Daijiworld Media Network – Mangaluru (EP)

Mangaluru, May 27: Dakshina Kannada deputy commissioner Dr Rajendra K V in a press release dated May 27 banned microfinance companies, cooperative societies and non-banking financial companies from demanding the repayment of loans borrowed by people during the pandemic.

He stated that the district administration on the directions from the government is taking precautions to break the chain of coronavirus. "It is necessary to avoid crowds and gathering to contain the virus. Travel is only permitted for emergency reasons," the DC said.

The deputy commissioner has appointed the below people as nodal officers. People can reach out to them with their grievances concerning microfinance companies and non-banking financial companies that are demanding the repayment of loans.

Praveen, lead district manager for Mangaluru can be contacted on the - 9449860916 and will receive concerns pertaining to non-banking financial companies. Meanwhile, the nodal officer for microfinance companies and cooperative societies is Praveen B Nayak, deputy regulatory of cooperative societies for Mangaluru. He can be contacted on - 9448633338.

The nodal officers are directed to respond to the complaints from borrowers swiftly. They should provide solutions to the problems of people by working in coordination with borrowers and the microfinance companies, cooperative societies and non-banking financial companies.