A farmer, who lost his crops in the last devastating floods, committed suicide allegedly for being unable to pay the loans taken from different banks.
The banks had issued notices warning of legal action if he failed to repay the dues.
The 87-years-old farmer, Ouseph, was a banana farmer from Marottichal in Thrissur. He had taken the loans for banana cultivation.
Speaking to ANI, his son Joby said that his father was depressed after getting the notices from the banks, and said that the banks was responsible for his father's death.
"My father did not have any other problems. He had taken loans of Rs 1.5 lakh from various banks. They issued legal notices and said they would take action including attaching of property. This drove him to suicide," he said.
Joby also said that the bank officials had also summoned his father before issuing the notice.
Ouseph ended his life by consuming poison.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
