Loans to flood-hit traders with heavy rains at an interest rate of only 5 to 6 per cent; District Co-operative Banks will take initiative keeping social commitment – Decision in the meeting chaired by Deputy Chief Minister Ajit Pawar.
Disrupted traders, tapari holders, traders in the Sindhudurg district including Pune, Satara, Sangli, Kolhapur, Raigad, Ratnagiri in the state will benefit.
To provide relief to shopkeepers, traders and tapari holders in Pune, Satara, Kolhapur, Raigad, Ratnagiri and Sindhudurg districts of the state. The state government has already taken an important decision to provide assistance of Rs 50,000 to the eligible victims. At the same time, the district central banks have taken the initiative to rehabilitate these affected traders with a social commitment and a decision was taken in a meeting chaired by Deputy Chief Minister Ajit Pawar today to provide loans at a very low interest rate on a non-profit basis. The decision will benefit the flood-hit shopkeepers, traders and tapari holders in the state and they will get loans at only 5 to 6 per cent interest.
A meeting regarding Satara, Sangli, Kolhapur, Raigad, Ratnagiri and Sindhudurg district central co-operative banks was held under the chairmanship of Deputy Chief Minister Ajit Pawar in the committee hall of the Deputy Chief Minister’s Office.
Heavy rains and floods in Pune, Satara, Kolhapur, Raigad, Ratnagiri and Sindhudurg districts of the state have caused severe damage to many shopkeepers, traders and tapari holders. The state government has already decided to provide assistance of Rs. 50,000 to the affected shopkeepers, traders and tapari holders to help them. However, the district co-operative banks have taken the initiative to save them from this calamity and to revive their business with a social commitment. For this, it has been decided to provide loans to the affected shopkeepers at a slightly higher interest rate than the cost of raising capital on a non-profit basis. Therefore, loans will be available to eligible shopkeepers, traders and tapari holders who have been affected by floods and heavy rains and have been given panchnama at an interest rate of only 5 to 6 per cent. This decision will benefit thousands of affected shopkeepers, traders and tap holders in the state.
