Do not harass farmers to recover loans SC warns banks

July 10, 2017 0 Comments

Financial institutions should not resort to coercive action for recovery of loans from farmers in case of crop failure and the government should intervene in such cases, the Supreme Court said. The apex court said the governments approach should be preventive rather than compensatory and it should travel the last mile to reach out to the farmers. The remarks were made by a bench of Justices Dipak Misra and A M Khanwilkar while dealing with a PIL filed by farmers from Tamil Nadu.