Bankers to Head Flood-Hit Areas in Karnataka, Ensure Low-Interest Loans to Victims

Chief minister BS Yeddyurappa has enlisted the help of bankers to support flood victims in northern Karnataka by conducting loan melas to provide funds for rebuilding houses and starting new businesses. The banks have agreed to offer low-interest loans and defer pending loan recoveries for a year in the affected areas. Yeddyurappa has also requested the bankers to contribute to rebuilding homes for the homeless as a goodwill gesture.

Key Takeaways:

The chief minister, BS Yeddyurappa, has asked bankers to conduct loan melas in flood-hit areas to provide funds for rebuilding houses and starting new businesses.
The bankers have agreed to offer low-interest loans to flood victims, with the ability to defer pending loan recoveries for a year.
Yeddyurappa has requested the bankers to allow flood victims to open zero-balance accounts to encash their compensation cheques.
The government has identified about 6000 acres of land for relocating 226 villages.
Non-governmental organisations and corporate representatives, including IT and BT sector giants, have been invited to meet on Thursday to concretize their promise of helping in the construction of houses for flood victims.
The flood victims will be given design and specifications for the houses to be built, with the intention of maintaining uniformity.

Statistics:

226 villages are being relocated.
6000 acres of land have been identified for the purpose.
The banks have agreed to defer pending loan recoveries for a year in the affected areas.
The government is requesting the bankers to contribute to rebuilding homes for the homeless as a goodwill gesture.

Sources:

k_hemanth@dnaindia.net (mailto:k_hemanth@dnaindia.net)