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Tag: loan defaulter

What is kurki, and why is it a big issue in Punjab?

What is kurki, and why is it a big issue in Punjab?

Kurki means attachment of a farmer’s land, already pledged to the money lending institution or individual, in case of a loan default. A 65-year-old farmer, Balwinder Singh, died by suicide outside the office of the Muktsar DC on August 29. He had been sitting on a dharna outside the administrative complex against kurki orders for […]Read More

AAP govt wants Centre to take Punjab farmers out of debt trap; demands one-time debt waiver

AAP govt wants Centre to take Punjab farmers out of debt trap; demands one-time debt waiver

The government has also urged the centre to include Artificial Intelligence to increase efficiency in agriculture As the farming community in Punjab continue to face economic distress, the ruling Aam Aadmi Party (AAP) government wants the BJP-led government at the Centre to take the farmers of the State out of the debt trap, and promote […]Read More

88% of Over 9,000 Punjab Farmers Who Died by Suicide in 18 Years Were Debt-Ridden: Study

88% of Over 9,000 Punjab Farmers Who Died by Suicide in 18 Years Were Debt-Ridden: Study

The Panjab Agriculture University study examined deaths by suicide among farmers between 2000 and 2018 in six districts of the state. As many as 9,291 farmers died by suicide between 2000 and 2018 in six districts of Punjab, a Panjab Agriculture University (PAU) study published in the latest edition of Economic and Political Weekly has revealed. The […]Read More

Arrest warrants reach loan defaulter farmers’ homes; Cheema blames previous Congress govt

Arrest warrants reach loan defaulter farmers’ homes; Cheema blames previous Congress govt

Senior officials at Punjab’s finance and cooperation ministry said that around 70 per cent — or 60,000 in absolute numbers — farmers were chronic defaulters of cooperative and Punjab agriculture development banks who had not repaid a penny in the past 3 years. Around 2,000 farmers who defaulted on their loans have been served arrest […]Read More

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