Business body urges formation of panel
Source: Chronicle News Service
Imphal, March 06 2024:
Welfare of Small Business Enterprise, Manipur founder Paonam Satyajit has urged the government to constitute a financial committee for discussing hardships being endured by the loanees due to the prevailing unrest situation so as to make the national banks aware about the problems.
Addressing media persons at Manipur Press Club on Tuesday, Satyajit expressed delight that the state assembly figured discussion on financial crisis arising out of the ongoing violence.
Even though it was made clear in the House that loanees are being provided moratorium by banks, there are many who do not avail such opportunities and continue to repay loan amount amidst the crisis.
Loanees who are unable to repay the loan amount are being served legal notice to confiscate mortgaged properties like land documents.
Such pressures on loanees compelled Welfare of Small Business Enterprise to approach the government for loan waiver, Satyajit said.