Karnataka - Mangalore   

Waive interest on loans of goldsmiths: MLA

Staff Correspondent

MANGALORE: Suratkal MLA Krishna J. Palemar has urged the Chief Minister to waive interest on loans obtained by artisans, especially goldsmiths.

In a letter addressed to Chief Minister H.D. Kumaraswamy and released to the media here, the MLA said many artisans; particularly goldsmiths in Dakshina Kannada district had taken loans from various financials institutions including banks and South Kanara Goldsmith Cooperative Society to manage their business. However, owing to lack of adequate work, most goldsmiths were finding it difficult to earn a decent livelihood.

Loan repayment

They were not even in a position to repay interest on loans obtained, he said and urged the Chief Minister to announce waiver of interest on lines with similar concessions shown to farmers, fishermen and weavers.

The Chief Minister has taken cognisance of his appeal and directed the Principal Secretary, Department of Cooperation, to take steps to mitigate sufferings of the goldsmiths, he said.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

Bus services yet to match commuters' needs
Government keen on reaching out to poor families
Australia keen on opportunities in healthcare sector
Funds to be arranged soon for second vented dam
Waive interest on loans of goldsmiths: MLA
Kerala releases Rs. 54.6 lakh subsidy to CAMPCO
Man sentenced to life imprisonment
CPI wants railway service to be resumed
In Mangalore Today

Copyright © 2006, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu