Wayanad: Protests towards Kerala Gramin Financial institution after EMI deducted from reduction fund meant for landslide survivors

Protests have intensified towards the Kerala Gramin Financial institution in Kalpetta, Wayanad after EMIs of the Mundakkai-Chooralmala landslide survivors had been deducted from the reduction funds meant for them.

The protest is being led by youth organisations of assorted political events who blocked the doorway of the financial institution as they stormed the constructing.

The Kerala Gramin Financial institution has allegedly charged Rs 15,000 because the month-to-month installment from the account of one of many landslide survivors in Wayanad.

JANISHA P A, District Committee member, DYFI: “Our protest is towards the Kerala Gramin Financial institution deducting EMIs from the accounts of landslide survivors in Mundakkai and Chooralmala”.

Q. What’s your demand?

A. We wish the deducted quantity to be refunded to the account holders and we additionally need the Financial institution to present a public apology for its actions. If not, we’ll maintain protests outdoors all Gramin Banks.”

DYFI Member: “Until the deducted quantity is refunded and we’re given particulars of the motion taken, and the Financial institution points an apology, we’ll proceed this protest.”

In the meantime, Chief Minister Pinarayi Vijayan has urged varied banks to write down off the loans availed by landslide victims and survivors in Wayanad.

He mentioned waiving loans wouldn’t impose any insufferable burden upon the banks and so it ought to be written off utterly.

Vijayan additionally identified that leisure in curiosity quantities or extension of time for remitting month-to-month instalments would additionally not be an answer within the landslide-hit areas.

PRADEEP Okay S, Convener (Kerala), State Stage Banking Committee: “Not less than in some circumstances, whole households have been washed off or deceased. In such circumstances and the place the breadwinner is just not there, we have now requested the banks to take up with their boards for waiving of the loans as a result of the Chief Minister’s recommendation was additionally to waive off the loans. We (SLBC) don’t have the facility to instruct to waive off mortgage.”

“Wherever this moratorium is required, as a result of above 50% crop loss, we may give as much as one 12 months of moratorium and 4 years for compensation. That instruction has been given to all banks for 5 12 months interval, out of which one 12 months might be moratorium.”

Main landslides hit the Mundakkai and Chooralmala areas of Wayanad on July 30, nearly decimating each areas and killing over 200 individuals and injuring many.