AGARTALA, Sep 14 (TIWN): During an exclusive talk with TIWN, Bandhan Bank CEO Chandra Shekhar Ghosh discussed about Tripura’s economy and possible remedies to revive Tripura’s poor economy. Discussing his views about the multi crores Chit fund scams in Tripura, CEO said, “Due to lack of awareness and lack of knowledge about Banks, most of the people have been cheated by those Chit fund groups. Many people believe that Rose Valley was a Bank, but it was not at all any Banking Institution but a Chit Fund company”. Asking Ghosh what attracted the poor & middle class people to invest in Rose Valley and other chit fund companies, CEO said, “As in Tripura there are no business set ups where people can invest, lack of industries, businesses, so they ran after chit fund companies to make quick bucks, thinking their moneys will be doubled within short span”.“Lack of awareness mainly led Tripura’s multi crore chit fund scams. State Govt. need to educate the masses about Chit fund group of agencies as they do not know what is the difference between Bank and a Chit fund Company”, added Ghosh. “People need to learn about where to correctly invest”, he added.However, Bandhan Bank CEO’s comment reminded Chief Minister Manik Sarkar’s patronage of Rose Valley Park inauguration programme in 2008.When a CM of a state, attends a Chit-Fund programme, it gives a positive message to masses about the bank.

 It means CM is assuring the people about the safety, which can be expected from the bank. But being the guarantor of the Company,Manik Sarkar received a huge embarrassment later, when the Chit fund companies proved as the highest ever fraud groups in India.

About the state Economy Bandhan Bank CEO said, “Tripura’s economy is fully depending upon small industries & agriculture. Big industries are not possible as still Tripura is not smoothly connected with outside world due to its geographical position”.

Asking about the remedy to it, he said, “Agriculture will be the ideal policy,  which can be adopted to grow  state’s economy”.

Asking him about how bank helps to grow state’s economy he said, bank helping them with banking service as it helps many farmers with loans”. Tripura’s response is very good in Bandhan Bank, he said.

About unemployment he said, “Unemployment is a burning issue for Tripura, but many Tripura’s engineers are doing well outside the state”. 

However, CEO said,’ lack of investment sources is the reason behind the chit fund craze among people, unemployments also fueling the problem.’.