Post Mortem

Banks blunt denial to sanction loans to PMEGP beneficiaries

By Nagaland Post | Publish Date: 7/11/2019 11:45:50 AM IST

 The Prime Minister’s Employment Generation Programme (PMEGP), is a pilot programme of the central government, one of the best scheme initiated towards creating solutions by means of providing opportunities through loans and subsidies to those young entrepreneurs and educated unemployed of the country who are selected and eligible, in their respective state level.

The respective state government as the implementing agency for the scheme directs the banking sector to provide the loans to the genuine selected benificiaries, thus easing in the implementation of the work programme under the PMEGP scheme. Likewise in our state the state government has been carrying out this important beneficial pilot programme of the central government with efficiency after the launching of the PMEGP Scheme on the 15th of August, 2008.

Many eligible young entrepreneurs and the educated unemployed in our state has benefitted under this programme. Our appreciation to the state government and those banks that are doing this difficult task with sincere dedication and effort for the success of this scheme and for the upliftment of the state citizens through this scheme. But of recent records and statements till date by those beneficiaries under Mokokchung district who are yet to receive their rightful earned and entitled Loan and Subsidies from those banks allotted to them, the story is different and very shameful and unacceptable on the part of those banks that are not releasing the Loans and Subsidies to a few genuine beneficiaries from the last few years.

These beneficiaries under Mokokchung district who are routed through the respective District KVIB & DIC departments and selected under the district task force headed by the deputy commissioner as the esteemed chairman  conducted following due procedure and protocol has been knocking on the concerned department and the  banks namely- (1) AXIS bank, Mokokchung, (2) HDFC bank, Mokokchung, (3) ICICI bank, Mokokchung, (these banks that were directed to sanction the loans and subsidies to the genuine selected beneficiaries) but their appeal and constant request falling on deaf ears and of no avail.

The Mokokchung district PMEGP beneficiaries association convenor, Walter Longkumer and general secretary, Imotemjen Ozukum, on behalf of the beneficiaries appeal to the state government of Nagaland, the higher authorities of the concerned departments and the respective banks to especially consider our pleas and request the same to facilitate our demands-demand to release our entitled loan and subsidies as this is our startup, our chance and oppurtunity to find a way and means to establish our career and business and reduce unemployment problem and being a burden to the society and the state.

The association urges all the young entrepreneurs and the educated unemployed  of every district in Nagaland to let this be a wake-up call, an eye-opener of the intentions of those agencies, banks that are against the welfare, against the goodwill and opportunities of the good citizens of this country and encourages all to stand united.

Walter Longkumer, convenor 

and Imotemjen Ozukum secretary of Mokokchung District PMEGP Beneficiaries Association

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