Seeking dedication and sincerity of fish farmers in Manipur in conducting farming activities and in repaying loans, Cooperation Minister Nemcha Kipgen on Monday assured to provide sufficient loans to the farmers if they stick to their commitment and sincerity.
Addressing the fish farmers during the inaugural of “Training programme for Cooperative Farmers” at Cooperative Complex in Imphal West, she stressed the roles of cooperative societies in the development of Manipur.
Kipgen said the Cooperation department has approached the National Cooperative Development Corporation (NCDC) to provide financial assistance under the Fishery project estimated to be around Rs 38.27 crore to uplift the Fishery Cooperative Societies in the state.
Stating that assistance will be provided at 70 per cent loan and 25 per cent subsidy, she said that as per the NCDC guidelines, the loan should be repaid within five years at an interest rate of 10.11 per cent per annum.
Mortgage of beneficiary land to the Cooperation department will be a must while sanctioning the loan, she said, explaining, “It is to ensure that the farmers work hard and do not misuse the amount.”
Pointing out that Monday's training programme is a part of the project, the minister called on the farmers community to move towards development with support from the government and by giving the best services in their respective fields.
Earlier, the minister also launched the ‘Portal for online Registration’ for the Registrar Cooperative Societies, Manipur.
Speaking on the occasion, additional chief secretary P Vaiphei said the web portal will make the registration works more accountable and transparent, besides being able to maintain timebound work.
He said it will also ease the applicants from all sorts of transportation to the office and other relevant work as the applicants was needed to physically come to the office only to collect the certificate.
The programme was also attended by special secretary (Cooperation) Mannuamching and registrar of the Cooperative Societies Arambam Valentina as dignitaries.
During the programme, experts also demonstrated the injection of breading hormones to fish, which is effective for fast breeding.
