Bengaluru, Nov 5: With arrest warrants issued to nearly 180 farmers in Belagavi district by a Kolkata court after they had availed farm loans from private sector Axis Bank and defaulted over repayment evoked state-wide protests from farmers in Karnataka.
Farmers belonging to various organisations today picketed in front of Axis Bank Branches across the state and demanded intervention of the State government and warned that the Bank will not be let to operate in Karnataka if it continued with it’s anti-farmer policies.
The Bank had brought arrest warrants against 180 farmers in Belagavi district who had taken loans during the last three years but defaulted, due to reasons including drought.
Chief Minister H D Kumaraswamy has asked the District Deputy Commissioners to make sure that the Bank did not further proceed with the issue and arrive at an amicable settlement with the borrowers.
In a shocking incident for the farmers in this North Karnataka district a Kolkata Court had issued arrest warrants against the 180 farmers for defaulting repayment of loans after they had signed blank cheques before availing advances towards farm loan, funds for purchasing farm equipment and other accounts. UNI