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Congress urges to extend moratorium period, loan waiver citing Covid-19 crisis





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Panaji: The Congress party on Thursday demanded to extend the moratoruim period and waive off additional interest by Nationalised banks for loans citing no or poor business of the people due to Covid-19 crisis.

Goa Pradesh Congress Committee (GPCC) vice president Sankalp Amonkar addressing reporters said that a large number of people, including the taxi operators at Dabolim airport had taken different loans but the unprecedented events due to the pandemic has left them unemployed or without business and are now facing financial crisis.

“We demand additional moratorium period and waiver of additional interest by Nationalised banks for loans. Also reversal of NPA Declaration by cooperative banks and finance companies,” Amonkar said.

“As the moratorium period given by RBI of six months ends up in August, banks have now begun chasing the people while some have been given additional period but are levied with additional interest to a tune of upto Rs 48,000 which is not feasible,” he informed.

Urging the government to take cognizance of the situation Amonkar said, “We want that all the four BJP MLAs including two ministers of Mormugao to take the issue with the  Government and extend the moratorium period, reverse NPA Declaration and waive off additional compound interest  till the economic activity resumes and life is back on track for the common man.”

Amonkar addressed the press conference in the presence of Gangaram Phadte, Sai Baba temple Vasco tourist taxi union member Sada taxi union member Umesh Mandrekar,  vice president Vasco rent a car and bike association Sajjan Mohammed, and Sachin Bhagat.

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