Co-op society agrees to waive off farmers’ loans

Mysuru, March 21:- Despite the state government announcing waiving of farmers’ loans up to Rs 50,000 at co-operative banks, they have been delaying to implement it. The farmers co-operative union of Gavadagere of Mysuru taluk has finally agreed to waive off loans as the farmers’ organisations were preparing for a protest against the union.

The union reportedly has a transaction of Rs 200 crore annually with 3,500 shareholders. Around 1250 members have taken loans from the union. According to the government order, loans worth Rs 5.5 crore of 1,154 members were to be waived off, but the union failed to follow the diktat.

After a shareholder of the bank committed suicide recently, the aggrieved farmers thought of legal fight against the union with Satya MAS Foundation and Dalit unions. They jointly organised a protest in front of the co-operative union on Wednesday. Deputy manager of the union, Manjunath promised to take necessary steps to waive off the loans

In fact, Satyappa of Satya MAS Foundation asked the union to completely waive off all the loans as Maharashtra government did.

Dalita Sangharsha Samiti leader Varadaraju, Bettegowda, Benkipura Chikkanna, Chandregowda, Satyavati, Shivaji Ghatke and others were present. (MR/KS)

Leave a Reply



Related Articles