After eight farmer suicides in two months, Kerala authorities have declared the chief alleviation for farmers throughout the state, mainly for the flood-affected farmers in Idukki and Wayanad.
Moratorium on loan recovery complaints has been prolonged until December 31, and Kerala State Debt Relief Commission has been asked to do not forget debt remedy for Wayanad and Idukki farmers who had taken loans until August 31, 2018, the month the deluge devastated agricultural lands. Eight of the seven dead inside the remaining months have been farmers from Idukki.
The one-12 month’s moratorium on farmers’ loans introduced inside the wake of the August floods has been prolonged until December 31. “This isn’t for agricultural loans alone, but all types of loans taken by farmers,” leader minister Pinarayi Vijayan said at some stage in his publish-cabinet briefing in Thiruvananthapuram on Tuesday.
The suggestions of the State Debt Relief Commission, fashioned in 2006 after a spate of farmer suicides across Kerala, has been dramatically relaxed. Besides imparting essential succor to Idukki and Wayanad farmers, farmers in other districts, too, will stand to benefit. As according to the prevailing tips, except for Wayanad, the fee’s cut-off date for considering debt comfort was loans taken till October 31, 2011. For Wayanad district by myself, it changed into March 31, 2014. Now, March 31, 2014, is the new restriction the fee has been asked to set for all districts, besides Wayanad and Idukki for which the new limit is August 31, 2018. “This means that the commission can offer alleviation to farmers in Wayanad and Idukki who had taken loans simply earlier than the floods,” a senior fee professional stated.
The commission has additionally been asked to be more generous. As it stands, the commission will pay seventy-five percent of the reimbursement quantity if it is Rs 50,000 or less. Anything above Rs 50,000, the fee can spend only 50 according to cent issue to a maximum of Rs 1 lakh. The leader minister stated the top restrict now been pushed as much as Rs 2 lakh.
This isn’t all. Up to 9 in line with a cent of the interest for the new loans taken for lengthy-time period vegetation like espresso, rubber and coconut can be furnished from the leader minister’s remedy fund. This advantage will be supplied for one year from the time of taking the mortgage. The repayment for crop loss, too, has been upped one hundred in step with cent from the ranges fixed in 2015. For example, the compensation for areca nut has been expanded to Rs three hundred from Rs a hundred and fifty, for cocoa and coffee it’ll be two hundred from Rs one hundred, for pepper, it might be Rs 150 from Rs seventy-five and for cloves it might be Rs two hundred from Rs one hundred. The repayment for cardamom will now be Rs 25,000 from Rs 18,000 a hectare. The chief minister said Rs 85 crore would be urgently sanctioned for crop losses.
The leader minister said the new comfort measures would be except the single bundle announced for Wayanad and Idukki districts and additionally for Kuttanad place.