Chief Minister distributed loans amounting Rs 54 lakhs to 45 beneficiaries
Source: IT News

Imphal, December 31 2017: Chief Minister N.Biren Singh handed over loans worth Rs.54,36,000 to selected 45 beneficiaries which included farmers, entrepreneurs etc.

of different districts at Chief Minister's Secretariat today.

The loan amounts were given to the 34 beneficiaries for piggery farming, 10 beneficiaries for dairy farming and one beneficiary for embroidary that included two persons who came on previous Meeyamgi Numit for providing financial assistance and others under Area Development Scheme.

The loan assistance ranging from Rs.92,000 to Rs.10 lakh was provided under the Manipur State Co-operative Bank Ltd.

Chief Minister distributed loans amounting Rs 54 lakhs to 45 beneficiaries

Speaking to media persons, Chief Minister said that the government is for the people and the sole purpose of having a government is to serve the people and work towards development of the State.

He mentioned that after meeting different sections of the society on Meeyamgi Numit and Hill Leaders' Day on every month, the government thoroughly discussed with some banks for providing loans to needy people and it was decided that the government would extend help and financial assistance to those needy people of the State.

Chief Minister mentioned that if the beneficiaries repay the bank loans on time then they would get 50 percent grant/subsidy of the loan amount and they would get more loans in future too.

He appealed the beneficiaries to abide the rules and regulations of the banks so that they could repay the loan amount on time.

Chief Minister stated that we, Manipuris, have some drawbacks and weakness as we consider that the bank loans are being provided for free and we don't have to pay off the loans.

We should always remember that the beneficiaries have to repay the loan on time, he added.

Chief Minister appealed those banks which are operating in the State to extend help and provide financial assistance to the potential and talented people, entrepreneurs.

He said that banks don't belong to the business community and government employees only.

The present government would not tolerate those banks that don't support and extend their help for the welfare of the people of the State.

He mentioned that the government has already taken a decision that those banks that assist poorest of the poor people of the State would be definitely getting support from the government.

On the occasion, Chief Minister conveyed his best wishes and warm greetings to the people of Manipur for a happy and prosperous New Year, 2018 .

MLA of Yaiskhul AC Th.Satyabrata, Principal Secretary Vineet Joshi, officials of Manipur State Co-operative Bank Ltd were present during the distribution of loans to the beneficiaries.