Farmers today petitioned the Coimbatore Collector T.N. Hariharan as they are unable to bear the high-interest rates for the agricultural loans that they have obtained from the banks. A Farmer’s Grievance redressal meeting was held today at the Coimbatore collector’s office by the collector T.N. Hariharan.
Farmers from different parts of the district participated in the meeting and presented a petition. Thupakki Velusami in his petition to the collector he said that he is unable to the repay the loans as the banks are collecting huge interest. He requested that his loan is waved off. He also had sought permission to for indulging in antisocial activities like liquor manufacturing, terrorism, cultivating ganja.
When speaking to the press Velusamy said, “I have been paying my dues regularly. But since the last few years, as the rains have failed and also the produce has not got the right price, I am unable to repay my loan obtained for farming. I am also unable to meet my daily needs. As the situation is like this, the banks are compelling me to pay interest over and above the actual interest rare.”
He requested the government to take necessary steps to help them otherwise their children would be forced to take up terrorism and such activities.
A farmer from Perur in the city who has cultivated 1,000 banana trees which are at the stage of harvesting also attended this meeting. He said “After selling the bananas for Rs.500 per tree, we get around Rs.5 lakhs. If we deposit this amount in the banks, we have to pay income tax to the government. As the buyers are not providing receipts for the purchase we are facing great difficulty. Tamilnadu government should take necessary steps to register the companies that are involved in trading of agricultural products in Tamilnadu.”
Farmers from different parts of the district participated in the meeting and presented a petition. Thupakki Velusami in his petition to the collector he said that he is unable to the repay the loans as the banks are collecting huge interest. He requested that his loan is waved off. He also had sought permission to for indulging in antisocial activities like liquor manufacturing, terrorism, cultivating ganja.
When speaking to the press Velusamy said, “I have been paying my dues regularly. But since the last few years, as the rains have failed and also the produce has not got the right price, I am unable to repay my loan obtained for farming. I am also unable to meet my daily needs. As the situation is like this, the banks are compelling me to pay interest over and above the actual interest rare.”
He requested the government to take necessary steps to help them otherwise their children would be forced to take up terrorism and such activities.
A farmer from Perur in the city who has cultivated 1,000 banana trees which are at the stage of harvesting also attended this meeting. He said “After selling the bananas for Rs.500 per tree, we get around Rs.5 lakhs. If we deposit this amount in the banks, we have to pay income tax to the government. As the buyers are not providing receipts for the purchase we are facing great difficulty. Tamilnadu government should take necessary steps to register the companies that are involved in trading of agricultural products in Tamilnadu.”