SRINAGAR: Kashmir Traders Federation (KTF) Wednesday demanded “a decisive and clear policy” from the government for rehabilitation of the flood-devastated traders of the state.
“The government shall come up with a decisive and a clear policy to rehabilitate the traders. They shall come up with a logical and practical policy and not keep traders in a fix. (Otherwise) it will force traders to come on roads at the end of the day,” Chief spokesperson of KTF, Aijaz Shahdhar, said in a press statement issued here.
He said the Federation welcomes the government’s move to collect details of the flood-affected traders who need to be rehabilitated.
“(But) there shall be no insurance and non-insurance clause for flood-affected traders. The traders have paid thousands of crores as premium to the insurance companies. Now if they have to pay it back, they are not doing us any favour.
The financial institutes have insured the traders to secure their loans,” he added. He said the banks have “underinsured the stocks of many traders” and “have done nothing in this regard till date.”
“Many insurance claims are yet to be settled, making the traders suffer a lot,” he said. Meanwhile, KTF said it is ready to help the traders with the completion of formalities.
“If any trader has any problem in this process, please feel free to call us,” it said, asking the traders to deposit their forms at the DC Office concerned through their respective market committees.