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Tamil Nadu: Another farmer commits suicide over failure to pay loan

Speed News team | Updated on: 17 April 2016, 11:52 IST
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Unable to repay a loan he had taken from a nationalised bank, a 65-year-old farmer allegedly committed suicide by consuming pesticide at Vadavilli village in Coimbatore on Saturday. Ramasamy had taken a Rs 60 lakh loan to set up a farm in Vadavalli in 2014. He had repaid only Rs 6.5 lakh till December last year.Bank officials met Ramasamy in March and asked him to arrange for repay the loan with interest, police said.On 18 April, Ramasamy went to his farm, but did not return. Family members who went in search of him saw him lying on the ground and immediately took him to a private hospital. Police said he died in the hospital as he had consumed pesticides.Last month, a 26-year-old farmer committed suicide at Orathur in Ariyalur district, upset over a private finance firm seizing his tractor to recover Rs 2 lakh in dues after allegedly insulting and abusing him.
First published: 17 April 2016, 11:52 IST
 
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