• search
For Quick Alerts
For Daily Alerts

Bank holds sit-in protest against farmers not repaying loans

By Nairita Das

Akola (Maharashtra), Aug 11 (ANI): The Land Development Bank in Maharashtra's Akola District staged a sit-in protest in front of the houses of several farmers who have defaulted on loan repayments.

The bank has suffered to such an extent that salaries of employees have not been paid.

The bank is not even in a position to start revenue recovery from farmers during the monsoons.

"We have to recover dues, specially from the farmers who are financially secure and can easily pay loans, but are not doing so," said R. N. Mishra, a revenue recovery officer of the bank, on Wednesday.

The Central Government had recently said it would give banks 48.68 billion rupees to compensate them for offering cheap loans to farmers. By Ravi Pati (ANI)

For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more