Rs 315 Cr subsidy scheme to mining dependents starts rolling
PTI, PANAJI | 20 September 2014 20:51 IST
Expediting the process of providing subsidy on loan granted to people dependent on mining in Goa, the state government has asked financial institutions, including nationalised banks, to submit the details of loan liabilities by September 30.
The state government has announced one-time subsidy scheme for truck, barge and mining machinery owners, who will have to work out one-time settlement with the banks.
The government will shoulder 35 per cent of their loan liability.
"The banks have been asked to get back to us with the total loan exposure by truck, barge and mining machinery owners. They have been given time till September 30," Meenaxi Gad, Joint Secretary (Debt Management), Goa, told PTI today.
She said the benefits would be given only after proper data is available. Chief Minister Manohar Parrikar earlier had said that there were 8,000 truck, barge and machineries with loan liabilities on them.
Their total exposure would be around Rs 900 crore.
The people dependent on the mining industry are in doldrums for last two years after the industry faced closure following a Supreme Court order.
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