Loan distributed
Source: The Sangai Express
Imphal, January 27, 2012:
UBI Moirang Branch distributed loan under Differential Rate of Interest (DRI) to needy families of Moirang in a function held today.
Speaking at the occasion, Branch Manager Ng Maniyaima said that the loanees must repay the loan amount within 5 years at the rate of 4 percent per annum.
Rs 5000 each to beneficiary was handed over in today's function and the amount would be increased upto Rs 25,000 if the loanees repay the amount in time, he added.
He also said that the bank is planning to pay loans to groups as well.
Lead District Manager of UBI Link Office, Keishampat, D Kipgen and Assistant Engineer of Horticulture and Soil Conservation, M Jugindro attended the function.