KGF’s appeal to Finance Minister
The Hindu
It wants banks instructed to restructure loans
Karnataka Growers’ Federaton, an organisation of coffee planters in Hassan, Chikkamagaluru and Kodagu, has appealed to Union Finance Minister Nirmala Sitaraman to instruct banks to restructure the loans. A delegation of the federation led by president H.T. Mohan Kumar, secretary K.B. Krishnappa, Lok Sabha member Tejaswi Surya, and former MLA H.M. Vishwamanth met the Minister and submitted the memorandum on Friday. The planters said the Reserve Bank of India had instructed the nationalised and private banks to restructure loan accounts in the wake of natural disasters. However, several banks were hesitant to do so.
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