Thursday, September 28, 2023

Kohima banks initiate credit outreach programme

Nagaland News

Dimapur, October 28: The Department of Financial Services, Ministry of Finance, Government of India has launched pan India Credit Outreach camp from October 16 to 30 with a view to boost credit, which has become essential for all-round economic growth post COVID-19 pandemic. Accordingly banks operating in the District of Kohima have launched the campaign and could mobilized 460 beneficiaries for a total amount to Rs. 31.10 crores (approx), said a DIPR report.

On October 28, a credit outreach Initiative programme was organized by Lead Bank Office, Kohima at LCS Building, Kohima for handing over of sanctioned letters to the beneficiaries. The function was graced by ADC Kohima, N Bhavani Sri, IAS, as chief guest. Almost all the banks operating in Kohima were represented by their senior officials. SLBC Nagaland was represented by its coordinator, H Alpha Pou.
Delivering welcome address on behalf of the banks, Rajesh Kumar, Chief Manager, Bank of Baroda, Kohima highlighted the importance of financial discipline. Besii Bosco, Assistant General Manager, SBI, Kohima branch briefly highlighted the various schemes initiated by the Central Government namely Pradhan mantra MUDRA Yojana, Stand Up India, Agri Infra Fund, PMEGP, ECLGS, Mudra yojana, PM SVANidhi, and other Atmanirbhar Bhrarat Schemes.
N. Bhavani Sri, IAS, in her address, lauded the bankers for the impressive credit growth in the district in spite of the Covid-19 pandemic. She also informed that vaccination in Kohima district is showing a good progress which would enable free movement of people and thereby bring more business activities. She encouraged the member banks to help grow agricultural economy. A good number of sanctioned letters were delivered from different banks by the chief guest during the function. (Page News Service)