Lamjingba Investor Group calls for proper implementation of BUDS Act, 2019
Source: The Sangai Express
Imphal, September 11 2022:
Lamjingba Investor Group, Thangmeiband has called for stringent implementation of BUDS (Banning of Unregulated Deposit Schemes) Act 2019 to shut down micro-finance institutions that are operating illegally in the State.
Speaking to mediapersons during a press conference held at Manipur Press Club, Kh Samungou, president, Lamjingba Investor Group shared that in February of 2021 the BUDS Act 2019 came into force in Manipur through an order issued by the State Government.
However, a lot of people have faced incalculable problems due to lack of proper implementation of this Act, he maintained.
He urged the State Govt to work sincerely to solve this pressing issue and called for stringent implementation of the said Act.