CM distributes loans on the New Years eve
Pothashang News Service
Imphal, December 31, 2017: Chief Minister Nongthombam Biren Singh today handed over loans amounting Rs. 54, 36,000 to 45 beneficiaries who included farmers and entrepreneurs at the chief minister’s secretariat.
The loan amounts were given to the 34 piggery farmers, 10 beneficiaries to dairy farmers and one beneficiary for embroidery. The beneficiaries included two persons who came on previous Meeyamgi Numit asking for financial assistance and others under Area Development Scheme.
The loan assistance ranging from Rs. 92,000 to Rs. 10 lakh was provided through the Manipur State Co-operative Bank.
Talking to reporters Biren Singh said the government is for the people and the sole purpose of having a government is to serve the people and work towards development of the state. After meeting different sections of the society on Meeyamgi Numit and Hill Leaders’ Day on every month, the government thoroughly discussed with some banks for providing loans to needy people and it was decided that the government would extend help and financial assistance to those needy people of the state, added Biren Singh.
He said if the beneficiaries repay the bank loans on time then they would get 50 percent grant or subsidy of the loan amount and they would get more loans in future too. He appealed the beneficiaries to abide the rules and regulations of the banks so that they could repay the loan amount on time.
We, Manipuris, have some drawbacks and weakness as we consider that the bank loans are being provided for free and we don’t have to pay off the loans. We should always remember that the beneficiaries have to repay the loan on time, he added.
The chief minister appealed those banks which are operating in the state to extend help and provide financial assistance to the potential and talented people, entrepreneurs. He said banks don’t belong to the business community and government employees only.
“The present government would not tolerate those banks that don’t support and extend their help for the welfare of the people of the state”, said the chief minister. He said the government has already taken a decision that those banks that assist poorest of the poor people of the state would be definitely getting support from the government.
On the occasion, Chief Minister conveyed his best wishes and warm greetings to the people of Manipur for a happy and prosperous New Year, 2018.
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