Manipur govt to deposit funds based on banks’ performance

Manipur govt to deposit funds based on banks’ performance
Manipur chief minister N. Biren inaugurating the newly rejuvenated MSCB office in Imphal on Sunday. (NP)
Correspondent IMPHAL, Aug 26 | Publish Date: 8/26/2018 11:50:21 AM IST

Manipur chief minister N Biren Singh on Sunday said that state government will deposit the money from state’s exchequer in the banks based on their performance ranking.

In this regard, he said state government was preparing ranking of all the banks operating in the state on the basis of the services provided by them to the needy people. 

The amount of money to be deposited from the state’s exchequer to these banks would be decided based on the ranking, he said after inaugurating the newly renovated building of Imphal Branch of Manipur State Co-operative Bank Ltd at Old Assembly road.

Singh said that there was no point to deposit money in the banks which are not willing to serve the needy people. A circular would be issued to ask the banks to submit the details of the services provided to the public soon, he said.

Lauding MSCB Ltd for extending help to different sections of the society, the chief minister said, “It is really encouraging to know that the bank has so far provided loan of around Rs nine crore to different individuals and organizations who approached him for financial support on Meeyamgi Numit and Hill Leaders’ Day.”

Singh also said that his government has started taking up steps to enhance state’s economy by encouraging entrepreneurship and self employment through StartUp.

State social welfare and co-operation minister Nemcha Kipgen, who attended the function said that the state government has decided to launch integrated cooperative development projects with an aim to develop primary agricultural credit societies as multi-purpose self-reliant entities, allied sector cooperatives, and viable functional linkages among cooperatives,

The first phase of the project will cover six districts - Kangpokpi, Ukhrul and Tamenglong in the hills and Imphal East, Imphal West and Jiribam in the valley, she informed. 

Under these six proposed ICDPs to be launched, the minister added, government expected to benefit 2,700 societies by promoting various economic activities through cooperatives in the sphere of agriculture, agro-based industries, cottage and household industries and agro-allied sector like fishery, dairy, handloom, horticulture, rural industries in the six selected districts.


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