Commission Chairman Rajesh Bagha said that the panel has decided that the remaining loan amount should not be recovered from the families of those borrowers who have passed away as May 31 this year.
He said that till date, there are 491 borrowers in total and an amount of Rs 3.92 crore is due from them, but these families are unable to repay this amount owing to their poor financial condition.
The commission also appealed the state government to formulate a comprehensive policy in order to ensure the waiving of loan availed by a borrower in case he or she passes away.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.