J&K: Omar Abdullah faces PDP fire over central loan scheme

JAMMU: PDP slammed J&K’s Omar Abdullah-led National Conference (NC) govt connected Monday for tapping the Centre’s Special Assistance to States for Capital Investment (SASCI), calling it the “most unsafe scheme” aft the abrogation of Article 370.The strategy provides 50-year interest-free loans for superior investments and infrastructure, too offering fiscal incentives for reforms successful cardinal sectors.Speaking during the assembly’s fund session, PDP legislator Waheed Parra accused NC of betraying its mandate. “Why are you taking loans nether this scheme? Who volition repay these loans aft 50 years?” Parra asked CM Omar, who was contiguous successful the House, successful an affectional speech.Omar had successful his fund code past week revealed that J&K was brought nether SASCI past year, saying his govt had “proactively leveraged this caller opportunity”. “This reflects the assurance of Govt of India successful betterment orientation, fiscal discipline, and execution capableness of J&K,” Omar had said.However, Parra questioned SASCI’s benefits, pointing retired that dissimilar the earlier MGNREGA agrarian occupation scheme, these funds are not a assistance but a “market loan”.

“If you are constructing roads, bridges and playgrounds nether SASCI, you are efficaciously putting J&K nether mortgage. You are putting J&K connected sale. SASCI means demolition of J&K and you person brought it without consultation,” Parra argued, his dependable getting louder and riling NC members.The Pulwama MLA urged Omar to let a statement connected the scheme. “It is simply a decease trap. It (problems from akin indebtedness schemes) happened successful Bangladesh and Pakistan.

We are selling J&K for petty loans. Who volition repay this indebtedness aft 50 years, and who gives loans for free?” Parra asked.Parra went further with his disapproval of the scheme. “BJP is not your confederation partner. So, connected whose behest you are bringing this? Why are you taking a Rs 50,000-crore indebtedness for free?” helium asked.Later, Speaker Abdul Rahim Rather ordered an enquiry into whether Parra had utilized an further microphone to amplify his voice, which Omar and NC members claimed kept getting louder.