Dimapur, November 6 (MTNews): The National Innovate, Integrate, and Expand (NIIE) Trade Fair 2022 organized by the Business Association of Nagas (BAN) and supported by ministry of MSME culminated on Saturday at Agri Expo Complex, Dimapur with Imnatiba Jamir, Advisor, Industries & Commerce and Employment, Skill Development & Entrepreneurship, Nagaland as the chief guest.
“The NIIE Trade Fair culminated in a very positive note with huge promise and commitment to finance 1000 entrepreneurs by the iconic signing of MOU (Memorandum of Understanding) between SBI and BAN which will bring hope and huge respite to the genuine entrepreneurs of the State,” BAN stated in a press release received here Sunday.
“This will have a paradigm shift towards how business is run in the State,” BAN stated. As per the MOU, BAN will facilitate identification, preparation of MSME through project screening, documentation and submission to SBI and once the loan is finally sanctioned, BAN will be responsible in providing training on book keeping, GST filing, statutory compliances etc.
BAN will also closely monitor, handhold and actively intervene to avoid any loan becoming irregular. Quarterly performance review of all beneficiaries will be held between SBI and BAN, it said.
The MoU envisages targeting 1000 enterprises for financing in the next 2(two) years which will create huge employment opportunities while expecting to contribute to the tune of 3 billion rupees to the national GDP, BAN said in the press release.
Delivering his speech as the chief guest at the valedictory function of the trade fair on Saturday, Imnatiba stated that the trade fair will help create a new environment where young people will take a different approach to address their unemployment issues.
Pointing out some of the few factors that have held Nagas back, Imnatiba stated that since the conception of statehood, Nagas have been depending for everything on the government. “This is the reason why the Nagas are still struggling and not going along with the rest of the country,” he remarked.
He also expressed gratitude to various organisations for acting as a pressure group for discouraging corruption and wrong culture build up through “misconstrued notions” in the Government sector.
Further, he expressed happiness to learn that the BAN has been visiting every district in the state, disseminating various schemes and programs of MSME and creating district chapters of BAN which, he said, would create a “business ecosystem” in the state. He also thanked SBI for taking proactive measure with the signing of MOU with BAN to provide loans to Naga entrepreneurs.
Earlier, the program was chaired by Longleng district convenor, BAN, Lemjan B Phom and welcome address was delivered by BAN advisor, Zubeno Mozhui. AGM Regional Business Office, SBI, Dimapur, A. Hangsing delivered a speech while souvenir report was delivered by convenor, souvenir committee, Dr. Lanusangla Tzudir and the vote of thanks was proposed by trade fair convenor, Benthungo Kithan.