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Farmers of Salem, Tiruchi, Erode constitute a substantial chunk of beneficiaries
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Though a portion of the total loans waived pertains to “agricultural jewel loans”, this has been done in respect of the first-time borrowers.
| Photo Credit:
G. Moorthy
Farmers of Salem, Tiruchi, Erode constitute a substantial chunk of beneficiaries
The Tamil Nadu government’s crop loan waiver scheme has again spotlighted how skewed the distribution of benefits is.
Farmers in Salem, Tiruchi and Erode constitute a substantial chunk of the beneficiaries. Around 31% of the total outstanding loan amount waived ₹3,727.72 crore out of ₹12,110.75 crore is from these regions. Again, in terms of beneficiaries, those in these regions 4,28,138 account for 26% of the total of 16,43,347 farmers.
Want to see up to $50,000 of your federal
student debt canceled?
âSend a note to President Biden,â suggests Senator Elizabeth Warren.
In a virtual town hall with constituents Wednesday evening, Warren exhorted supporters to take the student debt issue, and other progressive causes, directly to the new occupant of the White House. So far, Biden has proved unconvinced by a pitch from Warren and others to immediately cancel a big chunk of federal student loan debt for the roughly 44 million Americans who carry it. Instead, Biden has called on Congress to pass legislation forgiving up to $10,000 in student debt per borrower.
AM Best Affirms Credit Ratings of Acerta Compañia de Seguros, S.A.
AM Best has affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of bbb- of Acerta Compañia de Seguros, S.A. (Acerta) (Panama). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect Acerta s balance sheet strength, which AM Best categorizes as strongest, as well as its marginal operating performance, neutral business profile and marginal enterprise risk management (ERM).
The ratings also recognize Acerta s affiliation to Grupo Prival, S.A., its ultimate parent, following management s decision to reduce pressure in the regulatory capital requirement of its main financial institution, Prival Bank S.A., through major shareholder ownership of its insurance operation.