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Unable to repay loan, farmer allegedly commits suicide in TN

| | Apr 17, 2016, at 06:25 pm
#Tamil Nadu # Farmer commits suicide # Farmer pesticide # Farmer loan repay
Chennai, Apr 17 (IBNS): A 65-year-old farmer in Coimbatore, who had borrowed 70 lakh rupees from a nationalised bank, committed suicide on Saturday.
The farmer allegedly died after consuming pesticide.
 
According to reports, the victim, identified as Ramasamy, had taken the loan to set up a farm for cultivation of capsicums and tomatoes.
 
He had repaid around Rs. 6 lakh which he borrowed from private lenders.
 
His family has alleged that the bank authorities backtracked on a 50 per cent subsidy and asked him to repay the entire loan.
 
His son told mediapersons that he was under stress and therefore committed suicide.
 
Police said no suicide note was found though.

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