A paddy farmer from Thakazhi in Kuttanad, Alappuzha, died by suicide allegedly after banks denied him agriculture loan. The deceased has been identified as K.G. Prasad, 55.
In a phone call he made to his friend before committing suicide and a note allegedly written by him, which was recovered from his house, Mr. Prasad accused the State government and a few banks of pushing him to take the extreme step.
He was heard telling his friend that he was in a financial crisis and banks recently denied him a loan for cultivating paddy in the upcoming puncha (first) crop season citing a low CIBIL score.
