Summary:
The loan, taken on signing of a mortgage deed, should have been repaid in three years. The petitioner said that Mr.
Balamuthu had taken a crop loan for banana cultivation and propping (of banana trees) of ? 2 lakh in May 2009 but had not repaid the loan as per the terms of the loan agreement. more-inAmidst the clamour for waiver of crop loans sanctioned by public sector banks, the receipt of summons from a sub-court by a few farmers here based on lawsuits filed by State Bank of India, seeking recovery of crop loan dues, has raised the hackles of farmers in Tiruchi district. The move by SBI raised a furore at the monthly agricultural grievances meeting here on Friday, with farmers condemning the bank’s action. Waving copies of the summons, farmer representatives of various associations resorted to a brief dharna at the meeting venue, forcing Collector K.S..