Pothashang News Service

Imphal, January 11, 2018: Chief Minister Nongthombam Biren Singh today distributed loans amounting to Rs. 709.54 lakh to 961 persons and SHGs in a mega credit camp at Sangai hall, Hotel Imphal, organised by Manipur Rural Bank.

The chief minister said the state government has taken up necessary measures to make release of funds by the finance department simpler and easier.

He said that the government had already issued an office memorandum to shorten file procedures to enable prompt release of funds. He also asked the authorities of different banks to devise methods of making the procedures of providing funds to the public easier.

Biren Singh also exhorted the public to develop better relationship with banks by properly utilising the loan amounts and repaying it on time. He also directed the authority of Manipur Rural Bank to study together with the officials of Imphal Municipal Corporation (IMC) to find out whether there is any feasibility of extending financial assistance to street vendors of Khwairamband Bazaar so that they may start their own business at their own localities.

Once an extensive survey is made, the street vendors can also be extended assistance through various schemes introduced by the Government under the supervision of Prime Minister Shri Narendra Modi, he added.

Informing that the State has more than 7.5 lakh unemployed youths as per the reports gathered from different Employment Exchanges, the chief minister said that the present government is seriously trying to find out a means to provide them employment in a time-bound manner.

As such, the State Budget for the fiscal year 2018-19 will give thrust to self employment through skill development, he said while adding that the Government would also help educated youths to start their own business through StartUp project, for which Rs. 35 crore had been earmarked.

The chief minister also expressed concern that there are some groups of individuals who intentionally try to discredit the present government by uploading fake and fabricated videos on the social media.

Forest and environment minister Th. Shyamkumar said it is a matter of delight for the people of Manipur that the present Government had started providing loans to deserving loanees without any hassle under the strict directive of chief Minister N. Biren Singh. It is a clear testimony that the chief minister is concerned about the welfare of the people, he opined.

Out of the loans distributed Rs. 561 lakhs were MUDRA loans.

During the fiscal year 2017-18 up to December 31, 2017, the bank has disbursed 6201 loans amounting to Rs. 3853.51 lakhs.

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