This is an archive article published on December 18, 2013
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Didi can make do with ‘even 1-yr moratorium’ on loan repayment

Mamata Banerjee said the state should be given at least a year’s moratorium on repayment of interests on central loans.

Written by: Express News Service
2 min readKolkataDec 18, 2013 03:54 AM IST First published on: Dec 18, 2013 at 03:54 AM IST

With the Centre yet to heed to her demand of debt restructuring,Chief Minister Mamata Banerjee Tuesday said the state should be given at least a year’s moratorium on repayment of interests on central loans — a marked climbdown from her earlier request of waiver of interest on the debts for three years.

“We have been consistently asking the Centre to grant a three-year moratorium on the Rs 28,000-crore interest paid annually on loans so that welfare schemes could be taken up. We have already created 2.5 lakh government jobs since we came to power. Ten lakh more jobs can be possible if one year’s moratorium is granted,” Mamata told a rally at Plassey in Nadia district.

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