State issues GO to write off jewel loans under 5 sovereigns

The much expected Government Order (GO) on jewel loan waiver was issued on Monday in which the state has waived jewel loan under five sovereigns obtained in cooperative banks.

migrator

Updated:2nd Nov, 2021 at 2:51 AM

Chennai

According to the GO, a family, with a ration card, will be eligible to obtain loan waiver only for five sovereigns (40 grams of gold jewels) pledged in cooperative banks till March 31, this year. It has been estimated that the pending loan amount in cooperative societies amounts to Rs 17,114.64 crore and 16 lakh persons will be benefited by the loan waiver. The government has issued detailed guidelines about the criteria for availing loan waiver. According to the GO, government employees, cooperative department staff and their families are not eligible to avail the loan waiver, but persons receiving family pension are eligible for the loan waiver. Similarly, Sri Lankan Tamils are eligible.

State issues GO to write off jewel loans under 5 sovereigns

The much expected Government Order (GO) on jewel loan waiver was issued on Monday in which the state has waived jewel loan under five sovereigns obtained in cooperative banks.

Also Read

TN bypolls: Madurantakam, Dharapuram register 35.55 percent, 37.28 percent polling at 11 am

TVK candidate Sathyabama confident of winning Dharapuram bypoll by one lakh votes

Thattanchavady Assembly by-poll sees 39.16 per cent voter turnout till 11 am

Nurses suspend stir, warn of statewide protest if demands remain unmet

'Gyanesh, it's done bro, time to resign': INDIA bloc MPs stage sit-in after march to EC stopped