you are here: HomeNewsPolitics

Tamil Nadu Assembly Polls | Ahead of elections, K Palaniswami waives loans taken by poor, SHGs

CM K Palaniswami announced in the state assembly the waiving of loans taken by pledging ornaments by the poor and farm labourers and women self help groups from cooperative societies and cooperative banks.

February 26, 2021 / 04:30 PM IST
Tamil Nadu CM K Palaniswami.

Tamil Nadu CM K Palaniswami.

It is loan waiver season in Tamil Nadu ahead of the assembly polls.

Tamil Nadu Chief Minister K. Palaniswami on Friday announced in the state assembly the waiving of loans taken by pledging ornaments by the poor and farm labourers and women self help groups from cooperative societies and cooperative banks.

Palaniswami said poor people and farm labourers are finding it difficult to pay back these loans taken to tide over their financial difficulties during the Covid-19 pandemic period.

Tamil Nadu govt enhances retirement age of its employees to 60 years

He said in order to help them out the government has decided to write off loans taken by pledging up to six sovereigns by poor and farm labourers from cooperative societies.

Close

COVID-19 Vaccine

Frequently Asked Questions

View more
How does a vaccine work?

A vaccine works by mimicking a natural infection. A vaccine not only induces immune response to protect people from any future COVID-19 infection, but also helps quickly build herd immunity to put an end to the pandemic. Herd immunity occurs when a sufficient percentage of a population becomes immune to a disease, making the spread of disease from person to person unlikely. The good news is that SARS-CoV-2 virus has been fairly stable, which increases the viability of a vaccine.

How many types of vaccines are there?

There are broadly four types of vaccine — one, a vaccine based on the whole virus (this could be either inactivated, or an attenuated [weakened] virus vaccine); two, a non-replicating viral vector vaccine that uses a benign virus as vector that carries the antigen of SARS-CoV; three, nucleic-acid vaccines that have genetic material like DNA and RNA of antigens like spike protein given to a person, helping human cells decode genetic material and produce the vaccine; and four, protein subunit vaccine wherein the recombinant proteins of SARS-COV-2 along with an adjuvant (booster) is given as a vaccine.

What does it take to develop a vaccine of this kind?

Vaccine development is a long, complex process. Unlike drugs that are given to people with a diseased, vaccines are given to healthy people and also vulnerable sections such as children, pregnant women and the elderly. So rigorous tests are compulsory. History says that the fastest time it took to develop a vaccine is five years, but it usually takes double or sometimes triple that time.

View more
Show

Similarly, in order to help the women self help groups who are finding it difficult to pay back their loans taken from cooperative banks and cooperative societies, the government has decided to waive their loans, Palaniswami said.

Palaniswami pointed out that the government had earlier waived farm loans to the tune of Rs 12,110 crore taken by about 16.43 lakh farmers.

Earlier in the day Palaniswami inaugurating the Rs 565 crore Mettur surplus water scheme in Salem said 24-hour three-phase free power will be supplied to agricultural pumpsets from April 1, 2021.
IANS

stay updated

Get Daily News on your Browser
Sections