Imphal: Directorate of emall savings, finance department, in association with the district administration, Bishnupur and Zilla Parishad, Bishnupur on Saturday observed World Thrift Day at Panchayat Resource Centre, Bishnupur.
Ranjan Yumnam, deputy commissioner, said building real assets takes time and patience and also expressed his concern over the abysmally low culture on savings among the people of the state. He is also quick to dismiss the myth that saving money is only about large sum of money and is meant only for people with higher incomes. Stating that life is full of surprises, he said that one must save as much as they can as savings will help withstand life’s many surprises as well as for the future generations.
Cautioning against splurging on luxuries to avoid dire consequences, he said that an impulse to lead a lavish lifestyle beyond one’s means in an attempt to impress others can lead to a debt trap. Elaborating on the schemes and tools by banks and government, he said that it is rather unfortunate that many people are blinded by greed seeking easy money through unstable routes like village level micro-credit schemes.
A technicalsSession was also held at the function.