Borrowers in insurgency-hit areas are struggling to repay loans in the agriculture and MSME sectors, as well as loans in the retail sector. Manipur’s Institutional Finance Department had earlier stated that banks have decided to restructure existing loans and grant new ones. There are reports that banks have extended the moratorium period of various loans up to 12 months. A 12-month moratorium has been granted for personal loans, home loans and auto loans. This will be a relief to those who are struggling to repay their loans.
Meanwhile, Finance Minister Nirmala Sitharaman asked everyone to try to get Manipur out of the crisis. A collective effort is needed to restore peace in the state. The crisis faced by women in Manipur is a very serious and sensitive issue. The state is passing through a very difficult phase and all communities are suffering equally. Nirmala Sitharaman demanded that Manipur is a beautiful state and the state should recover from the crisis as soon as possible.
But the stance taken by the Prime Minister and his silence on the Manipur issue has led to criticism. It is noteworthy that the Prime Minister, who was on foreign trips when Manipur was on fire, did not intervene in the matter. In the months of May and June, the Prime Minister was on a foreign trip. The Prime Minister continued to travel abroad without trying to solve the problems of the riot-hit area or meet the victims of the attacks.
