Banks not to take coercive steps against farmers, says SC
By Team Legistify / 2017-07-09

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Financial institutions should not resort to coercive action for recovery of loans from farmers in case of crop failure and the government should intervene in such cases, the Supreme Court said today.

The apex court said the government’s approach should be preventive rather than compensatory and it should “travel the last mile” to reach out to the farmers.

The remarks were made by a bench of Justices Dipak Misra and A M Khanwilkar while dealing with a PIL filed by farmers from Tamil Nadu.

“Financial institutions should not resort to coercive action for recovery of loans from farmers in case of crop failure. Government should step-in if there is any coercion,” the bench said.

The apex court said that government’s job is to prevent farmer’s suicides and not to distribute compensation.

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