Ryot's suicide: Bank concedes demands; farmers call off stir
Mysore, Dec 15 (UNI) The efforts of Mysore District Deputy Commissioner N S Chennappa Gowda to bring about reconciliation between the farmers of KRRS and the ICICI Bank over paying compensation to the family of a farmer, who recently committed suicide, have yielded a positive result.
With the ICICI bank representatives agreeing to deposit Rs ten lakh in the name of Maramma, farmer Manjunath's mother, and the district administration, the farmers called off the stir being staged before the ICICI bank branches.
They were agitating since Monday demanding compensation to the family alleging the farmer had ''committed suicide'' last week, following ''efforts'' of the Bank to recover loans by force.
Mr Gowda recommended the government to pay Rs one lakh as compensation to the family of Manjunath, hailing from Hosapuara in Nanjangud taluk.
As per the reconciliation pact with V Madivannan, senior general manager of ICICI Bank, Mumbai, the Bank would return the documents relating to the farmer's land obtained as security for the loan.
The Bank would, after the completion of a police inquiry, return the tractor which was impounded due to failure in loan remition. The bank would comply with the recommendations of the RBI team, which was probing the alleged suicide, in the matters of penalties.
Stating
that
there
was
''no
fault''
on
the
part
of
the
Bank,
Mr
Madivannan
told
reporters
that
fine
would
be
paid
to
the
family
instead
of
compensation.
''If
it
is
established
that
the
farmer
committed
suicide
due
to
the
bank's
fault,
the
bank
would
pay
fine
decided
by
the
government.
Rs
ten
lakh
will
be
deposited
in
the
name
of
his
mother.''
He
said,
''the
bank
does
not
engage
goondas
for
loan
recovery.
It
has
365
agencies
with
35,000
agents
assigned
for
the
purpose.''
UNI