IMPHAL: The State Bank of India (SBI) has offered to extend relief on loans to its customers in Manipur, who have been affected by the ongoing unrest in the state. On August 18, the public sector bank said that the relief package includes a moratorium of up to 12 months on equated monthly installments (EMIs), interest payments, and other installments.
Stating that the bank understands the challenges that individuals and businesses are facing in Manipur at this time, it added that the relief package is aimed at providing the people of Manipur with much-needed support.
“The SBI’s relief package is a welcome move for borrowers in Manipur who have been affected by the unrest. The moratorium on EMIs and interest payments will provide them with much-needed breathing space, and help them to manage their finances as normal life and economic activities have taken a setback,” an official was quoted by the local press.
The bank elaborated that the package is available to borrowers whose accounts had not turned non-performing assets (NPAs) as on May 3, 2023. The assessment date for the relief package is May 4, 2023. Borrowers who are interested in availing relief must approach their home branches or any nearby SBI branch by August 31, 2023.
The relief package is a significant gesture from the SBI, and it is likely to be welcomed by borrowers in Manipur.
Meanwhile, three people from a village volunteer group lost their life in a wave of fresh violence in Manipur’s Ukhrul district in Friday morning.
The three volunteers – Jamkhogin Haokip (26), Thangkhokai Haokip (35), and Hollenson Baite (24) – of Thowai Kuki village were killed in a crossfire between security forces and armed miscreants in the area. The incident was reported to have occurred at 4:30 am on Friday.
