Complaints against Pvt banks & microfinance companies in Coimbatore

COIMBATORE:
Coimbatore Collector S Nagarajan has warned that due action will be taken on the private finance companies that forced Women Self-Help Organisations to pay back their loans during the lockdown period.

In an official release that was sent out by the Office of the District Collector, it was said that the Collector has been receiving complaints from various places against private banks and microfinance institutions in and around Coimbatore.

“Through the complaints, it was learned that the private financial institutions and banks are forcing the Women Self-Help Organisations to pay back their loans during the lockdown period.

The self-help groups are in great distress owing to the curfew.

Hence it is advised not to force them to pay back the debts immediately rather give them some time extension,” read the release.


It was also stated that this issue is being supervised at the district level through the Project Director, Manager of District Lead Bank and Assistant Project Officers (Women Scheme).

The Collector has also warned that if any more complaints arise in this regard, due action will be taken against all those connected with the private banks and microfinance companies on the basis of overriding the curfew rules imposed by the government.

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