PMEGP Beneficiaries' Association alleges
Source: The Sangai Express
Imphal, March 06 2016:
The PMEGP Beneficiaries' Association has today alleged the
Branch Manager of SBI, Kangshang Branch, Pallel of swin-
dling a huge sum of loan amount after deducting over Rs 1 lakh
each from the account of PMEGP beneficiaries 2011-2012 and
2012-2013 .
In a statement, Thokhothanh Haokip, secretary, PMEGP
Beneficiaries' Association, Chandel said that the Branch
Manager had provided loans to the PMEGP beneficiaries
between 2012 and 2014.The Branch Manager then de-
manded the beneficiaries to deduct some amount as his
share.
The Branch Manager even told the PMEGP beneficiaries
that they need not repay the loan amount as the bank would
recover the loan from the subsidy (35 per cent of the project
cost) which would be sanctioned by the Ministry of MSME,
Govt of India, he alleged.
The statement further alleged that the Branch Manager
sanctioned the loan only after deducting a sum of Rs 75,000
each from the beneficiaries (Rs 45,00 at the time of releas-
ing the 1st instalment and Rs 30,000 during the final
instalment).
Apart from that, the Branch Manager also deducted an-
other Rs 30,000 each from the beneficiaries as advance loan
recovery.
When enquired about their loan and its statement, the
bank including the Branch Manager said that they have no
knowledge about the subsidy and in whose account it was
kept.
The beneficiaries were also not allowed to update their
bank passbooks on the excuse that the printing machine is
not working, the statement asserted.
Higher authority concerned should look into the matter
and resolve the issue at the earliest.