India News | Moratorium Till Dec 31 on Seizures Related to Loans Taken by Farmers, Fishermen: Kerala CM
Get latest articles and stories on India at LatestLY. : The Kerala government has decided to impose a moratorium till December 31 on distraint proceedings against farmers, fishermen and small traders in connection with the loans taken by them, Chief Minister Pinarayi Vijayan said on Wednesday.
Thiruvananthapuram, Oct 20 (PTI): The Kerala government has decided to impose a moratorium till December 31 on distraint proceedings against farmers, fishermen and small traders in connection with the loans taken by them, Chief Minister Pinarayi Vijayan said on Wednesday.
Speaking to reporters on Wednesday, he said the Cabinet has decided to declare the moratorium in view of the tidal attacks, prevailing COVID-19 pandemic and the damage to crops due to the rains in the State.
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He said the Cabinet has decided to speak also to the Reserve Bank of India and State-level bankers' association to extend till December 31 the moratorium on loans availed from nationalised banks, private banks and non-banking financial institutions.
Besides that, the Cabinet decided to institute a State-level award on the lines of the central government's Padma Awards, the Chief Minister said.
The new award would be called Kerala Awards and would comprise three categories -- 'Kerala Jyothi', 'Kerala Prabha' and 'Kerala Shree', he said.
Vijayan said that 'Kerala Jyothi' would be awarded to one person, 'Kerala Prabha' to two persons and 'Kerala Shree' to five, every year and would be awarded on the basis of the recommendations of two committees.
The Department of Public Administration would invite nominations in April every year after announcing the number and details of the awards and the recipients would be announced on November 1 - formation day of the State of Kerala, he said.
The award ceremony would be held at the Raj Bhavan, he added. PTI
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)