FM Sitharaman intervenes after 17-year-old Covid orphan received advice on Rs 29L loan
After the harrowing story of a covid orphan troubled by loan officers for repayment of a debt left by her father emerged, Union Finance Minister Nirmala Sitharaman stepped in and asked officials to consider the matter.
Vanisha Pathak, the Bhopal topper who wrote the poem ‘I’ll Stand Up Without You Daddy’ after scoring 99.8% in her Class X board just months after losing both parents to Covid, s now has legal notices on a home loan his father got out, The Times of India reported.
However, Sitharaman became aware of the issue and shared the report on Twitter, tagged Department of Financial Services and LIC India in his tweet and asked for a summary of the current status of the case. Social media users, who have appealed for help for the orphans, are now hoping Vanisha and her younger brother can get a solid respite from the authorities.
Great initiative ma’am. I’m sure the country can help children complete their education. Loans can be canceled. The country can sponsor the bright future of these children.
— Timsy Jaipuria (@TimsyJaipuria) June 5, 2022
His father, Jeetendra Pathak, was an LIC agent and had taken out a loan from the office. Since Vanisha is a minor, LIC has blocked all his savings and the commissions he would receive each month. Vanisha said India time that she wrote several times to the authorities to give her time to repay the loan when she was 17 but there was “silence on the other side”.
Local LIC officials were quoted in the report as saying her request had been sent to the central office, but Vanisha said she had not received any information about it.
She began to receive legal advice on her father’s behalf, advising him to pay debts or “prepare to face legal action”. On February 2, 2022, she received the final legal notice to repay Rs 29 lakh.
Vanisha’s parents died of Covid in the devastating second wave in May 2021. She looked at her younger brother and decided she had to fight through his shock and agony, eventually scoring nearly a perfect 100 on her class table X, according to the report.
“My father was a member of the Million Dollar Round Table (MDRT), a renowned insurance club. My father Jeetendra Pathak and my mother Seema Pathak passed away due to Covid in May 2021. Me and my 11 year old brother Vivan are minors and Covid orphans. Since we are minors, all of my father’s policies and his monthly commissions could not be withdrawn according to the rule. All sources of economic and financial income being blocked, we have no source of income. So all debt repayment can only be done when I turn 18,” Vanisha said in her letter.
However, LIC had not even responded to his letter, according to the report. Her maternal uncle, Professor Ashok Sharma, who is currently caring for the children, said he did not have enough resources to repay the loan. “Jeetendra was a bigleague LIC agent and the insurance company was expected to return the favor. We have not received anything in writing from the LIC indicating that they have considered our application,” he said. India time.
Meanwhile, LIC officials contacted by the publication said Vanisha’s request had been sent to the central officer’s superiors. “He was my agent. Vanisha’s uncle sent a request and I forwarded it to higher authorities. Although there was nothing in writing, I had informed the family that they would not receive any further notices until she turned 18,” the LIC Development Manager said. , Sanjay Barnwal.
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