Mokokchung, July 3 (MTNews): President of the Nagaland Pradesh Congress Committee, K Therie, has alleged that the much talked about “MSME’s 20lakh Crore investment and all papers that are notified by the Central Government” are not applicable in Nagaland as per Banks and Financial Institutions.
“Rules of SBI and other Financial Institutions are different. They do not respect the notifications of GOI that were notified and read in the public domain.
Implementation wise, there is no such thing as CGS loan (Credit Guarantee Scheme), there is no such thing as Unsecured loan (without security), there is no such loan than can revive sick industries, there is no such thing as Start Up entrepreneur’s loan in Nagaland,” Therie stated in a press release.
He also alleged that selection of beneficiaries of PMRY loan are made politically thus beneficiaries think it is a political gift. “Selection of beneficiaries is not based on skill, commitment, feasibility report, etc, but is done on carbon copy project reports. As they do not repay, the Banks blame the public and refuse to give loans,” he added.
The state Congress president also alleged that the Nagaland State government delayed implementation of SARFAESI Act for several years not knowing of the Nagaland Revenue and Regulation Act. He also said that the State government also has not declared Cadastral Areas excepting a small part of Dimapur city. “As such, Banks and Financial Institutions have not taken up any Micro, Small, Medium Enterprise scheme in the State,” Therie said.
Saying that the state budget is for “salary allowances,” Therie said the strength of government employees has ballooned from 76,000 to 1,45,000 and that “backdoor appointments have deprived all reservation policies.” He added, “After paying for huge Debt Servicing, the remaining development funds are shared by ruling politicians and insurgent groups. Most of the months, there is shortage for payment of salaries.”
Therie further alleged that the Chief Minister has built a chain of Resorts and Hotels of his own while five cases of money laundering have been filed by ED against CMO officials and his relatives. “These people were just simple and innocent people who have been used. The only way to develop in Nagaland is through corrupt money,” he added.
Therie further claimed that Niti Aayog graded Nagaland State as the worst performing state. He also said, “the Governor declared law and order has completely failed due to uncontrolled multi-parallel insurgent government whose job is extortion while waiting for implementation of political solution announced by the Prime Minister to the nation as resolved in 2015.”