Make this your homepage
Tripura News
Home > Tripura News
14 lakhs 40 thousand accounts opened by the depositors in various chit fund companies and Non-Banking Financial Institutions in Tripura; State Govt inspires Chit Fund companies in Budget Speech
TIWN
14 lakhs 40 thousand accounts opened by the depositors in various chit fund companies and Non-Banking Financial Institutions in Tripura; State Govt inspires Chit Fund companies in Budget Speech
PHOTO : Opposition MLA of Tripura Assembly stages protest in Chit Fund issue during Budget Session. TIWN File Photo

AGARTALA, March 10 (TIWN): The economic condition of the Tripura is going through hard days. While the total population of Tripura is about 36 lakhs, approximately 40 percent i.e. 14 lakhs 40 thousand accounts were opened by the depositors in various chit fund companies and Non-Banking Financial Institutions. That means in average an account for every family, two members have their accounts in these companies.The opposition claimed that till now, in these chit fund companies, thousands of crores rupees are still stored. The Data released by the State Government also estimated that nearly same amount, i.e. 1172 crore 64 lakhs 57 thousand rupees. Whereas, these amounts are deposited under the companies, the companies own price of the property claims to 485 crore 90 lakhs rupees.

On the other hand, the number of Banks, MGNREGA works estimates, Pradhan Mantri Jan Dhan Yojna, collectively are not matched the estimated amount and numbers. This directly indicates that how people are influenced by these companies and Non-Banking Financial Institutions.

However, the State Government itself has inspired the companies and people to invest more and more on these schemes.

The Comments made by Finance Minister, Bhanulal Saha in the budget speech states that,”  “It has been a continuous endeavor of the State Government to protect the interests of the depositors in the Non-Banking Financial Companies (NBFCs) and Chit Funds through awareness generation, implementation of the Tripura Protection of Interest of Depositors (In Financial Establishment) Act, 200 through field machinery. The State Government is fully committed to take all possible steps to protect the interests of the investors and the same has been reflected in the enhanced collection in small savings.” In the mean time, 92 Non Banking Financial Institutions have fled away from the country. But State Government had succeeded to forfeited the property of one company namely Pragatisheel Infra Project Ltd. Now, jurisdiction is going on.

I-Core Chit fund duped Tripura investors. TIWN File Photo

This clearly indicates that Government is indirectly supporting the interests of the Chit Fund Companies by neglecting the future of the common people of the State. At one step, Government told that they are acting like a shelter to the people, on the other hand, they are putting knife in the back of the people.

Whereas, in West Bengal, Trinamool Congress leaders and Ministers were facing jurisdiction, for betraying the people and engaging with the Chit Fund Company, Saradha. The Tripura Government is playing the role of mute spectator. Till now, the estimates of the Chit Fund Companies amounts to be 1500 crores. Rose Valley itself has 700 crores.

In a recent visit in the year 2013, DGM and AGM of Reserve bank of India made a comment that “Tripura Government did not take any steps to refrain the Chit Fund Companies.” Saradha had also looted a big amount from the depositors. But no case had been registered yet.

Add your Comment
Comments (0)

Special Articles

Sanjay Majumder Sanjay Majumder
Anirban Mitra Anirban Mitra