CM Biren directs IMC and MRB to avail micro credits to Khwairamband market vendors

By A Staff Reporter

IMPHAL | Jan 11

Chief Minister Nongthombam Biren Singh has today directed Imphal Municipal Council (IMC) and Manipur Rural Bank (MRB) to conduct a survey on Khwairamband Bazar street vendors and chalk out eligible loanees.

He said that there must be eligible loanees who are under-privileged to afford taking loans and spare time going to banks and instead prefer in earning daily small wages. Women from weaker sections of the society can self-employ thereby lessening the congestion in the market area and also boosting the economy, he added.

Once they are sorted out, they can also avail various schemes under the supervision of Prime Minister Narendra Modi, he noted.

He was speaking at the mega credit camp, disbursing loans to 961 beneficiaries   worth Rs.7.09 crore through Manipur Rural Bank held at Sangai Hall, Hotel Imphal.

The CM at the same time urged the loanees to repay back their money on regular basis as banks procedures on loans are made simpler these days. He said necessary measures are taken by the state government to make file procedure of release of funds easier. He added that the government had already issued an office memorandum to shorten file procedures to enable prompt release of funds.

He also asked the bank authorities to devise methods for making the procedures of giving loans to the public easier.

Biren Singh said the state has more than 7.5 lakh unemployed youths as per employment exchange reports. The present government is seriously trying to find out a means to provide them employment in a time-bound manner, he added.

As such, the State Budget for the fiscal year 2018-19 will give thrust to self-employment through skill development. The government would also help educated youths to start their own business through StartUp project, for which Rs. 35 crore had been earmarked, said the chief minister.

He also expressed concern that there are some groups of individuals who intentionally try to discredit the present Government by uploading fake and fabricated videos on the social media.

Municipal Administration, Housing and Urban Development (MAHUD) minister Thaonaojam Shyamkumar attending the function as guest of honour appreciated the chief minister for making the loan procedures simpler and opening for all. “It shows that the present CM works for all public and is concerned for the welfare of his people,” he said.

Out of 961 beneficiaries 626 were provided finance through Mudra loans amounting to Rs.5.61 crore.