Arunachal: Union Finance Minister Calls On The Governor, Seeks Financial Aid For Arunachal During Meeting

Union Minister also chaired a meeting to review the performance of 7 Regional Rural Banks of the North East Region.

Union Finance Minister Nirmala Sitharaman, who was in Arunachal Pradesh on Monday, met Governor Lt General (Retd) KT Parnaik at the Raj Bhavan and discussed the Centre’s financial assistance to the state.

The Governor, while sharing his observations during his district tours and remote administrative circles, requested the Union Minister for special one-time financial assistance for the replacement of about 5,500 dilapidated administrative buildings built during the 1960s and 1970s.

The governor said that as there is no loan provision from international banks and the state depends on the Union government for financial assistance, Arunachal Pradesh needs to be helped with additional funds. He also shared the financial challenges of the state and requested funds under Special Assistance for environmental, hydropower, and border area development projects.

The Governor, who interacted with ‘Lakhpati Didis’ at Boleng and Aalo during his district tour, suggested one-stop centres for financial and non-financial services.

In the meeting, the Union Minister of Finance and Corporate Affairs assured the Arunachal Pradesh Governor to provide necessary financial assistance for the implementation of welfare schemes in the frontier state.

Union Minister also chaired a meeting to review the performance of 7 Regional Rural Banks of the North East Region covering the states of Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland and Tripura in Itanagar, Arunachal Pradesh, on Monday.

During the review meeting, the Union Finance Minister was apprised about the improvement in the financial performance of the RRBs of the Northeast and their technology upgrades ever since the regular review was initiated in 2022, said the minister’s office in a statement.

Given the crucial role of RRBs in supporting the rural economy, the Union Finance Minister urged RRBs with the active support of their sponsor banks to increase credit disbursement under various Government of India flagship schemes such as PM MUDRA, PM Vishwakarma, etc.

The Minister also said that the focus should be on credit for agriculture, horticulture and allied activities like piggery, goatery, sericulture, fisheries, etc.

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