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Extension of moratorium on instalments of bank loans

GOA: With their plea for an extension of the moratorium on payment of instalments of bank loans of vehicles not yet addressed, many taxi owners have started defaulting on their payments. Speaking to, North Goa Tourist Taxi Owners Association’s (NGTTOA) vice-president Ravindra Vengurlekar said they have been requesting bank officials, who have started visiting homes of defaulters, to exercise restraint for a little more time because of the Covid-19 situation.

“People are not paying because they don’t have the money. However, since tourists have started coming to Goa, business is slowly picking up. I have spoken to some bank managers not to take any punitive steps, because right now they will have no resale value as people don’t have money to buy vehicles,” Vengurlekar said.

“A lot of tourists are coming, but most are driving down in their own vehicles. There are also tourists coming by flights, but they only take a taxi to the hotel and then don’t move around. They just relax in the resorts,” the NGTTOA vice-president said.

The News24 Goa

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