Noklak district gets first state cooperative bank

Noklak, 11 May (MTNews): Noklak district received its first state-level cooperative bank in Noklak town on Thursday. Located in the Kiamngan ward, the new Nagaland State Cooperative Bank (NStCB) was formally inaugurated by MLA and chairman of the District Planning and Development Board (DPDB), P Longon. While it is the first branch of the NStCB in Noklak, it is the twenty-second in Nagaland.

Addressing a gathering during the launch event, Longon noted that the opening of the bank’s branch in Noklak is a milestone for the locals. Stating that the economy of the district is based on agri-related activities, Longon said that the opening of Nagaland State Cooperative Bank will boost the economy and uplift the rural and urban people of the district. He also advised the people to get loans from the banks and repay timely. He requested the staff of the Bank to give guidance for the upliftment of the people and urged the people of the district to start opening accounts in Nagaland State Co-operative Bank and avail all benefits of the bank.

MLA Benei M Lamthiu, who was also present at the launch, explained that the opening of the new bank is aimed at financial inclusion and income generation. Earlier, he had inaugurated the NStCB ATM booth in Noklak town.

Managing Director of NStCB, Bendangnungsang claimed that the bank aims to help customers achieve financial security. He also briefed the gathering about the bank’s security schemes; cash deposit ratio and non-performing assets.

Arikumba, Deputy Commissioner of Noklak, while noting that although the bank’s staff may initially face difficulties in informing every uninitiated resident about performing banking tasks, requested them to offer full support.

General Manager of the National Bank for Agriculture and Rural Development, Tiakala Ao, also hoped that the bank will cater to the remotest part of the state and enable them to avail the benefits of various schemes and initiative launched by the bank.