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Assam cabinet gives nod to incentives for microfinance borrowers

GUWAHATI: The Assam Cabinet on Thursday approved the incentives that had been announced earlier for waiving of micro-finance loan.

Earlier, the state government had announced a special one time relief to MFI borrowers in the state under three categories. The first is those who have been repaying their loans regularly, the second who haven’t paid interest and instalments in the past two, three months following assurances of waiver by the government, and third of those who have not been repaying their loans for a long time and don’t have the ability to do so.

Also Read: Assam Cabinet: Homeguard Borsing Bey to be promoted as Constable

Along with it, few other important decisions were taken by the cabinet.

Chief Minister Himanta Biswa Sarma informed that Deputy commissioners will be empowered to allot land for government institutions at rural areas on the basis of recommendations of Land Acquisition Committees.

Accordingly, from now onwards, no file on such matters is required to be sent to the Revenue Department, he said.

Principal Chief Conservator of Forest (PCCF) cum Head of Forest Forces (HoFF) will also be empowered to take decision regarding payment of compensation to families of victims of man-elephant conflict, as per recommendation of the Divisional Forest Officer.

No file on such matters is required to be sent to the Forest and Environment Department, stated the Chief Minister.

Oil companies like OIL, ONGC etc will have to pay minimum Rs 12 lakh per bigha for private land acquisition within 10km radius of the town, and Rs 10 lakh per bigha for land acquisition outside the 10 km radius of town, further informed the Sarma.

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