"Direction has been given to cooperative banks to stop recovery proceedings of attaching property of those who have defaulted their agriculture and educational loans of upto Rs three lakhs till June 30," Chief Minister Oommen Chandy told reporters here after a cabinet meeting.
Public sector and scheduled banks will be directed to stop attachment proceedings for loans upto Rs five lakh, he added.
On other decisions, he said, 277 special schools for mentally challenged students managed by private groups would be made aided schools. Initially, about 40 schools with a minimum student strength of 100 would get the aided status, he said.
Apart from these schools there are many 'BUDS' Special Schools under the Social Justice Department in Kerala. The government has decided to provide the teachers and other staff of these schools having more than 100 students, salary and other allowance on par with those in aided schools.
The teachers and non-teaching staff of those special schools that cannot get aided status will be given Rs 1,600 per month as allowance.
All steps needed for functioning of a medical college in Idukki district next year have been taken. Sanction has been accorded for creation of 31 teaching and 16 non-teaching staff required to get recognition for the medical college.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
