Bank finance for agiculture - I

[k1jatrophaoils]

Its very interesting to read that people are there to get loans against properties for agri-business!
I want to know the answer for the following:-
1.If any Bank or Financial Institutions insist for a net asset of Five times or two times against the value of loan amount,what would be the fate of a farmer who fail to submit this obligation.
2.What is the guarantee that such loans are provided at a nominal interest say less than 8%per anum.
3.What is the Insuarance cover and who will bear the cost of IC expenses?
4.Why Agriculture is not recognised as a Industry which gets plenty of benefits in this country?
5.What is the security we have provided to WB and IMFs or any other FDI while securing loan?
If someone could give me a convincing answer,then I will accept that Indian govt and its Banking system towards Agri business is a genuine one.
May I hope so?
Bhadrinath.

[k1jatrophaoils]

Dear darshkam!
I accept your statement on the norms of both Nationalised Banks and Private Banks while taking up Advances.
The thing is How many Banks or any Institutions dispose such applicants in farm sector instantly.
One more thing,the Union or State Govts in this nation ever considered Agriculture a major area unlike the Defence,Popular schemes to attract Vote bank,IT,Communication besides the huge money looted in the name of MPs/MLAs funds.
I myself a victim in the hands of Banks who ot only failed understand the importance of agro based Industries but also corrupt officers indulging in caste based considerations while dealing with public funds in the name of Banks.
I will prove the other way once I complete the project without the help of Banks and most of the Banks are really not for true aspirants and succesful projects atleast in villages.
I may continue later on!!!!!
Bhadrinath.

[K ANANTHA NARAYANAN]

Dear friends,

There are farmers who have flourished with the help of Banks providing agricultural finances and there are farmers who have wilfully defaulted the Bank loans. We cannot generalise that corruption prevails all over the Banking sector.

True, the Government should have sympathy over the farmers. That is why many of the state governments provide free electricity for pumpsets of the farmers and I wholeheartedly support for its continuance.

There is no point in harping on the theme that everybody is corrupt.

One should understand the difficulties of Banks in recovering the Non Performing Assets, be it in Urban areas or Rural areas and we should evolve a flawless system for credit delivery to rural sector more to the small and marginal farmers.

But for the Public sector Banks, there would have been no GREEN REVOLUTION or the OPERATION MILK ( WHITE REVOLUTION).

Let us avoid generalisation while critising the Banks in credit delivery.

Let us use this forum for some useful discussion for helping the farmers in general and not for experessing personal vendetta against some officials whose views are yet to be heard.

Let us behave in a matured manner as this space is very valuabe and precious.

Thanks to everybody.
Yours truly,

K ANANTHA NARAYANAN
email id: ananthu47@yahoo.co.in
Mobile: 098420 76476.

[k1jatrophaoils]

Dear Anantanarayanan!
well, you seems to be more benefitted by few banking deals and its quite understandable with your land sales in Madurai and elsewhere!
Look!
Iam having enough proof and I do not want to list the Bank scams and the name of the corrupt officers here.
I know what is Banking and you need not conclude here with your own influence as if all farmers in this country are really well placed?
You have not seen the conditions of the farmers in certain states and certain Districts of TN other than Madurai town?
O.K. Please tell me what is the rationale behind free electricity?
Will it accrue some thousands/acre?
You admit that you are not a farmer! Yes. when there is a Pumpset then that land can not be called as a Irrigative one!
Some farmers like Devilal, Deve Gowdas, Mulayams are very right in perfoming assets! not a small or marginal farmer in WB,Orissa,and certain parts of AP and Tamilandu.
Except Tanjore,Coimbatore belt please tell me how many Districts in TN are full of fertile lands and its therefore, Industrialisation being extended up to Vellore on the one end and upto Tutiocorin towards the other end?
The NPA of SPIC is more than enough for your all praise about Green Revolution which encouraged the use of urea, and Phospates nothing else!
Most of the Paddy and grains are landed in TN from other states till today and your sudden affection towards Governance is quite noteable considering your personnel business of selling lands for Most nationalised corrupt Corporates!!!!!
Thanks for initiating a debate on corruption in Banks!
Now ,I will be placing some more incidents on the functioning of Banks and trust you will participate seriously!
Bhadrinath.

[k1jatrophaoils]

Here is my first missile to the supporters of corrupt Indian Banks!!!!
Farmers in Maharashtra have sold their kidneys to repay their loans!
Courtesy:failure of cotton seed crop!
This is what the National Human Rights Commission says.
Read this:-
www.nhrc.nic.in/disparchive.asp?fno=1152
Bhadrinath

[k1jatrophaoils]

Thank you sir!
I will also end this matter if you feel that Iam wrong in my approach in this subject.I also assure you that my charges are genuine at different levels though you may deny being a Retired Bank officer.
I exoerienced a lot with Banking and need not worry about your conclusions.You are free to support Nationalised Banks and that does not mean Iam wrong in my approach.
Thank you once more for judging me in one single issue.
Bhadrinath.

