Panthoibi Housing Finance Ltd celebrates foundation day
Source: The Sangai Express
Imphal, September 07 2016:
Chairman cum managing director of Panthoibi Housing Finance Company Ltd Thokchom Hemo Singh today called upon the people of the State to collectively help and strive to bring growth and development in the State.
Speaking at the 11th foundation day programme of Panthoibi Housing Finance Company Ltd at Uripok Tourangbam Leikai, Thokchom Hemo Singh said that the company was officially established after registering under the Companies Act 1956, Ministry of Corporate Affairs, Government of India.
The company is the first housing finance company to be established in the entire North East region.
"Panthoibi Housing Finance Company Ltd, since its inception, has been providing housing loan to many people.
Since 2015, the company through the credit linked subsidy scheme under the Pradhan Mantri Awas Yojana has been providing loan starting from Rs 6 lakh to Rs 15 lakh to urban poor people," Thokchom Hemo Singh informed.
He said, "The company was recognised as the financial institute by the Department of Financial Services, Ministry of Finance, Government of India in December 18, 2015 which is a big accomplishment" .
"The company has its branches spread across the State that have been extending financial services to the people.
To expand the reach of the services, plans to open branches in other North East States are also underway afterwhich objective to open branches at National level will be set," he added.
Not only will the company be able to resolve economic constraints on State to some extent but also provide job opportunities to many unemployed people particularly youth.
While Panthoibi Housing Finance Company Ltd is the parent company of Panthoibi Group, various subsidiary companies under the group have been contributing valuable services to the people.
Panthoibi Microfin is also one of the subsidiary companies of Panthoibi Group which is registered under the Ministry of Corporate Affairs and has been providing business loan starting from Rs 10,000 upto Rs 1 lakh.
Panthoibi Construction and Panthoibi Foundation Trust will also be set up These companies's objectives are primarily to provide services and employment opportunities to youth and prevent brain-drain of many skilled and talented youth of Manipur.
"Just as our companies have been rendering assistance irrespective of religion or community with an aim to uplift society, we should keep all the differences aside and work together to bring growth and development in the State," Thokchom Hemo Singh said.