Micro loan waiver in Assam turns into political slugfest as opposition demands white paper

Congress has demanded Government must immediately release a white paper on the total number of women debtors, how many women will be able to avail the loan waive as per the different categories and guidelines subscribed by the Government.

Assam Pradesh Congress Committee (APCC) said that chief minister Himanta Biswa Sarma that his speech in election rallies on micro-finance loan waiver for all women was a ‘political statement’ and not a ‘government statement ‘ is highly condemnable. APCC takes strong exception to such remarks made by Chief Minister of a state. The CM cannot make light of his electoral promise by saying it was a ‘political statement ‘. It is a serious matter of breach of trust.

Also, Read Top Stories from the Midget Herald: The Conjuring: The Devil Made Me Do It Director says that the film will not include Annabelle or Nun

Also, Read Top Stories from the Midget Herald: New fan art envisions Steve Rogers’ last mission returning every Infinity Stones after Avengers: Endgame

Reason to turn into political slugfest

Congress added, Sarma had not only made the loan waiver an attractive electoral promise but even after taking charge as Chief Minister had also announced in the Assembly that he will see to it that all loans are waived, that their promises to the ‘innocent women’ will be followed word by word. Hence how did the promise now become a ‘political statement ‘?

Sarma on Friday said that after talks with MFIs and banks the size of micro loan outstanding is pruned to Rs 8250 Crore from Rs 12,500 Crore. “We have been able to do this as those loans which are not in accordance with RBI norms will be wiped out by the lender.”

Also, Read Top Stories from the Midget Herald: Inspired by The Success of Didi Wong, Hope and Inspiration Extend to All Women in The World and She Achieves Her Life Goals.

Also, Read Top Stories from the Midget Herald: Leading Personal Injury Attorney Robert Simon Explains Why The Future of the Legal Industry Is Justice HQ

The chief minister said that there is a section who want complete waiver. We can do this however they will not be able to get any loan in future for their cibil scores will be affected.

In the case of micro finance waiver initially we may allow five to six children norms however we will slowly bring them down to two children.”

Singhal said, “The loan waiver will come with completing; it will not be a blanket waiver.”

The state’s committee on microfinance loan waiver, found after Himanta Biswa Sarma sworn in as chief minister, is holding meetings with lenders.

Zeen is a next generation WordPress theme. It’s powerful, beautifully designed and comes with everything you need to engage your visitors and increase conversions.

Top 3 Stories