Relevance:
A farmer died by suicide in Punjab due to Kurki issue.
About kurki:
- Kurki – attachment of a farmer’s land, already pledged to the money lending institution or individual, in case of a loan default.
- Apart from banks, private moneylenders, commission agents also get these decrees against farmers from time to time.
- Legality – executed under Section 60 of Civil Procedure Code, 1908.
- The land which is pledged by the farmer to the bank or money lender gets registered in their name. In some cases, the land is auctioned as well.
- The process begins after the money lender moves court to get kurki orders in case the farmer is unable to pay back his loan.
- What can be attached? – Land, tractor.
Reference: The Indian Express