Asianet Newsable

Unable to repay loan, farmer commits suicide

Loan, farmer commits suicide, Coimbatore
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Frustrated over his inability 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 the district on Saturday.


Ramasamy had taken a Rs 60 lakh loan to set up a farm in Vadavalli, about 35 km from here, in 2014. He had repaid only Rs 6.5 lakh till December last year.


Bank officials had met Ramasamy in March and asked him to arrange for repay the loan with interest, police said. This morning 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. He died in the hospital as he had consumed pesticides, police said.


Last month, a 26-year-old farmer had committed suicide at Orathur in Ariyalur district, upset over a private finance firm seizing his tractor to recover Rs two lakh dues after allegedly insulting and abusing him.

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