Mysuru: Belli Prakash, a Kadur MLA and president of the Karnataka State Co-operative Apex Bank Limited, has stated that if a member of a co-operative society died as a result of Covid-19, their loans will be cancelled.
He stated that a decision had been made in this regard at a recent meeting. Up to Rs. 1 lakh in additional loans would be waived.
"The family members of a farmer who died of Covid can apply for the waiver in their nearest banks," he said.
According to the minister of Co-operation S.T Somashekhar, the chief minister would issue an official order on the loan waiver.
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