The Government today announced a special Rajiv Gandhi Tsunami Relief Package for distressed fishermen even as it directed the banks to speedily clear the loan applications of people in the tsunami-hit areas.
The Union Finance Minister, P. Chidambaram, outlined the package at a meeting with the chief executives of 27 public sector banks. He said the new scheme would provide a subsidised financial package for the affected fishermen.
In addition, he directed the banks to clear the loan applications of those in tsunami-hit areas within 48 hours and restructure their debts. The Government will provide interest and capital subsidies to the banks giving loans to fishermen affected by the tsunami, according to the Financial Sector Secretary, N.S. Sisodia.
Read the Full Article at The Hindu
Update:
More details about the package at The Hindu
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