<p class="title">The government should scrap the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, as it is detrimental to farmers, said the Taluk Coffee Planters’ Association.</p>.<p class="bodytext">Addressing reporters here on Wednesday, association president Mohan Bopanna said that the commercial banks serve an intimation letter after 60 days of the due date of agricultural loan repayment.</p>.<p class="bodytext">Later, without giving any notice, they can auction the properties belonging to the farmers. This will bring the families of farmers to the streets, he added.</p>.<p class="bodytext">“There is a nexus between the land mafia, banks and the middlemen. In the auction, the agricultural lands will be purchased at a low price and will be converted for other commercial purposes. As a result, there will be not enough agricultural produce, further resulting in scarcity of food,” felt Mohan Bopanna.</p>.<p class="bodytext">He further said that the growers have experienced losses due to natural calamities and Covid-19.</p>.<p class="bodytext">Commercial banks have been using SARFAESI Act to recover the loans from farmers. The banks should postpone the recovery of loans, considering the pathetic condition of farmers, he said.</p>.<p class="bodytext">Taluk Coffee Planters’ Association vice president B M Lava said that the coffee and pepper have been withering due to excessive rainfall. The wild animals too are destroying crops.</p>.<p class="bodytext">The state government should announce a compensation of Rs 1 lakh per hectare, he added.</p>.<p class="bodytext">Association office-bearers S C Prakash, B G Poovamma, S B Yashwanth were present.</p>
<p class="title">The government should scrap the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, as it is detrimental to farmers, said the Taluk Coffee Planters’ Association.</p>.<p class="bodytext">Addressing reporters here on Wednesday, association president Mohan Bopanna said that the commercial banks serve an intimation letter after 60 days of the due date of agricultural loan repayment.</p>.<p class="bodytext">Later, without giving any notice, they can auction the properties belonging to the farmers. This will bring the families of farmers to the streets, he added.</p>.<p class="bodytext">“There is a nexus between the land mafia, banks and the middlemen. In the auction, the agricultural lands will be purchased at a low price and will be converted for other commercial purposes. As a result, there will be not enough agricultural produce, further resulting in scarcity of food,” felt Mohan Bopanna.</p>.<p class="bodytext">He further said that the growers have experienced losses due to natural calamities and Covid-19.</p>.<p class="bodytext">Commercial banks have been using SARFAESI Act to recover the loans from farmers. The banks should postpone the recovery of loans, considering the pathetic condition of farmers, he said.</p>.<p class="bodytext">Taluk Coffee Planters’ Association vice president B M Lava said that the coffee and pepper have been withering due to excessive rainfall. The wild animals too are destroying crops.</p>.<p class="bodytext">The state government should announce a compensation of Rs 1 lakh per hectare, he added.</p>.<p class="bodytext">Association office-bearers S C Prakash, B G Poovamma, S B Yashwanth were present.</p>