CM asks banks to help violence-hit IDPs
Source: Chronicle News Service / DIPR

Imphal, September 26 2024: Chief minister N Biren Singh inaugurated two branches of Manipur State Co-operative Bank Ltd, (MSCB) at Moirang and Mayang Imphal via virtual mode from the Cabinet Hall of the Chief Minister's Secretariat on Thursday.

Speaking at the event, CM Biren conceded that the unprecedented crisis in the state has been affecting many people with hundreds forced to live in the relief camps.

He emphasised the need of the Bank to extend every possible support to the Internally Displaced People (IDPs) housed in various relief camps on priority.

Further, he stated that some nationalised banks are not providing loan to villagers due to their strict lending norms.

Lauding the officials of MSCB, he pointed out that the Bank being flexible in its lending norms has been providing soft loans to the poor and needy people of the state including IDPs residing in the relief camps.

He expressed hope that MSCB will positively extend their help to the fish farmers affected by the recent floods in the state.

The CM appreciated MSCB for its unwavering support at the grassroots level specially supporting around 1195 women Self Help Groups (SHG) and having extended collateral free credit worth around Rs 17 crore, around Rs 15 crore under Start up scheme, etc.

Biren then appealed to the borrowers to inculcate the good habit of financial discipline to easily avail loans from banks when needed, while informing that the Bank incurred a debt of Rs 116 crore in unpaid loans.

While disclosing that the government provided a one-time exemption allowing the Bank to revive back to what it is at present, he hoped that the newly opened bank branches would provide better financial services at the grassroots.

The programme was attended through video conferencing by MANIDCO chairman MLA Kongkham Robindro Singh and Moirang AC Th Shanti Singh from Mayang Imphal and Moirang branch respectively.

Chief secretary Dr Vineet Joshi, NABARD officials, MSCB managing director Bidyarani Ayekpam and officials also attended the function-at Chief Minister's Secretariat.

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