Vasan urges T.N. govt to remove hurdles in cooperative farm loan access
Tamil Maanila Congress (Moopanar) president G.K. Vasan on Wednesday urged the State government to take immediate steps to ensure that farmers have seamless access to agricultural loans through cooperative banks without any unnecessary conditions.
In a statement, Mr. Vasan said farmers are already suffering with losses due to natural disasters, labour shortages and rising input costs. Because of such economic hardships they are forced to take loans. However, when they approach cooperative banks for farm loans, they are being denied or delayed due to several criteria such as outstanding loans and low CIBIL scores, he said.
Highlighting their plight, farmers have requested that agricultural loans be provided through the cooperative sector without any restrictions, Mr. Vasan said, urging the State government to act swiftly and ensure seamless access to farm loans.
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