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date_range 30 Nov 2016 6:57 PM IST Updated On
date_range 30 Nov 2016 6:57 PM ISTFour-month moratorium on cooperative bank loan repayments
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Thiruvananthapuram: The State government Wednesday announced a four-month moratorium on repayment of loans availed from cooperative banks and institutions.
The decision in this regard was taken at a Cabinet meeting to ease difficulties being faced by people following demonetisation of Rs 1,000 and Rs 500 notes. The moratorium will continue till March 31, 2017, a government release said.
Cooperation minister Kadakampally Surendran told reporters after the meeting that no action will be taken against loan defaulters during the period.
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