Meeting of state-level bankers' committee held
Source: Chronicle News Service / DIPR

Imphal, May 17 2025: A meeting marking the "82nd State-Level Bankers Committee for the State of Manipur" was held under the chairmanship of chief secretary PK Singh on Friday.

According to a release issued by commissioner (Finance) N Ashok Kumar, recognising the importance and necessity to revive the economy of the state in the prevailing circumstances, the meeting was for the first time attended (virtually) by Department of Financial Services (DFS) secretary Naga-raju Maddirala, along with State Bank of India (SBI) MD Vinay M Tonse, Punjab National Bank (PNB) MD Ashok Chandra and heads of other regional banks.

During the meeting, CS PK Singh highlighted issues relating to the banking sector in the state.

He emphasised the need to open bank branches in all the unbanked blocks, which could have positive impacts, especially in the implementation of government schemes.

Other issues brought to the attention of the banking fraternity included need for providing insurance for sectors like transportation of cargo, building infrastructure, etc., providing of loans to Self Help Groups (SHGs) and Start-ups, and the need to hand-hold prospective loanees.

As self-employment is very crucial in the overall uplift of economy, Rural Self Employment Training Institutes RSETI) plays a very important role.

Hence, in order to make all the approved RSETIs functional, the CS assured PNB and SBI that lands for setting up of RSETIs would be provided at the earliest.

The MDs of both SBI and PNB, in turn, assured that RSETIs in the remaining approved districts would be made functional in three months' time.

Further, all steps would be taken by the banking sector to make Manipur a model state in the implementation of government schemes in the whole of North East, the MDs conveyed.

Later, the DFS secretary directed all the senior bank officials to extend every possible help in terms of opening of banks in the unbanked blocks, setting up of RSETIs and implementation of government schemes like PMVISHWAKARMA, PMEGP, PMFME, PMSURYAGHAR, PM MUDRA YOJANA, NULM, NRLM, etc.

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