As many as 1390 cases of mining loan borrowers with a total loan liability of Rs 110 crore has been closed down through the State government’s proposed One Time Settlement (OTS) scheme, Chief Minister Laxmikant Parsekar informed the State Legislative Assembly on Wednesday.
Parsekar, also State Mines Minister, told the House that letters are being issued to the Non-banking financial institutions (NBFI) to not attach the assets of the loan defaulters but rather propose the OTS scheme.
BJP MLA from the mining belt of Sanquelim, Pramod Sawant informed the House how the Goa Urban Co-Operative Bank and NBFI has refused to go for the OTS scheme and rather has issued notices to the defaulters.
“The Government is initiating all the steps, in the larger interest of the State, to ensure that mining loan borrowers get maximum benefit,” Parsekar said. The Chief Minister said that the nationalized banks have so far closed 1143 cases. Financial institutions have settled 141 cases while co-operative banks have closed 106 loan accounts. “Till date, loan liability of Rs 110 crore has been settled,” he said.
Parsekar said that the banks and financial institutions are asked to waive off the interest on the loan amount.
