Set a uniform repayment term for all interest-free agricultural loans, farmers say

“The Salem District Central Cooperative Bank allows a repayment term of 12 months for all interest-free agricultural loans and interest is charged only for farmers who repay after the stipulated term”

“The Salem District Central Cooperative Bank allows a repayment term of 12 months for all interest-free agricultural loans and interest is charged only for farmers who repay after the stipulated term”

A call for the Tiruchi District Central Cooperative Bank to set the repayment term for all crop loans at 12 months and complaints of theft by private fertilizer retailers and illegal gravel extraction from water bodies have been among the main issues raised by farmers during the monthly grievance meeting. here Friday.

In the meeting chaired by Collector Mr. Pradeep Kumar, R. Raja Chidambaram, Secretary of State, Tamizhaga Vivasayigal Sangam, raised the issue of repayment tenure of agricultural loans, said major agricultural cooperative societies were providing loans. loans with varying repayment terms for different crops. While the repayment term for interest-free loans for crops such as sugar cane, tapioca, turmeric, betel vine and banana was set at 12 months, farmers who used loans to grow paddy, maize, sunflower, onion and vegetables such as brinjal and ladies finger were required to repay the loans within eight months. The repayment term for cotton farmers was nine months, he said.

However, Mr. Chidambaram claimed that the Salem District Central Cooperative Bank provides a repayment term of 12 months for all interest-free crop loans and that interest is only charged for those who repay beyond the term. stipulated. The Tiruchi bank should also set the financing scale for each crop and the repayment term of all interest-free crop loans at 12 months, he said.

Earlier, in response to a question raised by P. Viswanathan, President Tamizhaga Eri Mattrum Attru Pasana Vivasayigal Sangam, an official from Department of Agriculture informed the farmers that around 16,580 farmers who suffered damage to their crops of cotton, maize and paddy in 2021-22 were sanctioned with compensation under the crop insurance scheme.

P. Ayyakannu, Chairman, Desiya Thennidiya Nadigal Inaippu Vivasayigal Sangam, complained that some of the fertilizer dealers in Gandhi Market area in Tiruchi were cheating farmers by grossly overpricing fertilizers such as gypsum and urged the collector to take action against them.

Mr Viswanathan urged the district administration to control the ‘illegal mining’ of gravel under the guise of vandalism (reservoir sediment) of certain water bodies. Mr. Pradeep Kumar ordered the Deputy Director of Mines to make an inspection and file a report. He also sought measures to capture and relocate crop raiding monkeys.

Previously, the Collector, while expressing his displeasure at the absence of the Deputy Conservator of Forests, had ordered two rangers to leave the venue of the meeting.

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