Farmers availing PRS scheme not borrowers, their credit ratings must not be affected: Kerala High Court

"By no stretch can the farmers, who effectively sell grains to the government under the Paddy Procurement Scheme, can ever be construed to be borrowers by any bank," the Court said.
Farmer
Farmer

The Kerala High Court recently held that farmers receiving payment for paddy procurement through the State government's Paddy Receipt Sheet (PRS) scheme cannot be considered 'borrowers' by any bank [K Sivanandhan v/s State of Kerala].

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