Indian Bank’s zonal office here organised a farmers’ meet in association with Suguna Foods Pvt Ltd to understand the requirements of the farming community.
More than 130 farmers attended the meeting at The Grand Regent on Avinashi Road.
GB Sundararajan, Managing Director, Suguna Foods, initiated the discussion, detailing the company’s contribution to the industry and the scope it offers to the farming community towards developing their business. He urged the participants to avail the schemes offered by the bank for developing their businesses and doubling their incomes. He also requested bankers to consider flexible repayment schedules for farmers based on their income.
During the interaction, the farmers sought a reduction in the rate of interest. As many as 30 farmers received loan sanctions amounting to ₹53.84 crore across sectors like broiler, breeder farms, seed processing, rice mill, copra processing, tea factory and poly house.