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Due to natural calamities, the farmer could not repay the loan. He has no other way to repay the loan. How to collect loan from the farmer? |
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Answer» We can ask the Government, if any policy has been changed and sanctioned any compensations. Otherwise we can ask him whether insurance took the harvesting land. If he did the insurance policy, the Insurance company can give the compensations and we can collect from them, or we can give notice and give the auction on that land and recover money from that auction by the land document. The land was hypothecated by the bank and the loan was given. So we can have a chance to recover that loan. |
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