TAMIL NADU

“Repay loans promptly”

Special Correspondent

CHENNAI: The need for borrowers to make prompt repayment of cooperative bank loans was stressed by speakers at the 54th All India Cooperative Week celebrations here on Monday.

Presiding over the programme, the Secretary, Cooperation, Food and Consumer Protection, K. Shanmugham, said Tamil Nadu enjoyed the unique distinction of leading the country in the cooperative movement. However, despite achievements, still some problems existed here and there. Loanees should pay back the borrowed sum promptly so that banks could extend loans to a larger number of people.

Finance Minister K. Anbazhagan distributed aid under welfare schemes.

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