Karnataka CM directs Chief Secretary to instruct banks not to deduct Gruha Lakshmi amount for loan instalments
Karnataka Chief Minister D. K. Shivakumar has ordered banks to stop deducting loan installments from the monthly payments provided to women under the Gruha Lakshmi welfare scheme. The directive follows complaints that financial institutions were seizing these funds, which are intended for essential household and educational expenses.
Why it matters
This intervention protects the financial security of over 12 million low-income women, ensuring that government welfare reaches its intended beneficiaries without being intercepted by creditors.
Chief Minister D. K. Shivakumar has instructed authorities to issue directions to banks and financial institutions not to deduct the monthly payments made out to women beneficiaries under Gruha Lakshmi scheme towards loan instalments or interest.
Responding to a representation by Guarantee Implementation Authority State vice-president and MLC Dinesh Gooligowda, the Chief Minister has written to Chief Secretary Shalini Rajneesh to issue strict instructions to banks. “Write to the Bank Management Board, clearly inform them not to deduct money from Gruha Lakshmi beneficiaries’ accounts towards loan instalments,” he directed the Chief Secretary.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in