Banks asked to provide loan to genuine unemployed beneficiaries

ITANAGAR, Feb 15: Papum Pare Deputy Commissioner Tai Kaye has requested all the banks to provide loan to all genuine unemployed beneficiaries, so that they could start any venture to improve their economic condition.
The DC was addressing the District Level Review and Advisory Council (DLRAC) meeting of APRB-RSETI held at his conference hall in Yupia on Wednesday.
Taking note of very low settlement of trainees under Rural Self Employment Training Institute (RSETI), the DC, who is also DLRAC chairman, said that concerted effort from all sides is required for benefit of unemployed youths. He further stressed on wide publicity on the training programmes of APRB-RSETI to attract more unemployed youths.
He also asked Director APRB-RSETI to expedite the work for construction of office building for RSETI and assured cooperation from district administration whenever required.
While apprising the DC of various problems that the APRB-RSETI and APRB are facing, APRB Chairman Akshay Kumar requested the SBI to take over the responsibilities of RSETI for ensuring better performance. CEO KVIB, Itanagar S Deb also suggested that APRB- RSETI should be taken over by financially strong banks like SBI for better performance.
DDI D T Akka also pointed out that banks are very uncooperative in sanctioning the loans to beneficiaries under PMEGP, causing undue problems to both beneficiaries and department. Lead Bank Chief Manager J Singh informed that there are many backlog cases which are yet to be cleared. Besides, due to non receipt of subsidy from KVIC or others, banks are hesitant to sanction loan to the beneficiaries, Singh added.
Earlier P B Chetry, Director RSETI highlighted about the aims and objectives of the meeting. He further said that the incapability to start any venture of their own due to financial constraint and also reluctance of bank in sanctioning loan are the reasons for very low settlement rate of trainees.
During the meeting, performance report of all quarters for the year 2016-17, EAP (Entrepreneur Awareness Programme), settlement of trainees, fund position etc were discussed. Training programmes for the year 2017-18 were also approved.
Rural Self Employment Training Institute is an initiative of the Ministry of Rural Development, managed by the banks to encourage and impart training to rural youths to make them economically self sufficient. (DIPRO)

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