Suspend collection of payment over agricultural loans; waive off loans: Vasan urges T.N. Government
G.K. Vasan, president of the Tamil Maanila Congress, has called on the Tamil Nadu government to suspend the collection of agricultural loan payments until the loans are waived. This request comes after farmer associations expressed concerns about the impending deadline for loan repayments, which could lead to high interest rates. Vasan emphasized the need for the government to support farmers by waiving loans unconditionally.
- ▪G.K. Vasan urged the Tamil Nadu government to suspend loan payments for farmers.
- ▪Farmer associations have requested the suspension until loans are waived.
- ▪The deadline for interest-free loan repayments is approaching, risking high interest rates.
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| Publication time | Sun, 17 May 2026 11:53:05 +0530 |
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Tamil Maanila Congress (Moopanar) president G.K. Vasan on Sunday (May 17, 2026) urged the Tamil Nadu government to suspend the collection of payments over agricultural loans from farmers until the loans are waived. His statement follows representation from farmer associations calling for suspension of collection of payments over agricultural loans until they are waived.“When announcing loan waivers, the government usually suspends the collection of payment over loans till it verifies the eligibility and documents of beneficiaries. The deadline for farmers to pay back loans without interest is about to end. After the deadline, they will be forced to make the payment with an interest of 13%,” Mr.
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