1st Tranche of Rs 42 Crore Brings Relief to1,223 in Three Districts

Published: 21st December 2015 04:28 AM  |   Last Updated: 21st December 2015 04:28 AM   |  A+A-

CHENNAI: Union Minister Arun Jaitley distributed the first tranche of loans, worth Rs 42.07 crore,for relief and rehabilitation for 1,223 flood affected persons in Chennai, Kancheepuram and Tiruvallur districts. As many as 154 beneficiaries also received insurance compensation totaling Rs 5.93 crore.

Out of the 1,223 beneficiaries who received loans, 129 persons received financial assistance of Rs 3.25 crore for construction/renovation of damaged houses. 420 women received loans to the tune of Rs 5 crore. 659 persons were also given loans totaling Rs 9.02 crore under the Prime Minister’s Mudra Yojana to help repair severely affected or destroyed machinery and stocks.

In addition to MUDRA Loans, 85 MSME units were given Rs 26.95 crore and 350 persons whose household belongings had been washed away or damaged were given Rs 2.84 crore.

The four public sector general insurance companies have conducted mega camps at 9 places in the flood-affected districts and have received 11,811 claims amounting to 1,990 crore, said Jaitley, out of which 1,975 claims have been paid out with an amount of Rs 2,680 lakh.

Life Insurance Corporation of India, with 176 express claim settlement centres in operation, has paid 11 claims totaling Rs 56 lakh. Certain documents/bills required for settlement of claims are being waived and special claim settlement camps are now being conducted by Public Sector Undertaking (PSU) insurance companies.

State Finance Minister Panneerselvam, who was also present, stated that the loans being distributed at the event were a welcome step in helping the lakhs of affected victims.

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