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Farmers want proper credit flow from banks

By Our Staff Reporter

THANJAVUR, AUG. 20 . Farmers of Thanjavur district today appealed to the Collector, J.Radhakrishnan, to ensure proper credit flow from cooperative and commercial banks as per the revised guidelines issued by the Union Finance Ministry so that they might take up samba cultivation.

They complained that contrary to the guidelines given by the Finance Ministry, the cooperative banks had been engaged in deduction of arrears in the fresh crop loan. But the Government had announced conversion of loans, already taken, into long-term loans and announced waiver of interest and penal interest to the loans taken till 1999.

Pon.Kaliyamurthy, a progressive farmer from Budalur, complained that as per the new scale of finance, a farmer should get Rs. 8000 per acre as loan from cooperative banks. But this amount was utilised by banks to reduce the arrears to be paid by the farmers and only remaining amount was given as loan.

Farmers were affected by drought in the past three years and they had no money to repay the loans. Considering the plight of farmers, the Finance Ministry had issued guidelines for issuing fresh loans without taking the arrears. However, this was not followed by the banks, Mr. Kaliyamurthy alleged.

Another farmer alleged that the cooperative banks insisted on getting no due certificate from commercial banks to get cooperative loans and commercial banks insisted on getting no due certificate from co-operative banks to issue fresh loans. The farmers could not get no due certificates from either of the banks as they had borrowed loans and were not in a position to repay owing to drought in the past three years.

Mr. Radhakrishnan appealed to the banks to follow the new guidelines and issue loans to farmers.

R. Navaneetha Krishnan, Joint Director of Agriculture, Thanjavur district, said that water level at Mettur dam stood at 92.119 ft this morning. The storage was 55.095 tmc ft. The flow into the dam was 10,967 cusecs and the discharge from the dam was 18,002 cusecs.

The JDA said that so far 333 tonnes of samba seeds had been distributed to the farmers in the district. There was a stock of 202 tonnes of seeds. Orders had been placed to move more stock of seeds from other districts such as Madurai and Dindigul.

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