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‘Anti-farmer’ policies of banks decried

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H.D. Deve Gowda
H.D. Deve Gowda

Staff Correspondent

HASSAN: The former Prime Minister H.D. Deve Gowda has regretted that farmers do not get good prices for their produce and that nationalised banks hesitate to give them crop loans.

Addressing a gathering after inaugurating the Primary Land Development Cooperative Bank in Mosale Hosahalli village in Holenarsipur taluk on Thursday, he said banks did not come forward to give crop loans to farmers even if they offered their land as collateral because “agriculture was not a profitable venture”. On the one hand, farmers did not get loans from banks, and on the other, they did not get benefits offered by government schemes either.

Now, the Government had said that banks could register farmland in their names if the defaulter’s property was not sold in an auction. He said that in Hassan 38,600 farmers grew potato, but only 3,700 had been given crop loans. This had forced farmers to borrow from moneylenders to purchase seeds and fertilizers, leading to financial ruin due to crop loss.

Mr. Gowda said that blight had destroyed the potato crop last year, but nothing had been done for the farmers’ welfare. Finally, the Centre promised to pay them compensation of Rs. 800 an acre, but that too had not materialised.

He regretted that administrative decentralisation was not successful in the country and that the common man had to suffer as a result.

Zilla panchayat president C.N. Balakrishna, the former MP H.K. Javare Gowda and Hassan District Central Cooperative Bank president Patel Shivaram were present.

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