Against the backdrop of complaints that some banks have been deducting money from the accounts of beneficiaries of Kalaignar Magalir Urimai Thittam against outstanding dues or citing administrative costs/service charges, Finance Minister Thangam Thennarasu on September 17 said action would be taken against banks that violated the agreements.
The Minister underlined the agreements signed between the State government and the banks that money from the Magalir Urimai Thittam should not be deducted over administrative costs. “The transactions from those banks that violate the agreement would be transferred and further action would be initiated.”
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