ERODE: A farmer in Gopichettipalayam near Erode committed suicide by hanging self as he was not able to repay the loan that he had availed to purchase a tractor and cow.
According to sources, Palanisamy of Vaelampalayam near Odaimaedu in Erode had availed loan from Indian Overseas Bank, several years ago. He was paying back the loans in small amounts at frequent intervals until 2015. However, after a severe drought in the region and subsequent loss in farming, he was unable to pay the loan for the past one year. In this regard, the back officials had notified Palanisamy some 20 days ago, asking him to repay the loans as soon as possible,
Similarly, in 2015, Palanisamy had availed a loan from a private funding agency for purchasing cow. He was not able to pay this loan too due to the drought. Two days back, the funding agency persons had approached Palanisamy, asking him to repay the loan in a month time.
Frustrated over the matter, on Monday night, Palanisamy committed suicide by hanging self. Police rushed to the spot and sent the body to Erode CMCH.
Similarly, in an another incident in Coimbatore, a banana farmer near Annur in the outskirts of the city, suffered cardiac arrest after the huge loss in farming due to drought. The farmer Ramasamy (62) of Moolakurumbapalayan near Annur in the outskirts of the city had cultivated bananas at an area of 2.5 acre.
After the huge loss that he faced in 2015, he reduced the cultivation land area to one acre. In December 2016, he faced huge loss by cultivating banana in one-acre farm land and with a liability of Rs 2 lakh as crop loan, he was not able to withstand the loss, said sources.
Two weeks ago he suffered a cardiac arrest and was undergoing treatment in a private hospital in Annur. However, he breathed his last on Monday after stopping to respond to the treatment.
Annur police have registered a case and are probing into the matter.