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No move to sell land of loan-defaulter farmers: Punjab Minister
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IANS | 20 Jul, 2018
Punjab Cooperation Minister Sukhjinder Singh Randhawa on Thursday said
that there is no move or intention to sell the land of farmers to
recover dues by the State Agriculture Cooperative Bank.
"Initiating
legal action against defaulters is a routine practice in all banks.
This bank has also been following it and sending notices to defaulters
for the recovery. But it does not mean that the bank eventually intends
to sell their land," Randhawa said in a statement here.
There were reports that the cooperative bank was planning to sell the land of farmers who had failed to repay their loans.
Accusing
the opposition Shiromani Akali Dal of playing politics, Randhawa said
that even during previous SAD-BJP government rule, legal notices were
sent to farmers to sell land and arbitration proceedings initiated
against defaulters.
"As on January 31, 2016, before this
government took over, sale action was already underway against 30,794
defaulter farmers and arbitration proceedings to secure arrest warrants
of defaulters were initiated against 41,745 defaulter farmers of all the
89 PADBs in Punjab," Randhawa said.
He added that out of 23
defaulter farmers whose land was auctioned and purchased by the PADBs
themselves and still stands in the name of these banks.
He said that in 20 cases, the land was auctioned during the Akali regime.
"Land of not a single farmer has been sold by the bank since March 2017," Randhawa added.
"The
bank primarily effects recovery by way of persuasion and never harasses
a farmer in distress. But there are many wilful defaulters who in spite
of various efforts and ample time given to them have not bothered to
repay loan instalments even when they have the capacity to repay," he
said.
"It is evident from the fact that the bank had Rs 1,363.87
crore outstanding against 71,432 farmers as of February 1. Of these, the
bank has effected recovery of Rs 194.74 crore from 16,469 farmers till
June 30, and not sold the land of even a single farmer," the Minister
added.
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