Pranab assures Tuki on special package

Last Updated: Monday, December 5, 2011 - 12:31

Itanagar: Union Finance Minister Pranab
Mukherjee has assured Arunachal Pradesh to consider a special
package as an alternative source of fund to execute projects
that have remained pending after objection by China to Asian
Development Banks (ADB) loan to the state in 2009.

The Finance ministers assurance came when state Chief
Minister Nabam Tuki called on him at New Delhi on Sunday,
official sources informed on Monday.

China had objected to ADBs USD 60 million funding to
the state.

Tuki during the meeting reminded Mukherjee about the
Centres assurance given to former chief minister Dorjee
Khandu that fund would never be a problem for the states
development before seeking a special package.

Tuki pleaded with the Union Finance minister to consider
the impending proposals of infrastructure requirements of
capital city Itanagar amounting to Rs 1,213.53 crore under
urban sector and integrated river and flood management for Rs
396 crore, which were to be funded by ADBs.

"The low credit deposit ratio is a matter of concern for
the state. It has been reported that some of the banks are not
even lending to self help groups (SHGs) which is evident by
the large gap between the numbers of SHG savings linked and
credit linked," Tuki said while drawing Mukherjee`s attention,
sources informed.

PTI



First Published: Monday, December 5, 2011 - 12:29

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