CM launches ₹3,533 crore credit plan; MSME gets highest share

Chief Minister Yumnam Khemchand Singh on Wednesday launched the State Focus Paper for 2026–27, projecting a total credit potential of ₹3,533.28 crore, at the State Credit Seminar held at Sangai Hall, Hotel Imphal, North AOC.
Organised by the National Bank for Agriculture and Rural Development (NABARD), Manipur Regional Office, the seminar brought together senior government officials, bankers and stakeholders to deliberate on strengthening credit delivery and financial inclusion in the state.
As per the State Focus Paper, the MSME sector has been allocated the highest share at 37 per cent (₹1,316.41 crore), followed by crop loans at 27 per cent (₹967.25 crore), term loans at 24 per cent (₹834.64 crore), and Other Priority Sectors at 12 per cent (₹414.97 crore).
In his address, the Chief Minister underscored the interdependence of peace, stability and development, stating that sustainable progress in the state hinges on strengthening all three pillars simultaneously. Emphasising the theme “Credit for Development in Manipur,” he described institutional credit as a key driver of grassroots transformation and economic growth.
Highlighting the state’s potential in sectors such as horticulture, fisheries, handloom, handicrafts and services, he called on banks and financial institutions to play a proactive role in unlocking these opportunities. He urged enhanced financial support for farmers, Farmer Producer Organisations (FPOs), Self-Help Groups (SHGs), rural entrepreneurs and agri-preneurs to ensure inclusive growth.
Reaffirming the government’s commitment, he said the State would continue to work closely with banks and development institutions to improve credit absorption capacity and promote productive investments across sectors.
Puneet Kumar Goel, Chief Secretary of Manipur, also attended the programme.
Officials of NABARD outlined key sectoral priorities and strategies to enhance credit flow, particularly in rural and underserved areas, while participants collectively stressed the need to improve access to institutional finance for balanced and sustainable economic development.
The Chief Minister also expressed appreciation to NABARD and the Reserve Bank of India for their continued support to the state’s development initiatives.