Banks, NGOs asked to stop loan recovery until April '08
Wednesday, 5 December 2007
Army Chief General Moeen U Ahmed has asked banks and NGOs to waive payment of loan instalments until April 2008 in the cyclone-hit areas considering suffering of the victims, reports bdnews24.com.
He made the comment while talking to the press after receiving donations from people and organisations to the army relief fund at the Army Headquarters in the city Tuesday morning.
"Banks and NGOs should waive loan instalments at least until April next year considering the distress of the hapless cyclone-hit people," Moeen said.
"The job of the NGOs is to help the poor, not to chase them for recovery of loan instalments. Media reports have it that they are pressing them for repayment. It is not desirable at all," he added.
"I want that the NGOs waive the instalments for the next four months. If they cannot do it, at least they should not chase the helpless people for instalments. The banks and NGOs can realise the money later through spreading the dues over later instalments."
He urged the top officials of NGOs and banks to be kind toward the Sidr victims.
The army supremo said nearly Tk 110 million (Tk 11 crore) had been donated to the army relief fund and 11 organisations made donations on the day.
"The money raised for cyclone relief fund will be spent on building schools, colleges, mending roads and helping the poor people".
He made the comment while talking to the press after receiving donations from people and organisations to the army relief fund at the Army Headquarters in the city Tuesday morning.
"Banks and NGOs should waive loan instalments at least until April next year considering the distress of the hapless cyclone-hit people," Moeen said.
"The job of the NGOs is to help the poor, not to chase them for recovery of loan instalments. Media reports have it that they are pressing them for repayment. It is not desirable at all," he added.
"I want that the NGOs waive the instalments for the next four months. If they cannot do it, at least they should not chase the helpless people for instalments. The banks and NGOs can realise the money later through spreading the dues over later instalments."
He urged the top officials of NGOs and banks to be kind toward the Sidr victims.
The army supremo said nearly Tk 110 million (Tk 11 crore) had been donated to the army relief fund and 11 organisations made donations on the day.
"The money raised for cyclone relief fund will be spent on building schools, colleges, mending roads and helping the poor people".