MLA Shyam provides interest-free loans to entrepreneurs
Source: Chronicle News Service
Imphal, December 18 2022:
Continuing his effort of encouraging budding entrepreneurs in Langthabal area who not only ensure self-employment but also provide employment opportunities to many others, Langthabal MLA Karam Shyam distributed the second phase of loan amount at zero interest at his Chajing Mairenkhong residence on Sunday.
The loan for the second phase was distributed after the amount of the first phase had been recovered.
Speaking at the distribution function, MLA Karam Shyam highlighted that he has been taking up many programmes for the welfare of his people.
He has equally distributed the funds of local area development in all the development committees of the 40 polling stations in his constituency.
He also informed that education support to the students who have lost their parents would be started from January 2023.The MLA, while mentioning about the interest less loan distribution initiative, said that an amount of Rs 3.3 lakh was distributed to 11 budding entrepreneurs without any interest in the first phase.
Another amount of Rs 4.44 lakh has been distributed in the second phase.
Now, the entrepreneurs have been able to provide jobs to altogether 137 youths.