GUWAHATI, Aug 18: The State Bank of India (SBI) has introduced a substantial loan relief package for its
customers in the violence-affected region of Manipur. The package encompasses a moratorium of up to
12 months on Equated Monthly Installments (EMIs), interest payments, and other dues.
This relief initiative is available to borrowers whose accounts were not classified as non-performing
assets (NPAs) as of May 3, 2023, as stated in a notice by the SBI Manipur regional office. The
implementation of the package is based on an assessment date of May 4, 2023.
To benefit from this relief, borrowers in Manipur are encouraged to approach their home branches or
any nearby SBI branch before the deadline of August 31, 2023, as announced by the SBI.
It is pertinent to note that Manipur has been grappling with unrest since May 3, following clashes
between the Kuki and Meitei communities, which escalated into widespread violence. The state has
witnessed significant disruption, with over 150 fatalities and thousands displaced during the nearly four-
month-long period of turmoil.