Thursday, November 24th, 2016

Karnataka farmer writes to SBI to waive off loan like Vijay Mallya’s

Narada Desk | November 24, 2016 11:04 am Print
Sudhakar, son of farmer leader Sunandamma, a resident of Pannedoddi village, Maddur taluk, appealed to the bank manager of Shivapura branch to waive his loan at the earliest

A farmer hailing from Mandya in Karnataka has written to the State Bank of India to write-off his Rs 7-lakh loan just as the public sector lender has reportedly written off businessman-turned-absconder Vijay Mallya’s loans running into crores of rupees.

Sudhakar, son of farmer leader Sunandamma, a resident of Pannedoddi village, Maddur taluk, appealed to the bank manager of Shivapura branch to waive his loan at the earliest.

Speaking to media, Sudhakar said, “When bankers can waive crores of rupees loans taken by Vijay Mallya, why can’t they waive loans taken by farmers. I have written to the bank asking to waive my Rs 7 lakh loan sanctioned during 2005-06.”

He said the bank officials were harassing him for Rs 4.91-lakh tractor loan, Rs 40,000 crop loan and other loans which are due since more than a decade.

Crop failure and drought, and now demonetisation, were adding misery to the trouble the farmers are already in.

 

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