Rangpur RAKUB to file case against 1000 borrowers

agriculture loans taken from different branches of Rajshahi Krishi Unnayan Bank (RAKUB) in Rangpur.

Many businessmen who borrowed money from the bank will also face the same consequences.

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RAKUB officials said they served notices to the defaulting farmers earlier for repayment of loans. Only 3 per cent repaid loans.

The bank will lodge certificate cases with different courts after April 29. Mortgaged property of the borrowers will be auctioned, they said.

The 1000 borrowers have been listed as 'bad borrowers' as they did not take the advantage when the past two governments gave them the scope to repay only the principal amount,

Iffat Ara , Senior Principal Officer of RAKUB at Rangpur zonal office said.

Many of the defaulted borrowers are in great agony because they can not repay loans in the current peak season of IRRI-Boro farming.

Talking to this correspondent, Manik Sarker, a farmer of Lalbag area in Rangpur said, "How can I repay the loan now while I am buying diesel and fertiliser at so high prices?"