Objection to Centre’s move to invoke SARFAESI Act to recover farm loans – The Hindu

Speaking to presspersons here on Monday, Mr. Malipatil, while recalling an incident in Bengaluru (Rural) district where the Act was invoked to recover loans given by a nationalised bank for floriculture and notices issued to a couple of farmers in Tumakuru and Kodagu, questioned the propriety of the Union government to invoke the provisions of SARFAESI Act for recovering farm loans at a time when the farm sector was in a deep crisis and farmers were battling to make both ends meet owing to several reasons, including vagaries of monsoon and natural calamities.

Source: Objection to Centre’s move to invoke SARFAESI Act to recover farm loans – The Hindu

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s