Punjab agri bank to sell land of 12k defaulter farmers in 6 dists

SANGRUR: Hardening its stand against defaulters, the Patiala division of the Punjab Agriculture Development Bank (PADB) has prepared a list of 12,625 farmers in six districts whose agriculture land it intends to sell to recover pending dues estimated at Rs 229.80 crore.

Punjab agri bank to sell land of 12k defaulter farmers in 6 dists

This comes amid a demand by various farmers’ organisations in the state to waive loans of all debt-trapped cultivators. File

editorial@tribune.com

Parvesh Sharma

Tribune News Service

Sangrur, July 17

Hardening its stand against defaulters, the Patiala division of the Punjab Agriculture Development Bank (PADB) has prepared a list of 12,625 farmers in six districts whose agriculture land it intends to sell to recover pending dues estimated at Rs 229.80 crore. This comes amid a demand by various farmers’ organisations in the state to waive loans of all debt-trapped cultivators.

Also, the PADB authorities are preparing to take 19,758 farmers to court to recover an amount of Rs 342.12 crore. These initiatives are bound to see the bank and farmers’ unions at loggerheads. Bharti Kisan Union (Ugrahan) has already announced it will fight the move tooth and nail.

“We will not allow the sale of land. Punjab Chief Minister Capt Amarinder Singh must fulfil his promise and waive all loans,” said an agitated Sukhdev Singh Kokri Kalan, general sectary of the union.

The bank’s Patiala division comprises Patiala, Fatehgarh Sahib, Ropar, Barnala, Sangrur and Ludhiana districts.

“We have procured 109 arrest warrants. Twenty-eight farmers have been arrested already and a sum of Rs 70.79 lakh recovered from them,” said a senior bank officer after a meeting here.

Sources said the recovery this rabi season had reached 26.74 per cent (Rs 154.67 crore) of the total outstanding amount of Rs 578.42 crore — more than double of last year’s figure of 12.51 per cent (Rs 59.10 crore) of the outstanding dues estimated at Rs 472.34 crore. “We owe our success to Co-operation Minister Sukhjinder Singh Randhawa,” bank’s senior officer Rajnish Bansal said. The minister could not be reached. His PA Krishan said: “He is busy for the day.”

Top Stories

Centre to introduce Bill in Lok Sabha Monday to repeal contentious farm laws

Centre to introduce Bill in Lok Sabha on Monday to repeal contentious farm laws

The Bill says although ‘only a group of farmers are protesti...

Samyukt Kisan Morcha postpones its Parliament march scheduled for November 29

Samyukt Kisan Morcha postpones its Parliament march scheduled for November 29

The SKM will review the further course of action at its next...

Centre agrees to farmers’ demand of decriminalising stubble burning: Agriculture Minister Narendra Tomar

Centre agrees to farmers demand of decriminalising stubble burning; panel to discuss MSP and other issues

Demands of MSP and crop diversification being discussed, sai...

Amid fears of new Covid variant, PM to chair meeting on situation relating to Covid and vaccination

PM briefed about new Covid variant; asks officials to review plans to ease international travel restrictions

At a meeting to review the Covid situation, Modi was briefed...

Two cases of coronavirus Omicron variant detected in Britain

Two cases of coronavirus Omicron variant detected in Britain

Four more African countries added to Britain’s travel red li...

Cities

View All