Banks deny loan waiver benefits to farmers

Mahabubnagar : Over 50 farmers from Gummadam village in Pebbair mandal, Wanaparthy district, staged a protest at the Gummadam Rythu Vedika on Saturday, demanding the immediate waiver of their agriculture loans as promised by the government.

The farmers, who had taken loans up to Rs 2 lakhs from the Andhra Pradesh Grameen Vikas Bank after 2023, expressed their frustration over the government’s failure to fulfil its loan waiver promise. They accused bank officials of denying them the benefit by citing various technical issues, such as non-updated Aadhar cards, missing ration cards, and unsubmitted land passbooks.

One of the protestors, Nenavath Kishan Nayak, voiced his anger, stating, “The bankers are providing false reasons to exclude us from the loan waiver list. If our documents were incomplete, how did they grant us the loans in the first place? We submitted everything as required, yet now they’re trying to avoid giving us the benefits promised by the government.”