State-Run Banks Sanctioned 1.33 Lakh COVID-19 Loans: Centre Tells Rajya Sabha

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
2. Andhra Pradesh 2,791
3.  Arunachal Pradesh 44
4. Assam  2,006
5. Bihar 5,151
6. Chandigarh 408
7. Chhattisgarh 1,000
8. Dadra and Nagar Haveli 13
9.  Daman and Diu 14
10. Delhi 2,126
11. Goa 550
12. Gujarat 4,620
13. Haryana 2,324
14. Himachal Pradesh 814
15. Jammu and Kashmir 410
16. Jharkhand 2,887
17. Karnataka 10,391
18. Kerala 4,801
19. Ladakh 6
20. Lakshadweep 125
21. Madhya Pradesh 3,092
22. Maharashtra 7,967
23. Manipur 206
24. Meghalaya 98
25. Mizoram 13
26. Nagaland 182
27. Odisha 5,522
28. Puducherry 509
29. Punjab 3,520
30. Rajasthan 2,357
31. Sikkim 192
32. Tamil Nadu 33,917
33. Telangana 3,389
34. Tripura 156
35. Uttarakhand 910
36. Uttar Pradesh 12,569
37. West Bengal 8,000
Total 1,33,080  

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