Dear Sir/Madam,
we are a 12 year old agro-based company exporting vegetables and vegetable pickles. we have been doing contract farming with around 2000 farmers. But at present there are no farmers interested in farming. Also shortage of labours because they prefer to do government work elsewhere. So our company has been suffering from shortage of raw materials and also labours. The past 7 years have been a huge burden for us to run the factory. Buyers fulfill the orders from Vietnam and China. So there is no market for us. So far we have paid around 5 crores as bank interest. Now at present the outstanding loan for us is 8 crores. All our property documents are with the bank. So we would like to know if we are eligible to go for (OTS) One Time Settlement Scheme. Even the bank know we are struggling very much and till now our account is in live and very close of becoming as Non Performance Account (NPA). Please provide us your valuable reply at your earliest. Your response is highly appreciated. Thanks.
