Tamil Nadu govt waives Rs 6,000 crore cooperative bank gold loans ...Middle East

Economy by : (Business Standard) -
A total of 13.12 lakh people benefitted through Tamil Nadu Chief Minister M K Stalin's gesture of waiving Rs 6,000 crore cooperative bank loans on gold upto five sovereigns or less, the government said on Thursday. After Stalin became the Chief Minister he announced that gold loans taken from cooperative banks till March 31, 2021, would be waived and accordingly a government order was issued. The move fulfilled a promise he had made in the DMK poll manifesto, the release said. "About, Rs 4,818.88 crore has been waived to benefit 13,12,717 people who had availed the jewel loans," it said. Loans extended to the women self-help groups through cooperative banks upto March 31, 2021, amounting to

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