‘Write Off Loans Of Wayanad Landslide Victims Completely’, Kerala CM Pinarayi Vijayan Urges Banks

Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan has taken a sturdy exception to the banks deducting month-to-month installments of loans from the accounts of the victims and survivors of the landslide in Wayanad and demanded that these loans be written off definitely.

“Waiving loans would now no longer impose any unbearable burden upon the banks, and so it is able to be going to be written off definitely,” identified Chief Minister Pinarayi Vijayan in Thiruvananthapuram on Monday, 19 August 2024.

CM Vijayan, whilst addressing a meeting of the Country Stage Bankers’ Committee (SLBC) in Thiruvananthapuram identified relaxation in pastime quantities or extension of time for remitting month-to-month installments would never be a reply within the landslide-hit areas.

“1000's of us who had taken the loans are deceased, and their land has emerge as unusable resulting from disaster. Among the great fitting thing we can do is write off the total loans taken by of us in these affected areas,” identified Vijayan.

He expressed the authorities’s sturdy displeasure over banks persevering with to deduct month-to-month installments from the accounts of survivors and entreated the SLBC to take a favourable resolution on this depend.

Recalling July 30 disaster, the CM identified reasonably 1000's landslide victims or survivors had been engaged in farming activities in Wayanad, thing the disaster has even altered the very geography of the agriculture lands there.

Citing reports, he identified the affected locations have emerge as unusable, and no cultivation or settlement is possible in these areas.

“Most of the farmers within the areas have taken out loans. Persons who took a mortgage to construct a house had misplaced the house itself,” the CM identified, adding they'd been now no longer capable now to repay the instalments.

Vijayan’s reaction came amidst intense protests in opposition to the Kerala Gramin financial institution, which has allegedly deducted month-to-month installments from the accounts of some landslide survivors in Wayanad.

The amount became reportedly deducted from the in an instant alleviation sanctioned to them by the authorities.

“The authorities supplied the alleviation amount to the survivors to meet their in an instant needs as they had misplaced the total lot. The amount became given thru a range of banks,” he identified.

Criticising the Gramin Financial institution over deduction of month-to-month installments from the survivors, he identified, “I'm now no longer pronouncing the rest added. Nothing has to be done largely at this juncture.”

The Mundakkai and Chooralamala areas of Wayanad had been hit by excessive landslides on July 30 resulting within the death of larger than 200 of us and great loss to the properties.

(With PTI inputs)