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June 26, Tuesday 2018 12:41 AM       

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       KERALA Next Article: Shuhaib murder: Govt went for appeal to protect real culprits, says Hassan  
       Moratorium will be considered for farmers struggling to pay back loans: CM
 
         Posted on :18:35:11 Mar 14, 2018
   
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       Last edited on:18:35:11 Mar 14, 2018
         Tags: Moratorium, CM
 

THIRUVANANTHAPURAM: Chief Minister Pinarayi Vijayan has said the government will consider declaring moratorium if it is convinced that farmers are struggling to repay loans taken from cooperative banks.

“The government has a very sympathetic approach to farmers’ issues. The government will not support any attempt to confiscate farmers’ land or mess up their life. Usually during the month of February-March, all banks will announce loan waiver schenmes to help famrers who defaulted loan repayment for years. This is done at ban’s discretion and the government doesn’t make any suggestion on itnot due to the instruction,” the chief minister said.

The chief minister said that the paddy and coconut are receiving fair price now. There has also been an increase in the price of natural rubber. The low returns, rice in the price of manure and other things due to Centre’s policy, fall in prices due to import have affected the farmers

Chief Minister Pinarayi Vijayan said that the Government is planning to exempt agricultural land of small farmers from revenue recovery. He moved a motion in the State legislature to this end, seeking changes to the Revenue Recovery Act in Kerala. A plea to make necessary changes to the SARFAESI Act was also made to the Central government. The exemption will be for land given as collaterals for loans up to Rs. Five Lakhs. The proposed legalisation will cover collaterals of up to One Acre in rural areas, 50 Cents in urban centres and houses of single home owners up to 1000 square feet.

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Next Article: Shuhaib murder: Govt went for appeal to protect real culprits, says Hassan
 
 
KERALA HEADLINES
Woman kills brother, 3 friends by mixing poison in curry  
Threat against CM: Malayli NRI brought to Kochi  
Bullets recovered from Nedumbassery traveller  
Film lords should repent for expulsion of Tilakan from AMMA: Aashiq Abu.  
Students hospitalised after food poisoning  
No clue about Jasna; Govt says investigation is going on  
Decision to take back Dileep in AMMA, a challenge to Justice System: WCC  
Thalassery Nikhil murder: Life term for five CPM workers  
Heart attack: Captain Raju hospitalised  
No appointment for conductors who got PSC advice memo  
Two-year-old fatally knocked down by train  
PMO is not a place where one can go whenever felt, says Rajagopal  
Dileep back in AMMA  
Union Minister should show some decency, says Minister Sudhakaran  
E Sreedharan to chair panel  
Mohanlal to lead ‘AMMA’  
V K Rajagopal’s Sabarimala appointment cancelled  
Bid to sabotage probe against ADGP’s daughter  
Pinarayi slams Goyal on Kanjikode coach factory  
Son brutally beats mother  
Body of youth missing after Argentina’s defeat found  
Fish preserved in formalin seized  
B Sujatha Devi Passes Away  
Police driver says he was pressurised to withdraw case  
Chance for heavy rain; Fishermen warned  
 
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