Guv tells admin: finalise scheme for flood-hit traders in 15 days

JAMMU: asked officials to finalise the rehabilitation scheme for flood-hit traders and small businesses, announced by prime minister Narendra Modi last year, within 15 days.
Vohra chaired a meeting at Raj Bhavan, where he reviewed the financial assistance being provided to the traders and small business enterprises who suffered damages during the 2014 flood.
Chief secretary BR Sharma, financial commissioner (planning and development) BB Vyas, principal secretary to governor PK Tripathi and finance commissioner Navin Choudhary attended the meeting.
The governor was informed that the Reconstruction Plan for the State of Jammu and Kashmir, which was announced by Modi on 7 November 2015, includes a provision of Rs 800 crore as government of India’s assistance for interest subvention on the support provided for the restoration of livelihoods for traders, self employed and business establishments etc.
The chief secretary informed the governor that the State Level Bankers Committee had earlier approved restructuring of loans of traders and small businesses affected by floods, with an extended moratorium period for repayment.
After discussion the governor directed the chief secretary to finalize the scheme for interest subvention for restoration of livelihoods for traders by 21 February.
The governor also directed that the proposal for disbursement of assistance for completely damaged, severely damaged and partially damaged houses, approximately 73,000 kuchha houses and 1,58,000 pucca houses, for which the government of India has released Rs 1194 crore under the PM’s Reconstruction Plan be also finalised urgently and brought up before the State Administrative Council for approval.
Valley traders recently observed a shutdown against the delay in financial assistance for the flood-affected businessmen. They also termed the interest subvention as an insult to the traders who had suffered heavy losses in the flood.