CM discusses Union Fin Minister PMDP implementation, restructuring of loans, interest subvention for 2016 affected traders

New Delhi: Chief Minister, Mehbooba Mufti, who is in the national capital, met the Union Finance Minister, Arun Jaitley here this evening.
During the meeting, the two leaders discussed in detail the economic issues confronting the State besides the implementation of Rs. One Lakh Crore Prime Minister’s Development Package (PMDP).
Mehbooba Mufti sought timely and expeditious release of funds and reimbursement claims under the package. She also made a case for making special funds available to the State Government to meet the liabilities of left out affected persons of 2014 floods.
The Chief Minister made a demand for swapping high interest loans with soft interest loans to reduce the repaying burden on the State Government. She also pitched for taking care of various liabilities on account of power bills through State bonds of Rs. 3500 crore.
Mehbooba Mufti apprised the Union Finance Ministers about the difficulties being faced by the local traders on account of losses during the unrest of 2016. She sought all help to them to get out this situation including interest subvention and re structuring of their loans. It may be recalled here that the members of the business community back home had made the request with the Chief Minister for the same a number of times and the Chief Minister had assured them to take it up with the Centre.
The Union Finance Minister assured the Chief Minister that the Centre would take all necessary steps to address the issues raised by the Chief Minister.