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Huge losses for farmers due to less gross advance outstanding sanctioned by Tripura Grameen Bank

The information has received by the source of TGB officials which has published on annual report book of TGB as yearly performance report of sector-wise outstanding loan and advances.

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Udaipur: Tripura, a North-Eastern state in India where more than 75 per cent of the state’s total workforce depend on agricultural activities, on Monday reported less gross advance outstanding of Tripura Gramin Bank (TGB) from 31 per cent to 28.17 per cent in agriculture & allied activities sector, the most important point to be noted for the benefit of Tripura farmers.

The information has received by the source of TGB officials which has published on annual report book of TGB as yearly performance report of sector-wise outstanding loan and advances.

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The report shows gross advance outstanding in agriculture & allied activity sector decreased by TGB to 28.17 per cent in the year 2019-2020 from 31 per cent in the year 2017-2018 moreover the gross advance outstanding in non priority sector has increased by TGB to 18.91 per cent in 2019-2020 from 15.20 per cent in 2017-18.

The sources of agriculture department, government of Tripura informed that the total area of the state 10,491.69 sq km, net agricultural cropped area 2,55,070 hectors, area sown more than 2,19,428 hector, gross cropped area 4,74,498 hector and cropping intensity 186 per cent. The main agriculture of crops are rice 7,11,831 MT, wheat 300 MT, Maize 5,863 and pulses 5,154 MT.

The total food grains production 7,23,148 MT and total oil seeds production 4,613 MT in the state Tripura which indicates that agriculture sector is most important sector in the state Tripura.

Economic Review of Tripura reveals that the agriculture is key factor for the development of the state and there are maximum numbers of marginal farmers.

The declining cases of sector-wise outstanding loans and advances in agriculture & allied activity sector by TGB makes huge problem for farmers in the state Tripura.

On Monday, Biswajit Majumder, a representative of Indiranagar Farmers Club guided by NABARD Tripura Regional Office said that the farmers of the state are going to microfinance institutions in order to collect financial support as loan for agricultural activities. As bank like TGB and others are declining their gross advance outstanding in agricultural sector, the farmers are moving towards microfinance for loan. The dependency of farmers on microfinance institutions are creating a problem of debt trap.

Referring to the suggestions of expertise in the agricultural sector, the government could write letter to commercial bank like TGB and all others bank in view to consider the matter of farmers for the development of agriculture as well as development of farmers in the state Tripura.

Sumu Sarkar, a 28 years old farmer lives Bagabasa area under Udaipur Subdivision of Tripura’s Gomati District said that a total of Rs: 2 lakh received as loan from Bandhan micro finance institution few days ago. Mr. Sarkar was tried several times to get bank loan from commercial bank but he hasn’t received positive response from bank to get loan.

Sharing this information on his discussion in course of conversation with Kiran Bhowmik, Stinger of UNI, Sumu Sarkar said that the commercial banks have not been able to solve farmers problem by bank loan. The farmers are obliged to move micro finance institutions for financial support. The farmers are facing problem of debt trap in village areas of the state Tripura due to

Less gross advance outstanding of Tripura Gramin Bank as well as others commercial bank.

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