The Assam government has announced a six-month moratorium on loan instalments for borrowers in four districts severely affected by the recent floods. The districts of Sivasagar, Charaideo, Golaghat, and Jorhat will benefit from this relief measure, which aims to provide immediate financial assistance to those whose homes, livelihoods, and businesses have been impacted by the deluge.
Chief Minister Himanta Biswa Sarma made the announcement on Thursday night, stating that the moratorium will be effective from July 19, 2026, and will apply to borrowers with standard loan accounts, excluding non-performing assets (NPAs). The relief will cover a range of loans, including housing, education, vehicle, crop, SHG, fishery, poultry, piggery, dairy, and micro, small and medium enterprises loans.
During the six-month moratorium period, eligible borrowers will not be required to pay their regular loan instalments. After the moratorium period, borrowers will be allowed to extend their loan repayment tenure by six months to one year, depending on their requirements and applicable banking norms. This move is expected to ease the financial burden on families, farmers, and self-help groups affected by the floods.
The chief minister also announced that the government will undertake a detailed assessment of losses from August 7 to ensure every affected family receives the support they are entitled to, in addition to the interim relief of Rs 15,000. Furthermore, the government is working with the RBI to provide assistance to NBFC loan borrowers and MMUA beneficiaries affected by the floods.
The loan moratorium is a welcome move to provide relief to those affected by the floods, and the government’s efforts to provide additional support and assistance will be closely watched by the affected communities.
