MLA and Advisor for CAWD Kudecho Khamo on Thursday urged banks operating in Nagaland to take a more proactive role in supporting government schemes, entrepreneurs, farmers and other development initiatives.
Addressing the monthly meeting of the District Planning and Development Board (DPDB) at Phek, Khamo expressed concern over the low sanctioning of loans under the Chief Minister’s Micro Finance Initiative Scheme (CMMFIS), Prime Minister’s Employment Generation Programme (PMEGP) and other schemes through the State Bank of India (SBI), Nagaland State Cooperative Bank Limited (NSCB Ltd) and other banks.
He urged banks to facilitate credit access for eligible beneficiaries and support initiatives promoting entrepreneurship, agriculture and local economic development.
“Banks can grow only when the people grow,” Khamo said, stressing the need for greater cooperation between financial institutions and the government to advance development.
Khamo also welcomed newly posted Phek Superintendent of Police Manish Bhartiya on behalf of the DPDB and people of the district. He assured him of the cooperation and support of elected members and government officers in discharging his duties.
He congratulated the people of the six Eastern Nagaland districts on the unanimous passage of the Frontier Nagaland Territorial Authority (FNTA) Bill in the Nagaland Legislative Assembly on September 3. Khamo described it as the fulfilment of a long-cherished aspiration of the Eastern Naga people and appreciated Chief Minister Neiphiu Rio for his vision and efforts in facilitating the process.
During the meeting, the SBI and NSCB Phek branches made PowerPoint presentations. The board decided that the Home Guards and Civil Defence Department and CAWD would make presentations at the October meeting.