Can credit cooperatives deduct loans from the direct grain subsidies and comprehensive agricultural subsidies allocated by the central government to farmers?
Accurately speaking, it is not allowed to deduct the loan directly, but it can be paid temporarily. Provided that the lender and the passbook holder are the same person. The financial institution shall notify the lender to collect the loan before collecting the loan or loan interest from the depositor's account, and the depositor shall sign it. Otherwise, it is illegal.