Loans  

All the lenders are expected to see loss of business and low collection efficiency as the flood-affected borrowers would prioritise restoring normal life in such circumstances, global analytical company CRISIL said in its report.

 Jaitley said insurance companies have been directed to settle claims and banks asked to give loans so that people can get a breathing space in rebuilding their lives
 

Modi said, "There was a special tradition of phone banking and it was so widespread that if any 'naamdar’ (big shot) made a phone call, people seeking the loan would easily get it."

Kumaraswamy said that earlier the farming community contributed 50% to the nation's GDP but now it has reduced to 15%, and thus there is a need for people's representatives to get involved in such activities and encourage the farmers