Ahead of polls, CM Vijayan cabinet approves Rs 18.75 crore loan takeover of Wayanad landslide victims
THIRUVANANTHAPURAM: With the Assembly elections drawing closer, the Pinarayi Vijayan Cabinet on Wednesday approved a major relief measure for survivors of the Mundakkai–Chooralmala disaster in Wayanad, deciding to take over and settle the outstanding loans of those officially identified as disaster victims.
Loans amounting to over Rs 18.75 crore will be cleared, covering 1,620 loans taken by 555 beneficiaries.
Revenue Minister K. Rajan said the government would assume full responsibility for the liabilities, with the required funds being met from the Chief Minister’s Distress Relief Fund (CMDRF).
He stressed that the decision was not a mere write-off but a complete takeover of the debt burden by the State.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Angry
0
Sad
0
Wow
0
PNE
Punjab News Express is dedicated to bringing reliable and engaging news to readers. He focuses on covering trending stories, regional updates, and important social issues while presenting information in a simple and clear way for the Punjabi audience.
