Rs 2.58 crore loan distributed, fish feeds production begins

IMPHAL, 22nd Jul: Chief minister N Biren said that fish feed mill run by the state government has started production and fish farmers can now buy feeds at the rate of Rs 55 per kg instead of Rs 75.
The CM was distributing loan amount of Rs 2.58 crore to 2035 beneficiaries sanctioned by Manipur State Cooperative Bank (MSCB) Limited under the government’s 3rd credit linkage programme during a function held at the CM’s secretariat here on Monday.
In the short span of two years, the government has been able to bring a major change in the economy of the people. MSCB MD A Subhash had already stated that loan repayment rate has increased significantly among the people, Biren said and added that this shows the changing scenario of the state towards a better economy.
Narrating how he struggled to get a loan in the late 80s, the CM opined that the government had instructed the banks to stop harassing loan applicants. People will automatically develop the habit of repaying loans in time if they do not have to endure lengthy process and many roadblocks in the process, he maintained.
He then said that the Fish Feed mill has started functioning and fish feeds will be made available in the market. Price of the fish feeds, which contains 24-28 percent protein, would be available at Rs 55 per kg, which is Rs 25 less than the present market price of fish feed brought from outside the state. Meanwhile, feeds with 10 per cent protein will be made available at the price of Rs 15 to 20 instead of the present rate of Rs 40 per kg.
The government is planning to increase maize and soyabean production from next year. Maize and soyabean seeds will be distributed to farmers soon so that raw materials for the production of fish feeds are readily available in the state. This would also provide more income to farmers.
He further said that another Fish Feed mill will be set up at Thanga area in Bishnupur district soon.
Out of the total estimated cost of around Rs 2 crore for setting up the mill, Centre has already approved Rs 1 crore and another Rs 80 lakh would be borne by SHGs of fish farmers. The mill will help in doubling fish production in the state as well, he maintained.
MSCB MD Ahanthem Subash said that this is the 3rd Credit Linkage Programme organised by the bank. Ministry of Rural Development has given the 'Letter of Appreciation' to MSCB for outstanding performance in SHG-bank Linkage in 2018-19 for setting up 235 SHGs in the state and distributing loan amount of Rs 1.65 crore, he added.
State Planning Board deputy chairman S Rajen, deputy speaker K Robindro, Sekmai MLA H Dingo, Yaiskul MLA Th Satyabrata, principal secretary (cooperation) JC Ramthanga, principal secretary (finance) Rakesh Ranjan, secretary to CM Ningthoujam Geoffrey, fisheries director Bidyarani Ayekpam, officials of MSCB, SBI and others attended the function.

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