Extend moratorium on repayment of crop loans to Dec 31: Rahul Gandhi to RBI Governor

Congress leader Rahul Gandhi has requested Reserve Bank of India (RBI) Governor Shaktikanta Das to take measures to extend the moratorium on repayment of crop loans by farmers to December 31 in the aftermath of Kerala floods."Almost a year back, Kerala witnessed the worst floods in over a century. The devastating impact of the floods further was compounded by the inability of farmers to repay the agricultural loan on account of widespread crop loss, and extensive damage to other productive assets," Gandhi wrote in his letter to Das."Furthermore, external factors like sharp fall in global commodity prices of cash crops have adversely affected the ability of our farmers to bounce back," added Gandhi in the letter.In the letter, Rahul claims that Kerala has witnessed a tragic spate of farmer suicide in the aftermath of banks initiating recovery proceedings against helpless farmers under the Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest Act ..