Maha announces soft loans for flood-hit people in State

The Maharashtra Government on Wednesday announced soft loans at the rate of five to six per cent interest to the farmers, shopkeepers and tapriwalas (street vendors) affected by the recent floods in various districts of coastal Konkan region and western Maharashtra.

Talking to media persons after holding a meeting with the officials of the  district Central Cooperative banks in the State, deputy Chief Minister Ajit Pawar said: “The district central co-operative banks have taken the lead to adopt a `no-profit–no loss’ policy to extend soft loans to the flood-affected farmers shopkeepers and tapriwalas at the rate of five to six per cent



interest”.

The beneficiaries of the soft loan scheme would be from the districts of Raigad, Ratnagiri, Sindhudurg, all in coastal Konkan region, Pune, Satara and Kolhapur, all in western Maharashtra,” Pawar said.

Wednesday’s was the second major relief measure announced by the MVA government to the flood-affected people in the state. It may be recalled that on August 3, the Maharashtra government announced a Rs 11,500 crore relief package towards the losses suffered by the people during the recent floods in coastal Konkan region, western Maharashtra and other parts of the state.