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Banks Deny Fresh Crop Loans in Beed Despite Government Assurances
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News18•05-10-2026, 21:00
Banks Deny Fresh Crop Loans in Beed Despite Government Assurances
- •Farmer organizations allege that banks in drought-hit Beed district are refusing to issue fresh crop loans.
- •A public bank branch reportedly denied a loan because a farmer defaulted on two mobile phone instalments.
- •Farmers claim seasonal credit is being withheld merely for standing as loan guarantors for others.
- •Agriculturists submitted a memorandum to the Beed District Collector demanding immediate administrative intervention.
Key Questions Answered
Banks are denying fresh seasonal credit to agriculturists on minor grounds, such as a farmer defaulting on mobile phone instalments or having stood as a guarantor for someone else's loan.
Farmers submitted a formal memorandum to the Beed District Collector on Monday, demanding immediate administrative intervention to halt coercive and obstructive banking practices.
The Maharashtra government provided assurances that agriculturists in drought-hit areas would not face any harassment regarding fresh crop loans.
