Stay clear of revenue recovery measures: Minister

Call for farmer-friendly approach by banks amid COVID-induced crisis

Call for farmer-friendly approach by banks amid COVID-induced crisis

Financial institutions including Kerala Bank in Wayanad district should stay away from revenue collection action on loans made by farmers citing the Securitization and Reconstruction of Financial Assets Act and enforcement interest on securities (SARFAESI), said the Minister of Agriculture P. Prasad.

Addressing a review meeting here on Saturday, Mr Prasad said at a time when the farming community was facing a crisis due to the pandemic, banks should take a farmer-friendly approach. Institutions should find alternative means, instead of seizing assets, the minister said.

The government plans to run a ranking system for all Krishi Bhavans based on farmer welfare interventions by each Krishi Bhavan as part of setting up a farmer-friendly Department of Agriculture, said said Mr Prasad, adding that ‘Njangalum Krishiyilekku’, a campaign by the department to attract more people to vegetable farming, would be the slogan of every household in the state, the minister said. The project envisions the establishment of vegetable gardens on all farms and the formation of at least 10,000 farmer groups in the state.

The Minister also inaugurated “farmwinn.com”, a website of Wayanad Innovative Farmer Producer Company (WINFARM), an agricultural producer company engaged in manufacturing value-added products from agro-climatic fruits and vegetables. Father Joseph Thomas Therakom, president of the society, presided over the ceremony.

Comments are closed.