Manipur CM distributes Rs. 113 crore to 1,650 MSE beneficiaries

Imphal: Taking a huge risk to encourage and support the entrepreneurs amid the ongoing strife in the state, Chief Minister N. Biren Singh distributed Rs. 113 crore (approximately) loan sanctions to 1,650 beneficiaries.

Singh, who also holds a finance portfolio, handed over the loans to the beneficiaries under the Manipur Credit Guarantee Scheme (MCGS) for Micro and Small Enterprises at the Durbar Hall of the Chief Minister’s Secretariat under the Planning Department on Thursday.

The first sanction for the scheme is Rs. 113 crore for 1,650 beneficiaries, he said while gracing the function as a chief guest.

The aim is to provide around Rs. 700 crore under the scheme to around 14,000 Micro and Small Enterprises (MSEs) units, the CM said observing that it is the right time to act for economic revival.

The CM, in an appeal to the bankers attending the function, sought their support in reviving the state’s economy.

He also further spoke on the need to put in extra hard work to make up for all the lost time due to the unfortunate incidents within the next four to five months.

The government is also taking a huge risk to encourage and support the entrepreneurs, he said further lauding the entrepreneurs of the state for being sincere, transparent, and for maintaining quality.