Parliament briefs: PSBs extend 133,000 loans for Covid-19 treatment

58.2 million inoperative Jan Dhan accounts, frauds at urban coop banks decline

Public sector banks have advanced 133,000 unsecured loans to individuals to meet Covid-19 treatment costs, Parliament was informed.

All customers affected by the pandemic are eligible to avail the collateral-free loan facility from PSBs in the form of a term loan, the finance ministry said. Repayment period of the term loans range from three to five years, and have an initial repayment moratorium period of three to six months.

58.2 million inoperative Jan Dhan accounts

About 58.2 million accounts under PM Jan Dhan Yojana (PMJDY) are inoperative as on July 28, 2021.

Inactive accounts have dropped from 67 million as on March 25, 2020.