Chare Block Villages Declared 100% Credit Linked - Eastern Mirror
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Nagaland

Chare block villages declared 100% credit linked

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By EMN Updated: Aug 12, 2023 11:33 pm
Chare block villages
Participants at the first CBRM meeting held at SBI Chare branch premises on Friday.

DIMAPUR — SHGs from all 12 villages under the Chare block are already credit linked, according to the branch manager of SBI Chare, and the villages have been declared 100% credit linked.

This was disclosed during a community based repayment mechanism (CBRM) committee meeting held at SBI Chare branch premises under the Chare block of Tuensang district on Friday.

Vizoto Tetso, branch manager of SBI Chare, said the public is very cooperative and disciplined in loan repayment, and SHGs that are credit-linked are making repayments regularly. He plans to provide loans to all the SHGs that have accounts with the branch.

Speaking as a special guest, Rajuselie Lhousa, state programme manager-financial inclusion (SPM-FI) from the NSRLM’s state mission management unit, said the CBRM committee is supposed to meet monthly, with the branch manager as chairperson, the block programme manager (BPM) as convenor, bank sakhi as secretary, and two representatives from each village level organisation (VLO) as members.

The core agenda for the meeting was repayment of loans and scaling loans to other SHGs. Other issues included the maintenance of regular account transactions by SHGs and individual members, the opening of savings accounts by new SHGs and individuals, insurance enrolment and claim settlements, and so on.

He also thanked the branch manager for achieving a good record within two months of his posting to the bank branch.

Among the 183 SHG savings bank accounts opened with the bank branch, 147 are main stream SHGs, 28 are elderly, and 8 are people with disabilities. So far, 59 SHGs have received loans totaling INR 95.5 lakh.

24 members representing the VLOs, ADPMs, and BPMs of Chare, Chessore, Noksen, Sangsangyu, Shamator, and Thonokyu attended the first CBRM meeting. Thrikyuse Sangtam (ADPM) and Lemtsingla Sangtam (DCFI) also spoke at the meeting.

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By EMN Updated: Aug 12, 2023 11:33:05 pm
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