State

BAN appeals to landlords

DIMAPUR, MAY 31 (NPN) | Publish Date: 5/31/2020 12:46:59 PM IST

Business Association of Nagas (BAN) has appealed to landlords to either waive rents where possible or give 50% discounts on rents to Naga entrepreneurs, at least till the time the lockdown period is over. BAN in release stated that it was happy to learn that some generous landlords had waived off rent of their tenants, adding it also understood that some of them might even depend on rental income for their livelihoods. 

Pointing out that the landlords who had taken bank loans can avail moratorium till August 31 as announced by Reserve Bank of India, BAN observed that the economy has been badly hurt and businesses have suffered in the State with very little or no income in many cases ever since the lockdown started on March 25. 

According to the association, helping Naga entrepreneurs, who are mostly young and first generation businessmen, will go a long way in displaying goodwill and brotherhood which “our faith teaches us”. 

“This will also encourage our entrepreneurs and help them sustain their businesses. By cutting down on the rent they can ensure basic salaries to thousands of Naga families and dependents whose sole source is their merge salary,” the release emphasised. 

BAN also appealed to fellow Nagas to promote and buy from struggling new businesses, especially local vendors who have newly ventured into entrepreneurship due to the pandemic. 

Urging Nagas to help each other, buy from each other, collaborate and do business with each other in these times of crisis, the association stressed that only then would Nagaland have a vibrant and sustainable economy that would create jobs for “our youth”.

 

-Tags:#BAN

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