CS asks banks not to keep loan applications pending

ITANAGAR, Oct 29: Chief Secretary (CS) Naresh Kumar on Thursday advised the bankers in the state not to keep applications pending at the banks for a long time, clear the applications within two weeks, “and sanction within December 2020.”

Chairing a state level monitoring committee meeting on the Prime Minister’s Employment Generation Programme (PMEGP) here, Kumar also gave assurance that he would “request the government of India for additional target.”

Arunachal Pradesh Khadi & Village Industries Board (APKVIB) Chairman Dominic Tadar, who also attended the meeting, requested the KVIC to provide more fund/scheme to the APKVIB “for successful implementation in the districts,” while Industries Secretary Hage Tari presented

a brief on the status of the PMEGP. He also suggested to the bankers to clear the pending applications, and spoke on the importance of the PMEGP.

Guwahati (Assam)-based NEZ CEO Dr S Deb made a PowerPoint presentation on the new guidelines of the PMEGP, and the SBI regional manager assured to sanction the pending PMEGP applications at the earliest possible and to “achieve 100 percent target.”

State KVIC Director AP Chobin said several projects have been implemented in the state besides the PMEGP. He said that “90 percent of the PMEGP is financed by the SBI in the state.”