Tamil Nadu farmer not as fortunate as the King of Good Times

Tamil Nadu farmer not as fortunate as the King of Good Times

Submitted by Editor on Thu, 2016-03-10 10:12 Chennai: Not all loan defaulters are as lucky as Vijaya Mallya to be treated with a deference. In a striking contrast to the treatment given to the Bangalore based liquor baron, IPL team owner  committed to  high life style, a farmer in a Tamil Nadu village was beaten black and blue and the tractor he bought with borrowed money snatched away.All that the farmer, B Balan, had done was to miss one instalment: the previous one that he had to pay within December 2015.On Friday, a group of 10 men accompanied by an equal number of policemen entered his village in Tanjavur district at noon and spotted the farmer, B Balan and began thrashing him mercilessly.Balan had taken a loan of Rs 3.80 in 2011 and has repaid a sum of Rs 4.10 lakh. But two more instalments, totaling Rs 1.30 remain to be paid. He missed the December 2015 deadline, and within two and half months, the goons were at his door along with police to snatch his vehicle.“They did not even give a warning or made a phone call. They just came and started bashing me up to snatch the tractor,” Balan said.The Friday noon incident has shocked the village and other farmers, who are planning a massive protest tomorrow.The finance company recovery agents have forcibly taken the vehicle away with them. When Balan dared to question, he was thrashed a bit more, with policemen also raining blows on him.Contrast this with the King of Good Times, Mallya, who may well have escaped to a foreign country. Reports have it that he boarded a flight on March 2, even when the nation was debating his colossal loans and default of monies to the tune of Rs 7000 crore. Mallaya’s inhuman treatment of his staff, whom he refused to pay, is coming out of television channels with former employees of Kingfisher pouring out their woes.In fact, Mallaya has become the face of NPA of public sector banks, which seems to have loaned him huge sums of money without any appropriate and adequate securities and collaterals.While the King of Good Times continues to have his good times, farmers like Balan who suffered crop losses have to grin and bear it and somehow cough up what they owe. In Balan’s case it was a private financing company and not a PSU bank.