SME Times News Bureau | 08 Nov, 2018
Himachal Pradesh Chief Minister Jai Ram Thakur on Thursday called on
Union Finance Minister Arun Jaitley here and sought hassle-free credit
He told the Finance Minister that state cooperative
banks have not been made member lending institutions under the Credit
Guarantee Fund Trust for micro and small enterprises and small farmers
"Owing to this reason, potential
entrepreneurs are not getting collateral-free loans facility under the
government of India programmes like Pradhan Mantri MUDRA Yojana," an
official statement quoting Thakur said.
Seeking his personal
intervention to ensure facilitating easy and hassle-free credit
facility, he said this would not only help the cooperative banks in
expanding credit portfolios but also go a long way in creating
livelihood as well as growth and diversification of agriculture and
The Chief Minister also urged for
intervention regarding persuading the World Bank to continue to fund the
Integrated Development Project for source sustainability and climate
resilient rainfed agriculture as a separate project.
He said the
Integrated Development Project and Forest for Prosperity were merged
taking the view that both projects were being implemented by the same
department and have contiguous objectives and outcomes.
He said the objectives and implementation strategies of both projects were different.