Srinagar: Governor NN Vohra’s statement on Saturday, which asked the administration to finalise the government of India’s financial scheme for the flood-hit traders within 15 days, has been termed as “disappointing” by Valley traders’ organizations.
According to this scheme, Rs 800 crore have been allocated for providing relaxation in interest on traders’ loans.
Kashmir Traders and Manufacturers Federation (KTMF) president Mohammad Yasin Khan said the move to link rehabilitation with interest subvention will not benefit the worst-hit small businessmen that were banking on financial assistance to revive their businesses.
“There are traders who do not have loans from banks and this scheme does not take into account their suffering. This shows that the government is not interested in rehabilitation of these traders,” Khan said.
Governor should reconsider his decision and should seek traders’ opinion, Khan added.
Kashmir Traders Federation (KTF) spokesperson Aijaz Shahdar said, “The governor’s announcement is a slap on their (traders’) faces. Interest subvention is not the way to rehabilitate traders but to push them into more trouble. Traders were asked to visit deputy commissioner’s office hundreds of times to complete formalities for relief. Our demands have simply been trashed. The government has to look into our grievances before announcing decisions.”
Kashmir Economic Alliance (KEA) spokesperson Siraj Ahmad said it is linking rehabilitation with interest subvention is “shameful”.
“The government of India rejected the monetary assistance offered by the world community at the time of the flood. If Modi government rejected international aid then it should provide the relief,” he added.
He said the traders will demonstrate on roads if they are not given what was promised to them.