The "Navakeraleeyam arrear clearance scheme," aimed at clearing co-operative loan dues, will be conducted from 1st March to 31st March. Previously, the scheme was implemented from November 1, 2023, to January 31, 2024. Under the scheme, outstanding borrowers will have the opportunity to close their loan accounts with a maximum interest concession of 50 percent, subject to conditions. Provisions are also included for paying off loans with concessions for deceased, terminally ill, and extremely poor persons.

Last updated on :28-02-2024