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Farmers Allege Banks Deny Fresh Crop Loans in Beed Despite Government Assurances
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CNBC TV18•05-10-2026, 21:41
Farmers Allege Banks Deny Fresh Crop Loans in Beed Despite Government Assurances
- •Organisations representing farmers claim 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.
- •Leader Rajendra Amte alleged that countless farmers are denied credit just for acting as loan guarantors for others.
- •Farmers submitted a formal memorandum to the Beed District Collector demanding immediate administrative intervention.
Key Questions Answered
Banks are denying fresh crop loans on grounds such as mobile phone installment defaults or because farmers stood as guarantors for someone else's loan.
Farmers submitted a formal memorandum to the Beed District Collector on Monday, demanding immediate administrative intervention to stop coercive and obstructive banking practices.
Revenue Minister Chandrashekhar Bavankule took a stern stance and ordered direct action against banks that avoid or delay providing loans to farmers.
