GANGTOK, 28 Nov: Sikkim has now been officially declared as a “Disaster Affected State”. This was notified by the State government on 21 November, 2011 in view of the damages caused by the earthquake of 18 September and has been done so with immediate effect.
Sources inform that the reason behind this move to declare the State as a “Disaster Affected State” is to avail soft loans and other facilities from the various banks here as well as source funds from international funding agencies such as the Asian Development Bank and the World Bank. This is a requirement stipulated as per the Reserve Bank of India guidelines.
Sources inform that the reason behind this move to declare the State as a “Disaster Affected State” is to avail soft loans and other facilities from the various banks here as well as source funds from international funding agencies such as the Asian Development Bank and the World Bank. This is a requirement stipulated as per the Reserve Bank of India guidelines.
