Its all drama I have been working in this field its an exploitation by private banks to farmers what real story is that 1. farmers are recovered with heavy interest rate and on other hand resources for farmers are very very low no facility is provided by GOVT to farmers 2. even in case of loss insurance claim policy is much tuff that farmer cant fulfill the documentation and criteria. Only zari taraqiati bank is facilitating in term of low interest rate but there an other problem their staff take 3. bribery and political people also involve for sanctioning of loans. I have the experience in this finally farmers have to sell their properties to get rid of their debts. 4. Even few farmers got mentally retarded due to the legal action by bank becz he did loss his agri business and even insurance companies make lot of excuses and even if lengthy documentation is completed even then 100% payment is not made by company. 5. Farmers are not given a fixed schedule of installment and at the end poor simple farmers got trapped becz from their side they would have been finalised and when they come in bank they are tolled still repayment pending. 6.Original papers for vehicles like tractors are kept by bank head office which resulted great trouble to farmers becz they are often penalised by police at road. Still there are many realities that are to be disclosed
Posted on: Mon, 14 Jul 2014 05:23:37 +0000
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