December 2016 Current Affairs

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Kerala Cabinet approves new debt relief scheme

Kerala Cabinet approves new debt relief scheme
22 August 2016 Current Affairs: The government of Kerala has  approved a new debt relief scheme for low income and poor people who face the threat of revenue recovery proceedings after they fail to repay loans taken from various financial institutions under the government.

The scheme, expected to cause an additional burden of ₹40 crore to the exchequer, will benefit more than 10,000 persons.To prepare a comprehensive one-time debt relief scheme in the wake of several appeals received from persons who face revenue recovery proceeding.

The relief is for those who had taken loans from the State Housing Board, Scheduled Caste and Scheduled Tribe Backward Welfare Corporation, State Women’s Development Corporation, the Kerala State Handicapped Persons Welfare Corporation and Revenue Departments.

The principal amount, interest and penal interest on loans up to ₹5 lakh will be waived, the release said.

Besides, those who face recovery proceedings even after remitting over 150 per cent of the principal amount will be given concessions.


December 2016 Current affairs

November 2016 Current affairs
30 NOV
NEWS
29 NOV
NEWS
28 NOV
NEWS
26 NOV
NEWS
25 NOV
NEWS
24 NOV
NEWS




October 2016 Current affairs
31 OCT
NEWS
27 OCT
NEWS
26 OCT
NEWS
25 OCT
NEWS
24 OCT
NEWS
22 OCT
NEWS

September 2016 Current affairs
30 SEP
NEWS
29 SEP
NEWS
28 SEP
NEWS
27 SEP
NEWS
26 SEP
NEWS
24 SEP
NEWS

August 2016 Current affairs
31 AUG
NEWS
30 AUG
NEWS
29 AUG
NEWS
27 AUG
NEWS
26 AUG
NEWS
25 AUG
NEWS



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