Bait In Bailout

In 2004 while I was at the peak of my Farming escapade.
I took a crop loan for large scale cultivation of Baby corn.
That Year I was the largest single grower of the crop in this country, daily supplies went up to 700 kgs daily.
I was supplying to almost all the major processors of in this country.
The loan exposure from the bank was around 13 Lakhs.
I had to provide a fixed asset collateral of approximate Rs. 80 lakhs and Fixed deposit of Rs. 1.5 lakhs
When in 2005 we setup our own processing unit, I repaid all outstanding, leaving around 1.8 lakhs to be adjusted against my Fixed deposits.

I was a busy man for last few years and never got the time to get a " No dues" from the bankers.
But for last week, when I inquired for the same I was told my out standing was 3.22 lakhs and I still owe the bank as much.
After a short stress, I realized what the banks had done.
they had kept the loan going, without liquidating my deposits and adjusting to the outstanding.
It was a gross banking Sin and I could have them taken to task.
I get 4.25% on Fixed deposits and get charged 9.25 % on my loan amount.
I knew I had a booty in waiting here.

First things first.
"sir, that means my deposits are still intact with you?"- I asked the manager,
"yes of course"
"Considering you have enough collateral as security can I have the deposits back?"
after a little contemplation "yes! of course, its your money, we only need 150% of loan amount as collateral"
So the first thing I do is withdraw the basic sum of Rs. 1.5 lakhs.
The interests are still to be calculated and they will do so in spare time and credit my account.

one might feel, that I was a fool to have taken the bait, where the bankers were screwing my trip.

Well, there was a Farmers bailout package early this year, all farm loans, without any exceptions were to be pardoned. My loan amount was due on the day of the notification. So, I do not have to pay this amount anyway. even if banks have not forwarded my case, they will have to bear the brunt.
My immediate benefit is limited to my FD and the interests thereof.

Well my scrutiny for IT returns for the same year is on, and farmers and food processing units are exempted from Income tax, and we were in losses of 16 lakhs that year anyway.

I have been told that I might be penalized up to 1 lakh for inducting too much cash unexplained in my firm.
How well are farmers supposed to equip themselves for any integration or growth?

Garbage in garbage out.