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Saturday, November 30, 2013

Farmers' suicide: HC seeks reply from banks, govt

In the matter of suicides by farmers of Bundelkhand region in UP, theAllahabad high court has asked banks and other financial authorities to inform it about the steps taken to give relief to the farmers in pursuance of the Reserve Bank of India (RBI) guidelines.

Fixing January 6 for further hearing, a division bench comprising Chief Justice Dhananjaya Yeshwant Chandrachud and Justice Dilip Gupta asked the State Bank of India, Allahabad Bank and the Central and state governments to file their respective replies (counter affidavit) in the matter within four weeks.

The court also asked whether any scheme to provide relief to the farmers has been prepared or not in pursuance of guidelines of the Reserve Bank of India (RBI) issued in July 2010 and on July 1, 2013.

The plight of farmers of Bundelkhand region came to limelight through various newspaper reports. In astonishing revelations, some newspaper reports published that the farmers in Bundelkhand region are committing suicide on failure of payment of bank loan. This region had been worst affected due to frequent draught and economic backwardness.

Earlier, at one stage, the court had taken suo moto cognizance of the plight of farmers of Bundelkhand region of UP. Taking a serious note of the plight of farmers, the court had also stayed the recovery of loan from farmers in the area by its earlier order dated July 13, 2011.

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