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Tomato bank opened in northern India amid rising prices of the vegetable

STORY: India’s opposition Congress party has come up with a unique way to protest against the skyrocketing tomato prices in the country and opened a tomato bank in northern Lucknow city.

With baskets of tomatoes in their hands, people, on Wednesday (August 02), queued up outside “State Bank of Tomato”, parodically named after State Bank of India, country’s largest state-run bank.

Bank manager Anshu Awasthi said since many poor people did not have refrigeration facilities, they could make the “deposit” in the bank in view of the rising prices and save their tomatoes from rotting.

Reportedly, the bank is offering loans, lockers, in the form of refrigerators, and attractive interest rates on fixed deposits.

The staple vegetable, reportedly on July 29, was selling at rupees 95 ($1.5) per kg in Kolkata, $1.45 in Delhi and $1.2 in Mumbai, putting the vegetable out of reach of the common man.

Prices of tomatoes have risen drastically over the past few weeks owing to crop damage due to heavy showers and floods across tomato-grower states such as western Maharashtra state.




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