Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Friday said the State Level Bankers Committee (SLBC) in consultation with the Reserve Bank of India (RBI) would be exploring the possibility of setting up interest-subvention facilities for borrowers affected by natural calamities.
He said the move was expected to provide much-needed financial relief to affected borrowers, aiding them in their recovery efforts as they rebuild their lives and businesses in the wake of the devastating rains that hit the hill State this monsoon season.
“In the wake of hardships faced by borrowers in areas ravaged by unprecedented monsoon rains triggering flash floods and landslides, the State government has taken decisive action to restructure loans. The decision aims to provide relief to those whose economic stability has been severely affected due to the disaster,” he said in Shimla.
