Digital banking unit reaches Kakching district
Source: The Sangai Express / DIPR

Imphal, October 16 2022: Chief Minister N Biren Singh congratulated the State Bank of India authorities and the people of Kakching district on the district being included amongst the 75 Digital Banking Units across 75 districts dedicated by Prime Minister Narendra Modi to the Nation today.

The Chief Minister was attending the programme of "Dedication of 75 Digital Banking Units (DBUs) across 75 Districts" by the Prime Minister through video conferencing at State Bank of India Branch, Chumnang Leikai, Kakching district.

Speaking at the formal function, after the video conference, N Biren Singh continued that Kakching district had been included amongst the 75 districts as a credit for the district's achievement of Banking Digitisation in October, 2020 .

Digital banking unit reaches Kakching district

Recalling the hardship faced in accessing banking services and loans by the public earlier, he maintained the public can now avail banking services at their doorsteps.

Banks are now providing loans to various farmers, entrepreneurs and individuals, without hesitation, to enlarge their business and improve their earnings, he added.

The Chief Minister appreciated Prime Minister Modi for his far-sighted vision to ensure welfare of the people.

The Prime Minister's initiatives of Digital India and Direct Benefit Transfer schemes had been successful in minimising corruption in the country.

This has also ensured that the benefits of welfare schemes reach its targeted beneficiaries without middlemen, he added.

He mentioned that the Government has been working in coordination with certain banks to improve the rural economy at grassroots level.

Stating that Kakching district had already achieved full digitisation in banking transactions, he informed that the Government is targeting to achieve the same for Noney district by 2023 .

N Biren further stated that many entrepreneurs and start-ups had benefited with bank loans to expand their operations and contribute to the growth of the economy.

As such, many outside/imported products are being substituted by local products produced by various local firms and enterprises.

He also mentioned that the State Government had been putting in every effort to improve the earnings of every household of the State and to ensure at least one member of every household has a job.

The Chief Minister endorsed the suggestion of the Prime Minister for every bank to get connected with 100 businesses or shops with the objective to achieve digitisation in business transactions.

The Nationwide programme was attended by Finance Minister Nirmala Sitharaman, Governor RBI Shaktikanta Das, Government officials and bankers.

The programme was also attended by Rajya Sabha MP Leishemba Sanajaoba, Chairman, Manipur Pollution Control Board Usham Deben, MLA of Hiyanglam AC Dr Yumnam Radheshyam Singh, MLA of Kakching AC Mayanglambam Rameshwar Singh, President, BJP Manipur Pradesh A Sharda Devi, General Manager, SBI, North Eastern Circle Lunkim Thangboi, Kakching DC Somorjit Salam and employees of SBI among others.