Wednesday, August 3, 2011

Farmers denied loan waiver, move Gujarat high court

A division bench of the Gujarat high court on Monday issued notices to the State Bank of India (SBI), Reserve Bank of India (RBI) and the Union government in the matter of giving some farmers the benefit of agricultural loan waiver. A group of farmers from Idar taluka of Sabarkantha district had approached the high court because the local SBI branch had issued them notices for payment of their loan with interest. In their petition, the farmers had alleged that the bank was charging them high interest despite the fact that they were eligible for loan waiver under a scheme for farmers introduced by the Centre in 2008. The petitioner farmers had taken agricultural loan from2004 to 2007.
DNA

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