Biren distributes loan

Imphal: Manipur chief minister N. Biren Singh distributed loan sanctions to beneficiaries under Manipur Credit Guarantee Scheme (MCGS) for Micro and Small Enterprises at the Durbar Hall of the chief minister’s secretariat under the Planning department on Thursday.

The chief minister also launched a Fertilizer Management System under the department of Agriculture.

Manipur is passing through a troubled time, which is an undeniable fact, Biren said and stressed on the need to strengthen and revive the economy of the state.

The government is also taking a huge risk to encourage and support the entrepreneurs, he said lauding the entrepreneurs of the state for being sincere, transparent and for maintaining quality.

The first sanction for the scheme is Rs 113 crore (approximately) to be provided to 1650 beneficiaries, he said. The aim is to provide around Rs 700 crore under the scheme to around 14,000 MSE units, the chief minister said.

The state government is also putting economic survival efforts in various sectors like horticulture, agriculture, he said and spoke of schemes like One Family One Livelihood, Manipur Start Up etc., he added.

People should not act on their own and impose bandhs, blockades and general strikes during such hard times, he said and further made an earnest appeal to all to act according to the law of the land.

The chief minister, in an appeal to the bankers attending the function, sought their support in reviving the state’s economy.

After launching the Fertilizer management System App, the chief minister said through the app the government will be able to regulate fertilizer distribution in the state.

He said this application will provide all information of the price of the fertilizer, how much has been distributed, available amount and will minimise corruption and efforts to manipulate.

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