Dimapur, July 3 (EMN): President of the Nagaland Congress Pradesh Committee (NPCC), K Therie, has alleged that the much talk-about MSME’s 20 lakh 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 said in a press release.
Alleging that selection of beneficiaries of PMRY loans were made politically, Therie, claimed that the 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 alleged.
The NPCC chief also alleged that the state government has delayed implementation of SARFAESI Act for several years due to ignorance of the Nagaland Revenue and Regulation Act and added that Nagaland government had, till date, 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.
Pointing out that the state budget is for salary allowances, he said the strength of government employees has ballooned from 76,000 to 1,45,000 and that “backdoor appointments” has deprived all reservation policies.
“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,” he alleged.
Therie further claimed that Niti Aayog had graded Nagaland state as the worst performing state.