell u one thing farmers are not commiting suicide by sending notices by bank. Mr Chief Minister sir please understand they are commiting suicide by their personal problems and held responsible on bankers. Already farmers are not paying loans due to your political speeches to gain vote banks. one day this will destroy our country economy. please dont give any benefits freely. free benefits will destroy our country. CM sir u have waive the loan up to 2 lakh only. u have not instructed that u r waiving loan more than 2 lakhs. Why bankers should not send notices more than 2 llakh. i agree notices should not sent up to 2 lakh limit. but above 2 lakh also why bankers should not send notices. please give answer sir.
    8 days ago reply
    • Rohan

      Spot on. All farmers are rich at least. They have stopped working and looting poor middle class income in form of tax. All farmers at home have dish TV
      5 days ago reply