Beed farmer returns 'golden' yield

Image
Press Trust of India Mumbai
Last Updated : Dec 20 2015 | 9:42 AM IST
In an exemplary act of honesty, a farmer from Beed district in the drought-hit Marathwada region returned excess gold, worth a few lakh rupees, to the bank which gave it to him after he repaid loan.
Ramprasad Mane had taken a loan of Rs 18,000 from Majalgaon branch of the Vaidyanath Bank. He kept gold with the bank as collateral, an official said.
After he repaid the loan, the bank returned the gold. However, when he noticed that the gold he got back was much more than he had kept as collateral, Mane brought it to the bank's notice, the official said.
The bank had returned the gold deposited by one Rambhau Mane in the same branch and mistook Ramprasad Mane for him, he said.
The gold the farmer had got after repaying the loan was worth around Rs three lakh, he added.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Dec 20 2015 | 9:42 AM IST

Next Story