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The Hindu
The Hindu
National
Special Correspondent

G.O. issued for waiving jewellery loans

The State government on Monday issued orders to waive loans obtained by pledging gold jewellery up to gross weight of 40 grams (five sovereigns) from cooperative banks subject to provisions. The cut-off date in this regard has been set as March 31 this year.

The G.O. elaborated on the operational guidelines for the implementation of the scheme. The G.O. followed the announcement made by Chief Minister M.K. Stalin on the floor of the Assembly in September this year.

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