Public sector banks (PSBs) have sanctioned 1,33,080 unsecured loans for COVID-19 treatment till July 15, 2021, Finance Minister Nirmala Sitharaman said in a written reply to a question in Rajya Sabha.
KR Suresh Reddy, Member of Rajya Sabha from Telangana, tabled a question in the Upper House, seeking the state-wise number of people who were benefited from the government’s scheme of providing unsecured loans up to 5 lakhs for the treatment of COVID-19.
Sitharaman confirmed that banks have PSB’s announced policies to provide unsecured loans to individuals. “Banks are free to take credit related decisions within their Board-approved policies and within RBI’s prudential guidelines. Public Sector Banks (PSBs) have informed that they have announced unsecured loan facility to individuals to meet the COVID-19 treatment cost for the individual and his/her family members. All existing customers affected with COVID-19 are eligible to avail this collateral-free loan facility from PSBs in the form of a term loan, with repayment periods ranging from three to five years and an initial repayment moratorium period ranging from three to six months,” she replied.
|S.N.||State / Union territory||Number of loan accounts|
|1.||Andaman and Nicobar||425|
|8.||Dadra and Nagar Haveli||13|
|9.||Daman and Diu||14|
|15.||Jammu and Kashmir||410|