In a surprise move, the West Bengal chief minister Mamata Banerjee announced that the state government is thinking of introducing a social security scheme in the interest of the common investor. The objective of the fund is to provide social security in the wake of growing financial insecurity, she said at Writers Building on Wednesday. ‘It will ensure proper safety for public money and ensure decent and proper return. We will shortly put the entire proposal on the finance department’s website inviting public comments,’ she said.
Millennium Post has learnt that the chief minister is also consulting her party colleagues on this issue. ‘She is discussing the proposal with us. Though it is at a preliminary stage, we are aware that a corpus of funds as well as permission from the Reserve Bank of India will be required,’ said Trinamool Congress MP Sisir Adhikari.
The chief minister made the reason for the announcement clear as well. ‘This government has a responsibility towards the people as this is a people’s government. People have been deceived over the years by fraud chit fund companies in West Bengal. We want to end this ordeal of the common man whose only interest is to save money for his daughter`s wedding and son’s education. Hence, they are always on a lookout for a secure place to invest their hard earned money, but there is no such suitable place where they can invest. We are extremely concerned and worried for the common man,’ Banerjee said.
Millennium Post has learnt that the chief minister is also consulting her party colleagues on this issue. ‘She is discussing the proposal with us. Though it is at a preliminary stage, we are aware that a corpus of funds as well as permission from the Reserve Bank of India will be required,’ said Trinamool Congress MP Sisir Adhikari.
The chief minister made the reason for the announcement clear as well. ‘This government has a responsibility towards the people as this is a people’s government. People have been deceived over the years by fraud chit fund companies in West Bengal. We want to end this ordeal of the common man whose only interest is to save money for his daughter`s wedding and son’s education. Hence, they are always on a lookout for a secure place to invest their hard earned money, but there is no such suitable place where they can invest. We are extremely concerned and worried for the common man,’ Banerjee said.