CUDDALORE:
Principal District Sessions Judge D.Ramabadhran has called upon farmers to cooperate with banks and pay back loans promptly to avoid getting entangled with the money lenders who are charging usurious rates of interest.
He was delivering a speech after inaugurating the fully air-conditioned branch of State Bank of India at Palayamkottai in Sri Mushnam block, about 70 km from here, on Monday.
The bank branch would be helpful to the farmers. If the farmers promptly repaid the loans the bankers would deliver their services at their doorsteps. However, the judge said, it was a matter of concern that an opinion was gaining ground that the bank loans need not be repaid.
Lending The loanees should get over such a notion, for, only the financially sound banks could continue with their lending activity. He congratulated the bankers for having created an ambience that rivalled even that of the urban branches.
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