Emergency Loan/Credit Line for Pensioners due to Covid-19 pandemic

Emergency Loan/Credit Line for Pensioners due to Covid-19 pandemic

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Sanjoy K Ghosh started this petition to Reserve Bank Of India and

This is regarding the problems, which are being faced by the people of our country due to COVID-19 pandemic. The Government has come out with various schemes, financial packages and relief measures for migrant workers, farmers, business entities, etc., etc.

However, is there anything for the pensioners?  Anything for those who gave the prime time of their life to the nation?  Instead of giving them relief, the Government did a bit on their part by freezing DA increase from Jan 2020 until 30 June 2021.  

Keeping in view the economic condition of the country due to lockdown, Reserve Bank of India, at their own announced three months’ moratorium on existing loan EMIs which is later extended by another 3 months.   Then why the Reserve Bank of India did not consider giving a loan to the pensioners who are also senior citizens of the country? 

Of course, a few Public Sector Banks like Indian Overseas Bank, Indian Bank, Union Bank of India, Bank of Baroda and United Bank of India are giving a loan to the pensioners but only to those pensioners who are drawing pension from their bank. 

That means, those pensioners who are drawing pension from banks other than the aforementioned banks, do not deserve any relief. 

Another thing is requiring the attention of the Reserve Bank of India.  Though all these banks, which are giving emergency loans to the pensioners due to COVID-19 are Public Sector Banks, their terms & conditions and eligibility criteria for giving a loan to the pensioners is different.  

This relief measure for the pensioners should have come from the Reserve Bank of India.  The terms & conditions and the eligibility criteria should have also been the same for all the banks. 

In view of the foregoing, I request Governor, Reserve Bank of India to sanction emergency loan/credit line to all those pensioners, who are in need and drawing pension from any pension disbursing bank on liberal terms & conditions and eligibility criteria.  So that they can meet the cash crunch, they are facing due to COVID-19 pandemic at their own, without the help of anyone, whosoever may be.

 

Therefore, I urge all my respected fellow citizens to sign this petition and join this campaign to save the plight of the senior citizens who served the nation selflessly throughout their life.  They deserve good gestures from the society for their selfless deeds for the country.

 

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