Senior Leader J&K Apni Party Rafi Ahmad Mir on Thursday urged the Union Finance Minister for special economic rehabilitation package for J&K.
In a letter addressed to the Minister, Mir said “people ofJ&K have been witnessing financial disruption since months, which thenation is facing today.”
He said in 2019, the start of the financial year wasdiscouraging and in August, the government’s decision to bifurcate the state,further affected the economy.
Mir said today taxi operators have to pay huge EMIs forvehicles without earning and establishments were facing layoffs.
“There are huge numbers of people who are struggling to paytheir EMIs on housing/car and student education loans. J&K needs a moreworkable plan on EMIs besides injecting liquidity in the market,” Mir said.
He said members of J&K’s trade fraternity have been vocalthroughout in raising an alarm at appropriate forums, including the ministry.
“Therefore, I assume that your office is in the knowledge ofthe economic turbulence in J&K. After today’s press conference, it isexpected that the Centre rolls out a general economic package for the countrybut J&K deserves a special economic rehabilitation package as the economyhere is already in shambles and till date, the government has failed to deliveron its promise,” Mir said.
He said as the lockdown amid Covid-19 poses seriouschallenges for everyone across the country but in J&K, the consequences canbe more dangerous, if the government does not act in time.
“We, therefore, demand a special economic rehabilitationpackage for J&K, with economic measures in loans and EMIs impacting themost vulnerable,” Mir said.