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The state government on Thursday urged bankers to come forward with easy terms on loans to farmers, artisans and others affected in the flood and help them repair their houses and make their land fit for farming.
Chairing a special meeting of the State Level Bankers’ Committee (SLBC) in Kolkata, state finance minister Amit Mitra made several suggestions to the bankers. The suggestions included increase in reclamation period on existing loans by three to seven years, conversion of short-term loans into long-term ones, immediate grant of loans up to Rs 10,000 without collaterals, moratorium on payment of interest on existing loans for one year and waiver of margin money for new loans.
Speaking to mediapersons at state secretariat Nabanna, he said: “Banks have primarily agreed to our requests. I have also requested them to ease their KYC norms and conditions such as arranging for collateral while lending money to farmers. It will act as a major deterrent to those who had lost their lands.”
Mitra, however, did not raise the issue of loan waiver in the meeting. “The decision on loan waiver is not in the jurisdiction of SLBC. The Centre can only decide on this and ask the bankers to allow loan waivers.”
District-level committees under respective DMs have been set up to monitor the flood situation by August 18. On August 20, Mitra will hold a review meet with state secretaries, where the report will be taken up.
Let’s see what happens: Mamata Banerjee
“Let’s see what happens this time” was Chief Minister Mamata Banerjee response to the outcome of her Wednesday’s meeting with Prime Minister Narendra Modi, where she sought Rs 21,000 cr flood relief package for Bengal. “I apprised him of the situation,” Mamata said at Kolkata airport after arriving from Delhi.