SUNBIZ

Sugar Cane Growers Fund: Defaults On Loans Worry

The chief executive officer, Raj Sharma highlighted the major activities involved in monitoring loans and recovering arrears in case of default.
04 Mar 2019 14:57
Sugar Cane Growers Fund: Defaults On Loans Worry
Newly-appointed Sugar Cane Growers Fund chief executive officer Raj Sharma .

Sugar Cane Growers Fund is committed in revitalisa­tion of the industry with all the stakeholders and in particu­lar with the cane farmers.

However, the Fund has some level of arrears accounts that needs some constructive and practical repayment arrange­ments.

The chief executive officer, Raj Sharma highlighted the major activities involved in monitoring loans and recovering arrears in case of default.

He said whilst some of the growers have made arrangement they are failing to honour such arrangements.

He has again requested the growers if they have difficulties, they should visit the district of­fices but end of the day loans need to be paid.

He also mentioned quite a num­ber of letters have been written to the growers and due to change in postal address, and as such let­ters have not reached.

Therefore, they have run a ra­dio commercial creating aware­ness for the growers to check their accounts.

The Fund where possible will try to assist the growers but also will take necessary action for the recovery of the loans, he added.

 

Fijisun E-edition
Tanoa Plaza Hotel Suva
Subscribe-to-Newspaper
Fiji Sun Instagram
Fiji Plus
Subscribe-to-Newspaper
error: