Banking, financial relief measures announced for Kerala
New Delhi, Aug 30 : The government on Wednesday took several measures on the banking and financial front, including concessional loan for rebuilding houses, to provide relief to the people in flood-ravaged Kerala.
Financial Services Secretary Rajeev Kumar, in a series of tweets on relief measures for Keralites, said the National Housing Bank (NHB) will provide Rs 200 crore housing loan at a concessional interest rate, and announced other support measures in banking.
"For construction and repair of houses affected by #Keralafloods, Rs 200 crore allocated from the Refinance Scheme of @NhbIndia under #AffordableHousingFund to facilitate #HousingLoan at concessional interest rate," Kumar tweeted.
The relief measures include moratorium up to one year and instalment rescheduling for home loans as per the need. Top-up loans can be availed for house repair. There will be no penal interest and no compounding of interest during the moratorium period.
"Flood-affected brethren in Kerala have one less thing to worry about i.e. financial transactions," Kumar said in another tweet tagging a list of relief measures.
There will be no charges for duplicate passbooks, deposit receipts, account statements, issuing fresh debit cards, cancellation and issuance of cheque books, and issuance of photo-affixed passbooks in case of loss of KYC documents, among others.
Further, no charges will be levied for non-maintenance of minimum balance or other charges for distress relief assistance received from the government through Direct Benefit Transfer (DBT). Besides, while there will be no ATM charges, the ATM withdrawal limit has been increased.
"Banking services restored through temporary bank branches. Mobile ATMs deployed, sufficient availability of lower denomination notes for urgent needs. Committed to restore lives back to normal," he wrote in Twitter.
Other relief measures taken for facilitating banking in flood-affected Kerala include exchange of soiled, mutilated and defective notes at all branches of banks, and soggy, pulpy notes to be collected with name, address and account details, to be sent to the Reserve Bank of India (RBI).
Staff at the counters have been sensitised to provide hassle-free services, according to him.
"To stabilise the worst hit #Agriculture & #MSMEs sectors in flood-affected #Kerala - following measures including moratorium, need based fresh loans, no penal interest on current dues etc. being taken," he tweeted.
Fresh consumption loans up to Rs 10,000 would be granted on need basis, while security and margin have been waived, and the fresh loans are repayable in 36 months.
Loans related to agriculture and allied activities have been given a moratorium for one year, including extension of repayment by one year, no penal interest on current dues and no compounding of interest.
Loans related to MSMEs have also been given one-year moratorium and granted extension of repayment period.
"Insurance sector stands shoulder to shoulder with #Kerala in its hour of need. All Pub./Pvt. Sec. Insurance Co. instructed to expedite claim settlements with exemption of survey up to a certain limit," he added.
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EAM Jaishankar meets Jamaican PM, gifts over 10 BHISHM Cubes
Kingston (PTI): External Affairs Minister S Jaishankar on Monday met Jamaican Prime Minister Andrew Holness and discussed ways to further deepen "political, economic and people-to-people cooperation."
Jaishankar also conveyed greetings from Prime Minister Narendra Modi to Holness.
"Pleased to call on Prime Minister @AndrewHolnessJM in Kingston. Conveyed the greetings of PM @narendramodi," Jaishankar posted on X.
"Discussed deepening our political, economic and people-to-people cooperation. Value his commitment towards further strengthening India-Jamaica relations," the post further read.
Also, the external affairs minister handed over 10 BHISHM (Bharat Health Initiative for Sahyog Hita & Maitri) Cubes as a gift to Jamaica.
"Formally handed over 10 BHISHM Cubes as a gift from India to Jamaica, in the presence of PM @AndrewHolnessJM, Health Minister @christufton and FM @kaminajsmith," Jaishankar posted on X.
"The BHISHM Cube mobile hospital system, designed for rapid deployment, will help Jamaica during disasters and emergencies. The gift of these cubes is a statement of friendship, a commitment to disaster preparedness, and an outcome of innovation," the post said.
Jaishankar arrived in Kingston on Saturday evening, marking the first leg of his nine-day tour of Jamaica, Suriname, and Trinidad and Tobago, aimed at further strengthening India's strategic and cultural ties with the Caribbean nations.
Earlier in the day, he interacted with the Indian diaspora and discussed India's ongoing transformation in infrastructure, human development and technology-driven governance and entrepreneurship with them.
He also highlighted the cricket bond between both countries as India gifted a scoreboard to Jamaica.
A scoreboard was dedicated at Sabina Park in Kingston. It is the home of the Jamaica cricket team and is the only Test cricket ground in the Caribbean island nation.
The minister expressed hope that the new scoreboard would witness many memorable innings, including those symbolising the enduring friendship between the two countries.
Cricket has long been a strong cultural bridge between India and Jamaica, which is part of the West Indies cricket team.
Jamaican players, including Chris Gayle, Courtney Walsh and Michael Holding, have played a major role in shaping the legacy of West Indies cricket in the international arena, contributing to its dominance in earlier decades and its continued global appeal.
