Sikkim declared disaster affected state

Last Updated: Wednesday, November 30, 2011 - 15:57

Gangtok: Sikkim has been officially declared
as a `Disaster Affected State` by the government to avail soft
loans and other facilities from banks, officials said on Wednesday.

It will also facilitate funds from international funding
agencies such as the Asian Development Bank and the World
Bank, they said.

Banks and international agencies have been approached by
the state government for rebuilding efforts following the
large-scale damages to infrastructure during the earthquake of
September 18, they said.

This is a requirement stipulated as per the Reserve Bank
of India guidelines. The notification was issued on November
21, they said.


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First Published: Wednesday, November 30, 2011 - 15:57

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