The Meghalaya Chief Minister, Mr Mukul Sangma, said Land Possession Certificates will be issued to land owners, which will help local entrepreneurs to use it as mortgage for loans.
“At present, in absence of land pattas, the local entrepreneurs despite owning land cannot prove the ownership which is a key to avail loans,” Mr Sangma told presspersons Tuesday night.
Speaking about the recent meeting of leaders of eastern states with the Union Finance Minister, Mr Pranab Mukherjee, in Patna, Mr Sangma said it had dwelt on the need to involve more people in competitive banking and financial inclusion.