Paddy growers prepare for stir as banks refuse loans against PRS
As per estimates, around 7,000 paddy farmers in Kottayam district alone are awaiting payments for the paddy procured during the current season. The total dues are estimated at approximately ₹81 crore.
Minister's assurance
Despite assurances from Food and Civil Supplies Minister G.R. Anil that the PRS payment issue will be resolved, farmers say banks are still refusing to accept their receipts. While the State Bank of India (SBI) is accepting PRS, it has only sanctioned loans against sheets dated up to March 31. Meanwhile, Canara Bank has reportedly withdrawn from the scheme altogether, allegedly demanding a hike in interest rates.
'Farmers have been waiting for their payments for over a month. Canara Bank has not accepted a single PRS this season. This is the first time a bank has completely opted out of the scheme,' said V.J. Lally, patron of the Nelkarshaka Samrakshana Samithi, a collective of paddy farmers.
PRS loans effectively serve as advance payments for paddy procured by the government. The delay in issuing these loans is severely affecting preparations for the next cultivation cycle in the region. Although authorities had earlier proposed involving Kerala Bank in the PRS loan scheme, no action has followed in this direction.
Taking note of the mounting crisis, the Kerala Congress has announced an indefinite protest. Party chairman P.J. Joseph has urged the State government to immediately release ₹100 crore as payment for paddy collected from various padasekharams (polder networks) in Upper Kuttanad.
'This prolonged delay is pushing farmers into deep distress. It's high time the State and Central governments implement practical and lasting solutions to the recurring crises in paddy procurement and stock reservation,' Mr. Joseph said.
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