The DMK government has made it clear in the Tamil Nadu Legislative Assembly on Monday that it would waive gold jewellery loans only for bona fide persons who meet the eligibility criteria and not for those who obtained loans with mala fide intentions.
Responding to AIADMK legislator Agri S.S. Krishnamurthy (Polur), who raised the issue of gold jewellery loan waiver in the House, Cooperation Minister I. Periasamy pointed out several cases of misuse while obtaining gold jewellery loans from cooperative societies. In many cases reported in Kancheepuram, Namakkal, Pudukkottai, Thoothukudi, Tiruvannamalai and Ramanathapuram districts, “fake jewellery” were deposited to obtain loans, the Minister said.
When Leader of the Opposition Edappadi K. Palaniswami contended that the DMK’s election manifesto had misled people over waiving gold jewellery loans, Chief Minister M.K. Stalin said some people attempted to intentionally misuse the loan waiver, and hence, it did not apply to them.
