Goa govt to reintroduce loan settlement scheme for mining

Goa govt to reintroduce loan settlement scheme for mining

Panaji, Aug 2 (PTI) The government of Goa plans to reinstate the plan for the timely payment of loans taken by people for mining purposes.

Minister Manohar Parrikar told the Assembly’s Legislative Assembly yesterday that it was discussed with the banks to reintroduce the program for people, including truck owners, affected due to the closure of the mining industry in Goa.

“I’ve already talked to banks to reopen the settlement scheme on time,” he said.

The program, which allowed people to repay the loan, was launched in September 2014, two years after the state of the iron ore industry was closed following a Supreme Court order, taking into account the activities Mining illegal.

As part of the debt relief program, the state government granted a subsidy of up to 35 percent of the total loan amount.

However, the plan was closed in March last year after Prime Minister laxmikant parsekar said there was a poor response from borrowers who had accumulated huge loan debts in different national banks and cooperatives.

Parrikar said that the state government, through various financial schemes, which until now had paid Rs 278 million rupees to those affected by the closure of the mining industry.

The Minister also assured the House that the money collected from the mining companies in the mineral district funds is used after appointing the committee required for it.

The funds raised from the mining companies is inactive with the Government of Goa lacking a committee that decides to spend the amount.

Under the Supreme Courts Directive, mining companies must pay 30 percent of the quota to a special fund established by the government.

The money in the fund should be used to create infrastructure and other facilities in the mining chain of the states.
“Posting the Assembly session, notification (for committee designation) and will be completed by October, the fund will be in operation,” said Parrikar.

“We will use the money to build the long corridor mining project underway. Over the next two years, we will make sure it is fashion,” he told the House.

Government PTI RPSGoa to reintroduce loan solution system for people who support mining
Panaji, Aug 2 (PTI) The government of Goa plans to reinstate the plan for the timely payment of loans taken by people for mining purposes.

Minister Manohar Parrikar told the Assembly’s Legislative Assembly yesterday that it was discussed with the banks to reintroduce the program for people, including truck owners, affected due to the closure of the mining industry in Goa.

“I’ve already talked to banks to reopen the settlement scheme on time,” he said.

The program, which allowed people to repay the loan, was launched in September 2014, two years after the state of the iron ore industry was closed following a Supreme Court order, taking into account the activities Mining illegal.

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