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Repayment of loan under government scheme
15-Jun-2023 (In Banking / Finance Law)
Sir i took loan under mukhyamantri swarojgar yojana mp 2012, the business got a heavy loss and got shut down, i am doing job in indore with salary of 15000, i asked bank to cooperate and stop harassing me and my family, i even given them offer to settle it by 20% of the loan amount,but they are not ready settle and troubling me alot. Plz suggest me. My loan amount is 8.5lac. The case is in court for morr then 1year.
Dear,
Please visit the bank and ask whether there is any OTS scheme (means one time settlement) and ask them what are the benefit of the scheme for the borrowers, and try to settle the loan under that scheme, if there is no scheme please wait for the same. I want to make it clear that you have availed the loan, which is a public money, therefore, you have to pay the same today or tomorrow.
Thanks for the query
Please visit the bank and ask whether there is any OTS scheme (means one time settlement) and ask them what are the benefit of the scheme for the borrowers, and try to settle the loan under that scheme, if there is no scheme please wait for the same. I want to make it clear that you have availed the loan, which is a public money, therefore, you have to pay the same today or tomorrow.
Thanks for the query
Helpful?
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Adv. Vivek Shukla
Jabalpur | 25+ Answers
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