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Farmers protest after arrest warrants served for non-payment

Press Trust of India  |  Bengaluru 

: Protests by farmers against a private erupted in many parts of Monday after arrest warrants were served on some of them for non-repayment of loans, prompting H D Kumaraswamy to direct the officials concerned to resolve the issue at the earliest.

The protests broke out after reports emerged that severalfarmers in district were served arrest warrants by a court for non-repayment of loans.

The bank's move came despite the Kumaraswamy led Congress-JDS coalition government announcing about Rs 45,000 crore farm loan waiver recently.

The chief minister's office said in a statement that the BelagaviDistrict and senior police officials, acting on a directive by Kumaraswamy, have convened a meeting between officials and farmers on November 7 to resolve the issue.

"The has asked the districtadministration to discuss farmers' issues with the bankofficials at the meeting and in a friendly atmosphere resolve the issue in a way that farmers are not affected," it added.

The said farmers' interests were of "utmost priority" and it would work with the to resolve the matter.

In a statement, the bank said it had extended various credit facilities to farmers who had borrowed money for their agricultural or farm related activities.

It said legal proceedings were initiated almost six months ago after some farmers failed to repay their loans.

"The bank has also been working towards an amicableloan repayment process through a one-time settlement scheduleand would like to encourage farmers to avail thisopportunity," it said, quoting its Regionalbranch Banking Head, South, Sadashiva Mallya.

The bank said it was aware of the state government's notificationon the loan waiver scheme and it would align with the directives of the and the state-level Bankers Committee on the matter.

"Needless to say, theinterests of farmers are of utmost priority and the bankwill work with the government of to resolve thematter in the best interests of all parties concerned, it said.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 05 2018. 19:11 IST
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