City
Epaper

Sitharaman intervenes as Covid orphan receives loan recovery notices

By IANS | Updated: June 6, 2022 14:00 IST

New Delhi, June 6 After reports emerged of a teenage Covid orphan being troubled by loan agents for ...

Open in App

New Delhi, June 6 After reports emerged of a teenage Covid orphan being troubled by loan agents for the repayment of outstanding debt left behind by her late father, Union Finance Minister Nirmala Sitharaman intervened and asked officials to take up the case.

The finance minister has asked the Department of Financial Services and Life Insurance Corporation to look into the matter.

"Please look into this. Also brief on the current status," Sitharaman tweeted while attaching the news report titled "Orphaned Topper Faces Loan Recovery Notices" with it.

The father of 17-year-old Vanisha Pathak from Bhopal was an LIC agent and had taken a loan from his office.

Since Vanisha is a minor, LIC has blocked all her father's savings and the commissions he would get every month, as per the report. Her father died during the second wave of Covid in 2021. She had reportedly received the last legal notice on February 2, 2022, to repay Rs 29 lakh, or else would be subjected to legal consequences, the report said.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Department of financial services and life insurance corporationNirmala SitharamanUnion FinanceNirmala seetharamanBjp state spokesperson
Open in App

Related Stories

NationalGST Overhaul: Council Targets Uniformity, Balances Relief for Middle Class with Luxury Tax Hike

NationalGST Council Meeting: Middle-Class Households Poised to Gain Big from Tax Relief

NationalNirmala Sitharaman Likely to Introduce New Income Tax Bill in Lok Sabha Next Week

NationalLoan EMI Calculator: How Much Will You Save With Lower EMIs and New Income Tax Slabs?

MaharashtraBudget 2025: Sanjay Raut Calls Special Announcements for Bihar an 'Election Package' (Watch Video)

Politics Realted Stories

NationalGujarat Cabinet Expansion: BJP President JP Nadda To Discuss Cabinet Reshuffle With CM Bhupendra Patel Today

NationalPrashant Kishor's Jan Suraaj Party Announces List of 51 Candidates for Bihar Assembly Elections 2025

MumbaiAmeet Satam Appointed As Mumbai BJP President Ahead of BMC Polls

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'