Loan distributed to 1,570 beneficiaries

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Imphal: A total of Rs 65.50 crore were disbursed to 1,570 beneficiaries under the Credit Outreach programme held at the chief minister’s secretariat on Friday.

Chief minister N.Biren Singh said financial inclusion is a national priority to enable inclusive growth and the state government has implemented various schemes to achieve financial inclusion.

The state government is committed to provide financial inclusiveness, especially to support the marginalized and socio-economically neglected classes. Manipur has topped the list of Micro, Small and Medium Enterprise (MSME) business registration among the smaller states in the country. Pradhan Mantri Jan Dhan Yojna (PMJDY) has been implemented for the past four and half years in the state. A total of 10.10 lakh beneficiaries of 5,13,359 households in the state have been covered, he added.

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Under the leadership of Prime Minister Narendra Modi for leading this country out of the hardship caused by the pandemic. Under the MUDRA scheme, a total of Rs 356 crore has been financed to 45,349 beneficiaries. Around 7,466 beneficiaries have been benefited under PM SVANidhi scheme. Out of which, 94 percent beneficiaries are women. Manipur has topped among the NorthEastern states undertaking street vendor loans under PM SVANidhi scheme, Biren said.

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The program was organised by State Bank of India, Imphal.

Union minister of state for finance Dr Bhagwat Kishanrao Karad said under the leadership the banking services have been improved in the state. The opening of bank accounts under Pradhan Mantri Jan Dhan Yojana in the state is far better than the National average, he added.

It is learnt that the Bank ratio per lakh is only 8 in the state whereas the national average is 40. To cope up with the situation, the Union minister said he had instructed the banks including private sectors to open their bank branches across the state.

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Kishanrao announced that 30 bank branches will be opened before March 31, 2022. He said to achieve financial inclusion, banks will be organising door to door campaigns for opening of individual banks accounts across the state.

On the occasion SBI branches at Motbung and Jiribam and an ATM at Imphal were inaugurated.

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