The Nainital district administration has asked the bankers not to take any tough action against the bank loanee for a year in view of the devastating monsoon that Uttarakhand had to face this year.
The Ministry of Finance in its decision of August 1, 2013 advised all the banks not to take any tough action against the bank loanees till one year in view of the devastating monsoon in the Himalayan State in June. That is why all the officials concerned of different banks are advised to be abide by the direction of the Ministry of Finance and to be flexible towards the bank loanees for a year in view of this year’s devastating monsoon season, said lM Rayal, Chief Development Officer (CDO), Nainital.
At the same time, he also asked the bankers to extend the loan facilities to the needy belonging to the agriculture, industry and service sector to achieve better financial results. The CDO also asked the bankers to submit their monthly and quarterly progress reports to the lead bank on time for assessment. In the meanwhile, the district administration Nainital also asked the bankers to take necessary steps to expedite works on other Government projects.