Farmers urge govt. to suspend farm loan recovery by cooperative societies
Farmers in Tamil Nadu are urging the government to halt the loan recovery process by cooperative societies. They are anticipating an announcement regarding an agriculture loan waiver from Chief Minister C. Joseph Vijay. The farmers are concerned about facing high late interest charges if the waiver is announced after the loan period expires.
- ▪The Coordination Committee of All Farmers Associations of Tamil Nadu has made a formal appeal to the Chief Minister.
- ▪Farmers are worried about repaying loans with high late interest if the waiver is announced late.
- ▪They are requesting a directive to suspend loan recovery processes by agriculture cooperative societies.
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The Coordination Committee of All Farmers Associations of Tamil Nadu has appealed to Chief Minister C. Joseph Vijay to suspend the loan recovery process initiated by agriculture cooperative societies.In a statement on Saturday, Coordination Committee president P.R. Pandian said Tamil Nadu farmers were expecting the agriculture loan waiver announcement from the Chief Minister.Pointing out that with the loan period about to expire, the Agriculture Cooperative Societies were expected to initiate loan recovery process.
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