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Pakissan.com;
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LHC asks bank to go easy on poor farmers
LAHORE, May 14 Justice Tasadduq Hussain Jilani of the Lahore High Court (LHC) ordered on Thursday an end to the use of coercive measures against farmers of Pakpattan and Arifwala for the recovery of small agriculture loans – between Rs 5,000 to Rs 20,000 – obtained from the Punjab Cooperative Bank.
The court was hearing a petition by 750 farmers, who had asked the court to be treated in the same manner as farmers who obtained small agriculture loans from Agriculture Development Bank Punjab in 2001-2002.
The petitioners said that in 2002, the government had declared their area as calamity-hit and a Presidential Relief Package was announced to settle the loans between Rs 5,000 to Rs 20,000 and to give relief of mark-up on loans of Rs 0.1 million.
They said the ADBP acted as per the package but the Punjab Cooperative Bank did not do so with respect to its small loans and was now persecuting the farmers to recover its loans despite knowing that their crops had failed that year.
The court ordered the general manager of the Punjab Cooperative Bank to decide the matter within three weeks and not to use coercive measures against the petitioners for loan recoveries.
Courtesy Daily Times |
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