[k1jatrophaoils]

Here is one more For the patriots if Indian Banking association!
Its Parts of Maharashtra,AP.and Karnataka terribley hit by Cotton crop.
The Farmers are hanged rather when they could not repay their loans in time.
This is a lengthy debate,and I know Chairmen of Nationilised Banks nor Sharad Pawars are not the members in this forum to retract my submissions!
Yet,I should not hesitate to place the facts in this forum about the immatured activities of the persons responsible for the cause of deaths so far.
Read this article:
http://www.indianexpress.com/full_st...ntent_id=87391.
Genuine comments will be more helpful to poor farmers who continue to be in draught and flood borne areas in this country.Oh! There is no unity amongst farming community which is demoralised by few hooligans namely Pro-urban,Fake-comfort,Pure-corrupt politicians in the name of few progressive schemes while in power only to benefit the families of such leaders who brought such measures or to their own loyal benamis to accumulate wealth in the name of Agriculture.The great politicians who patronise a liquor barons to head a University, help them to be free after buying big Industries to convert them into Real estate, and sometime to provide residential quarters to few Banks too.Obviously the liquor baron is eyeing for a prominent place in key sectors like power,and now Biodiesel too! Can anyone guess the secrecy of liquor mafias in India?
They are one of the guys who destroy the farming society with Arrack and cheap liquor!Who knows! Vijay Mallaya may be a CM one day and Khodays may be his deputy! Similarly venkatachalams may become MPs along with Adikesavalus!!!!!
The all important gamble is its Money Power,or Muscle power that compells the real society to change one's life style and its one of the reason for suicidals when you go for borrowals!
If persons like Harshad Mehta and hi gangmen could make several thousands of crores overnite the Indian law and the Banks protected him!
When under worlds and mafias can run parellel economy in this country what the RBI and the other Banks have done to mionimise those irregularities?
Nationlised Banks write off several thousands of crores for various reasons and I admit here Banks are not controlled by CAG and that is the reason the Union Govt.is in hurry to allow few Kamaths to become brokers for Reliance and the same is not the apathy towards small and marginal farmers!
Bhadrinath.

[shailendra_0]

Hi friends,
It appears that we are discussing how banks are responsible for the current conditions of the farmers in India. Let me put a different perspective here about farmers.
1. The general India farmer land holding is such that he can merely survive. Officially small and marginal farmers are enttled for so called farm subsidies and loans, but please list a few genuine farmers who have got these benfits. I can list 100 so called farmers who did not deserve but are taking all benefits home.
2. The literacy rate in general among the farmers is so low that either they are not aware of the many benefits being offered thru govt. system or they are simply denied by the corrupt officials responsible for disbursement of such benefits.
3. Today the so called panchayati raj in few north & central Indian states is so corrupt that things just don't work
4. many NGOs who claim fame for lots of gooddies are just working in few small villages impacting a few families and making noise as if they are doing a lot of humanitarian work
5. The corruption can't just go away by writing on websites and venting out anger thrugh various means. Mostly we preach about not bowing to corrupt officials and ourselves do when ot comes to our time to avoid inconvenience & expected delays due to resistance.
6. Has someone looked at the land records being modified/ changed on behest of many large farmers to grab govt. owned land and illiterate farmers.
7. We normally look at symptoms and try to fix the problem. Lets look at systematically about the root cause of the issue and try to make some small change rather than expecting others to do all the work. :oops:

[k1jatrophaoils]

Is there any Indian Nationalised Bank which is ready to concede a farm loan without a Guarantee?
Is there any Bank in India which really encourage farming activities on merit?
Is there any Bank which dispose a loan application of a farmer without
1.Legal opinion.
2.The so called valuer's report
3.The fees towards loan amount
4.The Interest below 6%
5.The Insuarance cover to be borne by the farmer?
If someone could clarify my above points then,I agree that Indian Banks are honest in rendering justice to farmers!
Bhadrinath.
Its better to sell the land instead of hypothecating any agri lands to Corrupt Indian Banks.
Of course,I mean the Field officers who never sweat in the fields!!!!!!

[rajkacheria]

i m raj kacheria from mumbai i m a mech. eng and running a 150 acres farm at mangaon in maharashtra i have tried few projects in agriculture which cn work well in my area but the bank area asking for an arm and a leg as coletral and security for a bank loan of 10 lacs i have to give collatral of 200% that is i have to put 20lacs of security for ten lacs i wonder if i had that kind of money lying idle why wouold i go to the bank
regards
raj kacheria