Deputy Chief Minister Jishnu Dev Verma, who holds high-level meetings with the Finance portfolio, asked the Small Finance Banks and Micro Finance Institutions to declare a loan moratorium to their borrowers until August 2021.
While chairing a high-level meeting with the Bankers and Micro Finance Institutions The Deputy Chief Minister discuss the relief measures taken from their end to their borrowers in view to be more effective in COVID19 situation.
The Small Finance Banks and Micro Finance Institutions have committed that they would declare a loan moratorium up to August, 2021 after getting confirmation from their Board of Directors/Authority.
The Small Finance Banks and MFIs would inform the Finance (institutional Finance) department about their consent regarding moratorium within June 05 next while the scheduled commercial bank agreed to publish in newspaper the detail of their loan restructuring modality for the benefit of common citizens.
Meanwhile, the nationalized banks, Tripura Gramin Bank and Tripura State Co-operative Bank, have already declared a moratorium for their customers, especially in MSME and other Priority Sector Loans up to September 2021. If the borrowers willingly repay the loan amount, they will collect it. Secretary Finance Apurba Roy, Director, Institutional Finance- Dr. Vishal Kumar, AGM RBI AgartalaS.D.V Raghunath, DGM and Circle Head, PNB (SLBC Convener), Tripura Grain Bank chairman Mahendra Mohan Goswami, Regional Manager SBI (North and South), Zonal Manager UCO Bank, Chairman TGB, General Manager TSCB and Representatives of Small Finance Banks including Bandhan Bank, Ujjivan Small Finance Bank and MFIs participated in the meeting.