Jayalalithaa seeks Rs 25,900 cr from Centre as flood relief

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Tamil Nadu Chief Minister J Jayalalithaa has sought Rs 25,900 crore from Centre towards flood relief and restoration. Unprecedented rain wreaked havoc across Tamil Nadu with state capital Chennai and Puducherry witnessing large scale devastation recently.

Nearly 300 people were across the state in rain related incidents. Assocham had earlier said that the financial losses from the torrential rains and floods in Tamil Nadu might exceed Rs 15,000 crore. Automobile and IT industry were affected the most.

Earlier this week, Union Finance Minister Arun Jaitley during his visit to Chennai asked bankers to go mission mode to extend soft loans to people in the flood-affected districts of Tamil Nadu. Jayalalithaa had then asked Jaitley to release Rs 2,000 crore for sustaining reconstruction efforts.

Jaitley held discussions with Jayalalithaa during which she apprised him of the “calamity of unprecedented magnitude” that ravaged the Chennai, Kancheepuram, Tiruvallur and Cuddalore districts.

“We have set high targets for the banks today,”Jaitley told reporters after the meeting.

There are about 2,600 bank branches in the four affected districts and the bankers have been told that applications for soft loans have to be considered “almost on a mission mode.” Prime Minister Narendra Modi had announced an additional Rs 1000 crore help for the affected state earlier this month.

source: http://www.msn.com/en-in/news/chennaifloods

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