Excelsior Correspondent
JAMMU, Nov 28: Citizens Forum has appealed Lt Governor, G C Murmu to take up the issue of helping small business and MSME in providing loans to them by the banks in Jammu as promised by Prime Minister, Narendra Modi to meet the great business depression in the country and particularly in this UT because of the prevailing conditions.
R K Chadha president Citizens Forum said it is understood that Center Government is considering Rs 42000 crore help to Aircel and other Telecom Companies as bailout package from their fiscal crises due to a big loss of Rs 35000 crore by Airtel alone, but nothing for the small business and MSME who are suffering from soaring debts and paying interest and installments from their savings to the banks in this Union Territory. Banks are changing penal interest from defaulter account holders, instead of helping the consumers to tide over their financial crisis as announced by RBI by reducing the interest six times in this financial year.
Chadha further said that Forum took up the matter of deferring the payment of loan installment for six months with former Governor, Satya Pal Malik and the Chief Secretary called the meeting of State Bankers Association and announced 90 days extension of loan payment but till date it is not implemented. “Now we need six months extension of loan payments as the conditions of this UT has gone bad to worse so far business depression is concerned”, he added.
Chadha further requested the LG to save the general public of harassment by Airtel telecom company, which is charging bill from the consumers for non available internet services and are threatening to disconnect the connection if money not paid in full.
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