Loans denied to beneficiaries: Minister Khader expresses displeasure at banks

Loans denied to beneficiaries: Minister Khader expresses displeasure at banks

June 4: District In-charge Minister UT Khader expressed his displeasure at branch managers of certain banks for denying loans to eligible beneficiaries on what he described are frivolous grounds.
Khader said the beneficiaries are of various schemes formulated by the government to empower sections of society that are economically backward and denying them loans hampers their progress. Khader said many students from the economically poor background are largely dependent on education loans and other benefits offered through government schemes. Such students face confusion about schemes and means to obtain benefits from it. He mentioned that Bank officials at various levels must clear the same to ensure that more beneficiaries benefit from the schemes given by the government.
Deputy commissioner (DC) Sasikanth Senthil assured that programme like adalat will be organised will be to address issues regarding banking sector in general and government schemes in particular.

 

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