Bodies appeal financial institutes
Source: The Sangai Express
Imphal, July 14 2020:
In wake of the plight of many people caused by the continuous lockdown following the COVID-19 outbreak, bodies in Keirao and Langdum villages have appealed to all microfinance institutes and chit fund organisers to halt collection of interest or contributions.
A joint statement signed by T Kamala, president of Kanglei Chanura Chaokhat Thourang Lup, Keirao and the lup's secretary L Bala; Keirao Bitra Lairembi Leikai Women Development Association's secretary, M Anoubi and H Thabalei, secretary of Women Welfare Association, Langdum has stated that many people of the Keirao and Langdum areas are affected economically to a great extent due to the prolonged imposition of lockdown.
As such, lottery and chit fund organisers, microfinance institutes are earnestly requested to refrain from collecting interest, contributions or premiums with immediate effect.