Appeal requesting to hold all ECS/Loans and Credit Card payments until July 1st 2020.

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25 March 2020

Shri Narendra Modi
Honorable Prime Minister of India
New Delhi

Sub: Humbly requesting to temporarily stop all ECS/Loans and Credit Card payment dues for "All Citizens" in The Republic of India, until July 1st 2020.

In an effort to fight against Coronavirus [COVID-19] and to safeguard all citizens in The Republic of India from being infected, we sincerely appreciate the swift and courageous action taken by the Honorable Prime Minister, to lockdown the Nation to stop the spread of this deadly and contagious virus.

While health is the utmost priority, this nationwide lockdown has been directly impacting all individuals and businesses, and putting the economy of this Nation into a lockdown state. With over 98% of the population being middle and lower classes, all people in this country work day and night to fulfill the loans obtained through banks for Housing Loans, Mortgages, Business/SME Loans, Auto Loans, Gold Loans, Credit Cards, and other forms of recurring repayments made available through Financial Institutions.

All these Loans have been borrowed by the citizens of India with the belief and trust on this growing economy. Every Individual has no intention of defaulting these loans and the repayments have been scheduled/planned with the belief and confidence of receiving timely Salary from the Employer and the Employer can honor these salaries and payments only if the businesses are kept open. Under the current lockdown situation there is a huge amount of financial stress both on the Employee and the Employer.

So we humbly request your kind intervention and action to give us some respite during this economic and financial crisis by requesting All Financial Institutions of this Nation, to temporarily help all financial borrowers to withhold all EMI/ECS/Loan payments for a brief period until July 1st 2020, by this time we truly believe that our economy will bounce back and revive under your able guidance and leadership.