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The Current Scenario English News Paper

Power of Youth Power of Nation

State Bank of India freezes farmers’ accounts, leaves farmers desperate, forced recovery in drought conditions

ByTheCurrentScenario

Jan 19, 2024
Bank

Gangakhed (Anil Shete) State Bank of India should investigate the fact that crop loan defaulters in Gangakhed and the taluk have been mutually restructured. Farmers demand that this year’s drought not be used for extortion and the savings account levy be lifted. Due to the freezing of previous accounts by the State Bank of India, farmers with outstanding crop loans have been deprived of access to crop insurance and are not able to withdraw funds collected under the Pradhan Mantri Kisan Yojana, including a subsidy of Rs 6,000 per year. We are continuously seeing disturbing behavior from banks towards farmers. The bank is refusing to give money to the farmers because they do not have the right to stop the Pradhan Mantri Kisan Yojana.

Farmers have made such complaints. The farmers have demanded that the Tehsildar pay the amount. Since the burden of outstanding loans is seven times higher, farmers will have to bear this burden one day at a time. Farmers have to suffer the consequences of the closure of savings accounts due to crop loan defaults. Farmers have put a stop to the closure of accounts. Farmers, who are already facing financial crises due to not being able to do online transactions, ATM transactions, etc., are facing more problems due to bank rules. Parbhani District Representative Anil Shete Mob. 9130950008

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