In Assam, banks suffer from ‘militancy hangover’: experts
The HinduThe agriculture sector in Assam has suffered because banks and financial institutions are yet to get over the “militancy hangover”, a representative of farmers’ associations in the northeast has told the Centre. The anti-outsiders Assam Agitation and two decades of extremism created a negative perception among bankers and financiers about the farmers’ repayment capability, the representative said at a pre-Budget meeting in New Delhi in June. Ms. Sharma said all schemes in the agriculture, allied, and medium and small enterprises sectors failed in Assam and other parts of the northeast primarily because of poor bank linkage. Our initiatives generated awareness among a few banks but the Finance Ministry’s intervention, even in a small way, in changing the banks’ perception can have a big impact on the GDP of Assam,” she said.
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