Loans could be only alternative to run Mamata’s social schemes

Initially the government had an estimate that nearly 2 crore beneficiaries will register for the 'Lakshmir Bhandar' project but so far, the government has received 1.63 crore applications of which 1.52 crore have been approved. Nearly 7 lakh applications have been cancelled. The government has spent more than Rs 800 crore on the project and going by the figure the finance department estimates that the state government will have to cough up another Rs 5600 crore which might in turn lead to a staggering figure in a full financial year.

Sitharaman announces several schemes in J&K

The Finance Minister also announced a number of new schemes and initiatives for Jammu & Kashmir which included launch of Tejasvini and Hausala schemes of J&K Bank, Shikhar and Shikara schemes of Punjab National Bank (PNB) and SIDBI cluster development fund for Rs. 200 crore