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BIJNOR: A co-operative bank has sent out notices to over 5,000 farmers in Uttar Pradesh’s Bijnor district for allegedly defaulting on loan payments, a precursor before the lender seizes the agricultural lands the growers had mortgaged, reports Harveer Dabas. According to UP Sahkari Gram Vikas Bank, as many as 5,116 farmers owe around Rs 32 crore to it. Assistant registrar of the bank Amit Tyagi said, “There are 5,116 defaulters who had taken loans. The bank has served notices to them.”
A look at these farmers’ profile revealed that most of these “defaulters” are sugarcane growers. And for the last several months, they have been waiting for the sugar mills to clear their dues. Officials said that the mills are yet to pay Rs 350 crore to farmers for the previous season’s crop they had purchased. When asked about this season’s payments, the mills said they are yet to calculate it due to the delay in the announcement of State Advisory Price (SAP).