CNCCI informed the union finance minister that until and unless the protracted “Indo-Naga” political imbroglio was resolved, no matter how big or small, the “economic friendly environment” would not be there.
By Imna Longchar, TFM Nagaland Correspondent
Confederation of Nagaland Chamber and Commerce and Industry (CNCCI) had raised five main issues during the closed-door meeting with Union Finance Minister Nirmala Sitharaman held at the end of her three-day visit to the state at the Rhododendron Hall, Police
Officer’s Mess, Chumoukedima on Wednesday.
CNCCI president Kheghuga Murru while talking to this correspondent, said the first question raised in the meet was about the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Act (SARFAESI) 2002, which was moved by Nagaland chief minister, Neiphiu Rio, who also holds the finance portfolio, and has already been enacted.
Second issue raised was about Micro, Small and Medium Enterprises (MSMEs) loans which the banks were reluctant to disburse. The union finance minister had assured that within a span of three months, all the financial assistance would be provided in all the district headquarters, said Murru.
The CNCCI president informed the union finance minister that until and unless the protracted “Indo-Naga” political imbroglio was resolved, no matter how big or small, the “economic friendly environment” would not be there.
He was also of the opinion that the Corporate Social Responsibility (CSR) funding should have a “robust mechanism” by involving local
stake-holders in checking the process for selection of beneficiaries for different funding.
The issues raised also include problems with modern “ware-housing” to help the manufacturers, producers as well as the importers and exporters to ferry their goods (products) forward.
Meanwhile, it was also stated that a request was made to the visiting state guest during the closed-door meet that she should assist and also grant aid to the Nagaland government in order to improve the
scenario of the erratic electricity supply to the state.