Anil Singh, Banda: There is not any industrial farming in Bundelkhand. Many of the farmers develop two plants according to rain. Farmers are pressured to take loans from banks when plants are destroyed in herbal calamities. Banks also are trapping farmers within the internet of loans thru KCC to reach the objective. Within the tournament of now not with the ability to pay off the mortgage, the farmers listed below are pressured to embody dying.
2,841 crore 98 lakh mortgage
In Banda district of Bundelkhand, annually because of herbal calamity, the plants of farmers are destroyed. Because of which the situation of the farmers worsens. Speaking about Chitrakoot Dham Mandal, already numerous farmers are indebted to banks in Banda, Chitrakoot Hamirpur and Mahoba of the Mandal. Throughout twelve months, 4,29991 farmers of all of the 4 districts have taken mortgage of Rs 2,841 crore 98 lakh thru Kisan Credit score Card KCC. While within the closing yr 2020, 2,16,986 farmers had taken a mortgage of Rs 16 billion 79 crore 15 lakh. Farmers who take loans fail to make up for the crop. Of those, simplest about 45 according to cent farmers are fortunate sufficient so that you could pay off the financial institution mortgage.
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3 and a part thousand farmers have dedicated suicide
The ones farmers who fail to pay off the mortgage are pressured to embody dying. Within the closing 3 many years, about 3 and a part thousand farmers have dedicated suicide in Bundelkhand because of crop failure and non-repayment of loans. On this regard, the modern farmer Prem Singh believes that there’s infrequently any farmer in Bundelkhand who does now not have a financial institution mortgage.
Banks additionally don’t hesitate to offer loans to farmers to reach the objective of disbursement of loans. Crop is grown on this house simplest two times a yr, whilst the passion of the mortgage assists in keeping expanding day and evening. He says that the federal government will have to give loans to farmers in Bundelkhand with out passion. In order that the farmer does now not must take suicidal step like suicide.
The interest rate on non-repayment of mortgage is 11 p.c
Then again, Lead Financial institution Cellular Supervisor Rajiv Anand says that 60 p.c of the farmers who take mortgage from the financial institution are not able to pay off the mortgage. If the mortgage is repaid on time, then simplest 4% passion is charged. However farmers aren’t ready to pay off the mortgage on time, because of which the interest rate is going as much as 11 p.c.