Chhatrapati Sambhajinagar: A 43-year-old farmer, with outstanding loan dues of Rs 7.1 lakh, committed suicide by consuming poison on Sunday in Kutubkheda of Paithan tehsil.The deceased Narayan Karangal had taken loan of Rs 4.7 lakh in 2013 for digging a well and installing pipeline in his six acre farmland. Karangals family has stated that he failed to repay the loan due to the frequent crop failures resulting from drought and rainfall deficit and other erratic weather conditions over the past few years.The loan amount and interest had spiralled to Rs 7.11 lakh for which he received a notice from the bank.Pachod police stations assistant inspector Santosh Mane said a case of accidental death has been registered. We also published the following articles recentlyHow do lenders decide loan amounts to be sanctioned?Lenders determine loan amounts using various methods, including credit score and history, multiplier method, DTI ratio, EMI/NMI ratio, and LTV ratio. A higher credit score indicates lower credit risk, while a lower DTI ratio and EMI/NMI ratio are preferred. The multiplier method involves multiplying net monthly income. The LTV ratio evaluates risk in housing loans. Different lenders prioritize factors differently, and criteria can vary based on the type of loan and lenders policies. Borrowers should communicate with lenders and understand specific criteria for loan eligibility and approval.Bengal: 2 farmers die by suicide following crop damage due to unseasonal rainTwo farmers from Paschim Medinipur district and Hooghly district in West Bengal died by suicide after unseasonal rainfall caused damage to their crops. Bapi Ghosh, a potato farmer from Chandrakona, consumed pesticide and died at a hospital. His potato crop was completely destroyed due to rainfall caused by Cyclone Michaung. Tarun Palui was found hanging in his house in Arambagh, reportedly due to huge losses from damage to his paddy crop. The states Agriculture Minister has promised compensation to farmers facing crop damage.Opposition netas call government anti-farmer, want total loan waiver, aid for crop hit by rainsWinter session starts with opposition protest in front of Vidhan Bhavan on farmers issues; adjournment motion turned down by Speaker Rahul Narwekar. CM, deputy CM, and agriculture minister visit villages hit by unseasonal rain to assess crop loss. MVA leaders demand immediate help for farmers, complete farm loan waiver, bonus for paddy, and higher MSP for cotton and soybean. Opposition leader highlights increased farmers suicides and devastation caused by natural calamities. Discussions on farmers issues postponed to Friday.

Stay updated with all the Latest Aurangabad headlines here. For more exclusive & live news updates from all around India, stay connected with NYOOOZ.