TN waiver of cooperative bank gold loans benefits 13.12 lakh people

After Stalin became the Chief Minister he announced that gold loans taken from cooperative banks till 31 March, 2021, would be waived.

BySouth First Desk

Published Jun 14, 2024 | 5:15 PMUpdatedJun 14, 2024 | 5:15 PM

MK Stalin

Nearly 13.12 lakh people benefitted from Tamil Nadu Chief Minister MK Stalin’s gesture of waiving ₹6,000 crore cooperative bank loans on gold up to five sovereigns or less, the government has said. After Stalin became chief minister, he announced that gold loans taken from cooperative banks till 31 March, 2021, would be waived and accordingly a government order was issued.

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