Farmers urge government to simplify norms for agri loans
News

Farmers urge government to simplify norms for agri loans

May 6, 2019

Mysuru: Scores of farmers, under the banner of Karnataka State Sugarcane Growers Association, staged a demonstration in front of the DC’s  office here on Saturday, urging the Government to simplify the rules governing disbursal of farm loans.

Addressing the farmers, Association President Kurubur Shantakumar alleged that fresh loans were not being sanctioned by the Banks without registration of the land at the Sub-Registrar’s office, under the intimation that they are applying for loans.

Pointing out that this amounted to mortgaging the land for securing loans, Shantakumar wanted the Government to relax the norms as farmers are in distress with the new norms as it takes multiple visits to the Sub-Registrar’s office.

Maintaining that the earlier norms that entailed submission of Encumbrance Certificate should be continued to keep the loan disbursal exercise simple, he alleged that financial institutions were delaying the disbursal of fresh loans citing the model code of conduct.

Further alleging that the crop loan waiver announced by the State Government had not benefited a majority of farmers, Shantakumar demanded total loan waiver and payment of additional SAP price to sugarcane growers.

Association office-bearers Attahalli Devaraj, Somashekar, Hallikerehundi Bhagyaraj, Kiragasur Shankar, Varakudu Krishnegowda and others took part.

ABOUT

Mysuru’s favorite and largest circulated English evening daily has kept the citizens of Mysuru informed and entertained since 1978. Over the past 45 years, Star of Mysore has been the newspaper that Mysureans reach for every evening to know about the happenings in Mysuru city. The newspaper has feature rich articles and dedicated pages targeted at readers across the demographic spectrum of Mysuru city. With a readership of over 2,50,000 Star of Mysore has been the best connection between it’s readers and their leaders; between advertisers and customers; between Mysuru and Mysureans.

CONTACT

Academy News Papers Private Limited, Publishers, Star of Mysore & Mysuru Mithra, 15-C, Industrial ‘A’ Layout, Bannimantap, Mysuru-570015. Phone no. – 0821 249 6520

To advertise on Star of Mysore, email us at

Online Edition: [email protected]
Print Editon: [email protected]
For News/Press Release: [email protected]