IT News
Imphal, Sept 26:
Chief Minister N. Biren Singh virtually inaugurated two branches of The Manipur State Co-operative Bank Ltd, (MSCB) at the Cabinet Hall of the Chief Minister’s Secretariat today.
Speaking on the inaugural programme, the Chief Minister stated that due to the unprecedented crisis in the State many people have been affected and some are forced to live in the relief camps. He emphasized on the need of the Bank to extend every possible support to the Internally Displaced People (IDPs) housed in various relief camps on priority.
Further, N Biren Singh stated that some nationalised banks due to their strict lending norms, the villagers were not provided with the loan. Lauding the officials of MSCB, he pointed out that the bank being flexible in its lending norms has been providing soft loans to the poor and needy persons and IDPs residing in relief camps of the State. He believed that the bank will positively extend their help to the fish farmers affected by the recent floods in the State.
The Chief Minister appreciated the MSCB bank for their unwavering support at the grass root level specially supporting around 1195 women Self Help Groups (SHG) and having extended collateral free credit worth around Rs.17 crores, around 15 crores under Start up scheme etc, he added.
He appealed to the borrowers to inculcate the good habit of financial discipline to easily avail loans from banks when needed. He hoped that the newly opened bank branches would provide better financial services at the grassroots.
The programme was attended through video conferencing by Chairman MANIDCO Kongkham Robindro Singh and MLA Moirang AC Th. Shanti Singh respectively. Chief Secretary Dr. Vineet Joshi, NABARD officials, and Officials of the MSCB also attended the function at Chief Minister’s Secretariat.
