Bengal moots social security scheme for investors: Mamata
Kolkata: The West Bengal government is planning to start a social security scheme for depositors and investors to ensure proper return of public money after the Saradha chit fund mess, Chief Minister Mamata Banerjee said on Wednesday.
"In the wake of growing financial insecurity, we are thinking of a social security scheme. It will ensure proper safety of public money and ensure safe and proper return. We will shortly put out a proposal on the website of the finance department to seek public comments," Banerjee said.
She said that after seeking public opinion, the government will finalise the scheme and subsequently pass a law.
"When there is a people`s government, it has accountability towards them. People have been subjected to atrocities by these chit funds," she said.
"People want to keep money with insurance companies, post offices and banks, but sometimes have to suffer atrocities from such institutions. But people trust the government when it takes responsibility because there is economic security involved and returns the money."
"We won`t be able to give a high interest rate because we do not have the capacity. But investors will get their money back," she said.
More from India
More from World
More from Sports
More from Entertaiment
- Is Akhilesh Yadav overlooking Muslims as Mulayam Singh alleged?
- DNA: Why did Navjot Singh Sidhu call BJP 'Kaikeyi’, Congress ‘Kaushalya’?
- 24 dead after boat carrying 40 capsizes in river Ganga in Patna; many still missing
- My father wanted me to be a man of character: Navjot Singh Siddhu
- Tourists flock to Manali as snowfall takes a short break
- India vs England, 1st ODI: As it happened...
- India vs England, Pune ODI: MS Dhoni still the boss; convinces Virat Kohli with spot on DRS call — WATCH
- India vs England, 1st ODI: Ravichandran Aswhin steals the show with huge six — WATCH
- Geeta Phogat comes to rescue of Zaira Wasim; hits out at trolls, asks actress not to apologise
- Petrol price hiked by 42 paisa per litre, diesel by Rs 1.03 a litre