TN farmer commits suicide after finance firm seizes tractor

As 26-year-old Algar was unable to repay Rs 2 lakh of the Rs 7-lakh loan he had taken from the finance company, collection agents allegedly assaulted him and took the vehicle away

india Updated: Mar 14, 2016 12:08 IST
HT Correspondent
HT Correspondent
Hindustan Times
Ariyalur,Tamil Nadu,loan-repayment
Several parts of Tamil Nadu are said to be hit by a serious drought, making it difficult for farmers to repay loans.(File photo/ For representational purposes only)

A farmer from Orathur in Tamil Nadu committed suicide late last week, after a private finance company seized his tractor over non-payment of dues.

Sources said 26-year-old Algar, hailing from the village in Ariyalur district, had taken a loan of Rs 7 lakh from the firm a few years ago. Though the farmer managed to return as much as Rs 5 lakh, he was not able to clear the rest of his dues. Consequently, agents from the finance company seized his tractor on Thursday.

Police said that a distraught Algar consumed poison soon after, succumbing at a private hospital in Keezhapavur on Friday.

Sources in the village alleged that the farmer was also abused by loan collection agents, and later assaulted by unidentified people.

Police said action would be taken against the people responsible for his death.

Read: Tamil Nadu farmer thrashed for non-payment of loan instalments

This incident came close on the heels of the alleged police assault of Balan, a farmer from Thanjavur district, over his failure to repay a loan amount of Rs 3.8 lakh. A video of the incident went viral, following which the National Human Rights Commission issued notices to the authorities concerned – seeking a report within two weeks.

Dravidar Munnetra Kazhakam president M Karunanidhi had cited the incident to allege that farmers in the state were facing hardships under the AIADMK regime.

First Published: Mar 14, 2016 01:31 IST