Financing Economy and employment: Failure to provide ways and means of funding the entrepreneurs and projects is one of the reason that has brought, the state into begging situation. The other reason is investing without return. It may be called foolish investment. Money is not the obstacle to the entrepreneurs elsewhere in the World for people who have skill and commitment. In Nagaland Financial Institutions and Banks (FI&B) have trust deficit for weak recovery. Govt job is the only avenue for the youth which is limited. We have over 70,000 educated unemployed. Idle in evil this is happening in the NE. It is the duty of State Govt to remove recovery difficulties, for few bad loaners the entire society cannot be made to suffer for no fault. With the cooperation from State; FI&B should open its doors to the youth and employ them through funding the projects. In our time we have amended Nagaland Land revenue regulation Act 1978 in 2003, enabling land and properties to mortgage covering entire Nagaland. There is no reason why the FI&B should not provide loan to entrepreneurs who has skill and commitment.
Posted on: Sat, 18 Oct 2014 04:10:50 +0000
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