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CF demands checking into Credit Guarantee Scheme for MSME by RBI
10/6/2021 11:35:00 PM
Early Times Report
JAMMU, Oct 6: Citizen's Forum President RK Chadha urged Chief Secretary Dr. Arun Mehta and Finance Minister MS Nirmala Sitharaman said that it is useless to issue a press release because the Director information will block it for reasons best known to him, still we are requesting you to kindly, check the disbursement of secretly announced Credit Guarantee Scheme for MSME by RBI last year and this year but known to only educated Small Businesses and MSME through personal contacts of Branch Mangers only. No general information to common businesses and MSME through any other source because this is a money minting scheme for branch managers and is not disbursed to Honest Unit Account Holder of the Banks. Canara Bank and Punjab National Bank are two such Nationalized Banks , against whom we produced confirm proof of not giving such or any other covid loans for consecutive two years of covid -19 pandemic, to Finance Minister Ms. Nirmala Sitharaman but they did not bother to reply even.
Our three units were and are Standard units ,means up to date in paying interest and installments. Both the years Bank forms for covid loans filled the day schemes were introduced to help the closed units, but kept on dilly dallying for 6 months till Schemes closed by both the banks last as well this year too. Our Units Banquet Hall and catering services were not allowed by the Government to open even for a day and still there is no scope to open at a better capacity to run largest Banquet Halls, but no help from any quarter to pay salaries and run household of a large establishment. We don't blame branch Managers, it is our fault that we don't pay Bribe.
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