Tamil Nadu warns pvt banks against collecting dues from small borrowers

The state also permitted small caterers serving the elderly to continue supply of cooked food provided their vehicles sport the sticker 'Essential Service' and the drivers have identity cards

Need cash now? Avoid taking a personal loan for discretionary purchases
The government also announced various other measures to ease the life of the people belonging to different sectors during the 21-day nationwide lockdown period.
T E Narasimhan Chennai
2 min read Last Updated : Mar 26 2020 | 11:48 PM IST
Tamil Nadu on Thursday warned private banks, self-help groups, micro finance companies against collecting interest on loans from small borrowers. The state government said it would stringent action would be taken if they act against the warning.

The state permitted small caterers serving the elderly to continue supply of cooked food provided their vehicles sport the sticker ‘Essential Service’ and the drivers have identity cards. It added that the services of food delivery firms like Swiggy, Zomato and Uber Eats will remain to be suspended.

Private banks, self-help groups and finance companies should not collect their loan dues till further orders, according to state government release.

The government also announced various other measures to ease the life of the people belonging to different sectors during the 21-day nationwide lockdown period.


These measures were taken after a meeting of District Collectors held by Chief Minister K Palaniswami through video conferencing.

These include setting up of nine groups comprising of IAS officers to smoothen the hindrances due to the lockdown, setting up of vegetables and fruits markets in big grounds where three feet social distancing could be maintained, spraying of disinfectants using fire service vehicles in crowded localities.

Supply of two months medicines to pregnant woman, persons with chronic ailments like blood pressure, AIDS, tuberculosis and diabetes. Issue of 'Essential Commodities’ certificate by District Collectors and Commissioner of Greater Chennai Corporation for production and movement of essential items among the other measures.

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Topics :Tamil NaduPrivate banks

Next Story