#Budget 2016-17: Rs 49.78 Cr For One Time Settlement Of Houseboat Owners

Tasavur Mushtaq


Deserted scene at Dal as houseboats are barred to host guests. Photo: Bilal Bahadur

To have one-time settlement with J&K Bank and the State Bank of India vis-a-vis debt waiver scheme for houseboat owners, Dr Haseeb Drabu earmarks Rs 49.78 crore for the total outstanding balance.

Dr Drabu said that the money for the scheme was released in 2004 but was “diverted for other expenditures by the state government.”

This he says “give a major financial and emotional relief to all the houseboat owners and taxi drivers who have become defaulters with the banks.”

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