‘Lending agencies will not be allowed to sell farmers’ land’
Thursday, 30/03/2017
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Chandigarh : Punjab Chief Minister Amarinder Singh on Wednesday said that lending agencies, including banks will not be allowed to sell land of farmers for not re-paying the loans. Making an assurance to this effect on the floor of the House, he said: “The government has decided not to allow banks to sell farmers’ land for not re-paying loans.” He said that necessary directions on the issue of pending farm loans have been sent to the banks. Singh said that the government will enact a new legislation to prohibit auction of farmers’ land by the lending agencies in case of default.
Issues of CONCERN
Lending agencies, including banks will not be allowed to sell land of farmers for not re-paying the loans.
Former minister Bikram Singh Majithia alleged that officials of banks are harassing the farmers for not re-paying the loans.