Kohima, July 3 (MexN): The Nagaland Pradesh Congress Committee today charged the State Government for lacking a policy to finance private sector.
Among others, it alleged that the ‘much-talked’ Rs 20 crore MSME (Micro, Small and Medium Enterprises) investment and all papers that are notified by the Government of India (GoI) are not applicable in Nagaland as per the banks and financial institutions.
“Rules of SBI and other Financial Institutions are different,” stated the NPCC in a press release issued by uts president K Therie.
They do not respect the notifications of GOI that were notified and read in the public domain and implementation wise, there is no such thing as CGS loan (Credit Guarantee Scheme) or Unsecured loan (without security), it said.
There is no such loan than can revive sick industries or Start Up entrepreneur’s loan in Nagaland, it added.
The NPCC also alleged that the election of beneficiaries of Pradhan Mantri Rozgar Yojana (PMRY) loan are “made politically” and hence, 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,” it said.
The NPCC also accused the State Government of delaying the implementation of SARFAESI (Securitisation and Reconstruction of Financial Assets and Enforcement of Securities Interest) Act for several years not knowing of the Nagaland Revenue and Regulation Act.
Except for a small part of Dimapur city, the State Government also has not declared Cadastral Areas, it added. Accordingly, the NPCC said that banks and financial institutions have not taken up any MSME scheme in the State.
Meanwhile, the NPCC claimed that State budget is for “salary allowances” and the strength of government employees has “ballooned from "76,000 to 1, 45,000.
It further noted that backdoor appointments have deprived all reservation policies and after paying for huge debt servicing, the remaining development funds are “shared” by ruling politicians and different Naga political groups. Most of the months, there is shortage for payment of salaries, it added.
The NPCC also pointed out that Chief Minister has “built a chain of Resorts and Hotels of his own” and “Five cases of money laundering have been filed by ED (Enforcement Directorate) against CMO (Chief Minister's Office) officials and his relatives.”
To highlight problems facing the State, it further listed out the reported designation of Nagaland by Niti Aayog as the “Worst Performing state;” Governor’s declaration of law and order’s failure due to uncontrolled multi-parallel governments; medical colleges, High Court and Dimapur Stadium construction issues, and so on.
Many more development funds were drawn without implementing, the NPCC further asserted.
