BJP to repay loans of needy women if voted to power again in Assam: Himanta Biswa Sarma

Assam Finance Minister Himanta Biswa Sarma has said that the BJP-led government is passing a law to bar debt recovery agent from visiting homes of borrowers for recovery of loans.
BJP to repay loans of needy women if voted to power again in Assam: Himanta Biswa Sarma
Assam Finance Minister Himanta Biswa Sarma

DIBRUGARH:

Assam Finance Minister Himanta Biswa Sarma has said that the BJP-led government is passing a law to bar debt recovery agent from visiting homes of borrowers for recovery of loans.

He said this while addressing a rally at Sasoni in Naharkatia, Assam on Monday.

"The BJP government, if voted to power again for the second time, will repay the loans of the needy women who have been defaulting in repaying their debts to microfinance institutions," Biswa said.

Sarma further stated that "If needed, I have Rs 500 crore at my disposal and will add Rs 500 to Rs 1000 crore more to it to repay the loans of needy women who have not been able to repay their debts".

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According to reports, Assam witnessed a spate of loan defaults and stress in rural households in 2019, raising the spectre of a repayment crisis.

The minister also promised a sanction of Rs 27 crore to complete the construction of the Sasoni-Belbari Ali-Tikra Balighat bridge that has been under construction for decades together. Sarma set a deadline for 18 months to complete the project.

Sarma said the government has plans to increase the Rs 830 per beneficiary amount to Rs 3000 per head, per month under the Orunodoi scheme.

"In (the) last five years, our government had done lots of developmental work which was ignored by the previous government. Naharkatia had witnessed lots of development in the last five years and if our government (is) again voted to power, we will bring infrastructure development to Naharkatia," Sarma added.

(Edited by Ladiangti Rani)

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