MSCB Ltd provides loans to 86 farmers
Source: The Sangai Express
Thoubal, November 02 2023:
Manipur State Cooperative Bank Limited (MSCB Ltd) distributed a loan amount of Rs 37, 49, 000 (Thirty seven lakhs forty nine thousand rupees) to 86 farmers of Thoubal district today.
The loan amount was distributed through Kisan Credit Card (KCC) scheme initiated by the Indian Government for the welfare of farmers.
The loan amount was distributed to 86 farmers who are members of seven primary agricultural cooperative societies based in Thoubal district during a 'Credit Linkage Programme' held today at the election counting hall of Thoubal DC complex.
Deputy Commissioner Thoubal Ahanthem Subhash IAS, MSCB Ltd, Board of Management president Pangambam Ranjjt Singh; vice-president Y Subhashchandra Singh; District Cooperative Officer Thoubal, I Rajen and MSCB Ltd Deputy General Manager, L Angouba attended as the presidium members of the programme.
Addressing the gathering, Thoubal DC Ahanthem Subhash that the loan provided through KCC scheme has proved to be one of the most beneficial schemes for the upliftment of the farmers.
Lauding Manipur State Cooperative Bank Limited for their continued sincere efforts to help the farmers, he said that the bank has been providing loans to the farmers for years at a nominal interest rate of 4 percent.
Further he appealed to the farmers to make the best use of loans provided to them for their upliftment and urged them to strictly adhere to the habit of repaying the loans to earn the trust of the providing banks.
Such gestures will benefit the farmers in the long run as they may take further loans depending on their plans, he added.