Many appeal for suspension of money collection
Source: The Sangai Express
Bishnupur, June 28 2023:
Numerous local clubs and meira paibi associations of Moirang Khunou have jointly imposed restriction on micro-finance institutions as well as private individuals from collecting daily/monthly/weekly loan installments, interests or tenders in view of the prevailing volatile situation in the State that has led to loss of livelihoods for many.
The joint statement was issued by L Mangoljao Singh, convenor/secretary, SANTI Club and it also bore signatures from the representatives of FANCA Club, BDA Club, KYDA Club, SEVA Club, SEYA Club, MYDO Club and HYSWA Club.
The statement cautioned that anyone found violating this prohibition must bear responsibility for the consequences.
Separately, Kakyai Mamang Young Star Club and Heirok Apunba Sinaibu Lup have made similar appeals to micro finance institutions, banks and private individuals to temporarily refrain from collecting interests from citizens in all areas under its respective jurisdictions in light of the ongoing conflict.