Staff Reporter

‘Asking agriculturists to pay 75 per cent of the outstanding unacceptable’

They want the repayment portion of the loan to be brought down to 50 per cent

Seek increase in milk procurement price

ERODE: Farmers affiliated to Tamizhaga Vivasayeegal Sangam have sought complete waiver of farm loan interest.

In a press meet, K.C. Rathinasamy, president of the farmers association, said the Union Government’s 2008 Budget announcement waiving farm loans did not cover interest, which they wanted.

As for big farmers repaying loan, he said the present condition asking farmers to pay 75 per cent of the outstanding amount to be eligible for a 25 per cent waiver was unacceptable.

He wanted the Government to bring down the repayment portion to 50 per cent and also allow such repayment in instalments.

Mr. Rathinasamy said the farmers’ demand follows the failure of banks to provide complete loan waiver, as only 15 per cent of the farmers had availed of the 25 per cent waiver. He also sought increase in scale of finance the banks offer as agriculture loan for various crops.

The farmers’ leader demanded Rs. 60,000 an acre to cultivate banana, turmeric, Rs. 35,000 for sugarcane, Rs. 25,000 for paddy, maize and gingelly and Rs. 15,000 for tapioca.

He also sought increase in milk procurement price by Rs. 6 a litre for buffalo milk and Rs. 4 for cow milk.

Farmers’ association leaders E.R. Kumarasamy, V.M. Velayudham, A. Mohan, T. Subbu, Thalapathy and others were also present.