SHIMOGA: Borrowers’ Welfare Association, a registered body operating in Bangalore, has come into existence in Shimoga too, claimed its founder president M M Kini. It will be formally inaugurated at a simple programme to be held in Shimoga on October 2, he added.
Borrowers’ Welfare Association, formed by former executives of different banking institutions, has so far helped over 25,000 borrowers in Karnataka and three other States, he added.
Talking to reporters in the District on Tuesday, he said the organisation would extend all support and cooperation apart from giving guidance to the borrowers who were in genuinely in distress or trouble due to harassment by bankers.
Citing an example he said in a case filed against State Government and the Union Government in Karnataka High Court.
He said the Court had directed the Debt Recovery Tribunal not to collect any fee from the borrowers when they file a case to the Tribunal under the Securitisation and Reconstruction Act.
He said the interested borrowers, who were in need of any help from the Association, might contact him or others over telephones: 080-51533362 / 51533366 / 94483-81395; 93412-26631 / 93431-62087; 94484-38013 / 93411-55956.
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