Ban imposed on private microfinance bank, private money lenders and investors

TMB Report

Imphal: The Lamdeng Khunou Taothong Khunou Apunba Nupi Chaokhat Lup in a press release has imposed ban on all kinds of function of private microfinance bank, private money lenders and investors etc. in Lamsang, Taothong and Lamdeng areas in Imphal West from Tuesday onwards.

The press release signed by President Lamdeng Khunou Taothong Khunou Apunba Nupi Chaokhat Lup Irungbam (O) Ranbibala Devi stated that the ban will remain imposed till the Covid-19 lockdown is totally lifted from the state.

Ranbibala further stated that the association took the decision considering the financial problems being faced by the general public due to Covid-19 pandemic.

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