One-year moratorium on farm loans in Kerala

The Committee also decided to suspend all recovery proceedings initiated agianst farmers on loans taken by them during this period, state's Finance Minister K M Mani told reporters here after the SLBC meeting.

The mortarium period begins from December 31.

The loans would be rescheduled to help the farmers, he said, adding that the impact of drought on farmers in the state was very severe.

SLBC was convened today as per a decision of a special Cabinet of the state held on January 23, which announced a one-year moratorium on agriculture loans taken by farmers from co-operative banks.