Nagaland set to launch small business devp. campaign

Our Correspondent
Kohima, Oct. 16 (EMN): Following the launch of the Micro Units Development and Refinance Agency (Mudra) promotion campaign by the government of India, Nagaland also will be formally launching the project on Oct. 17 at the Capital Convention Centre in Kohima town.
In capital Kohima, the programme would be attended by Imkong L Imchen, minister for Health and Family Welfare and Elections as the event’s guest of honour.
Pradhan Mantri Mudra Yojan (PMMY) is a flagship scheme of the government of India aimed at providing formal access of financial facilities to non-corporate and small businesses. The promotional campaign is being initiated by the Union Finance Ministry on national basis from Sept. 27 to Oct. 17 in different parts of the country.
PMMY was initiated by the BJP-led NDA government with the primary objective of developing the micro enterprise sector in the country, and further to extend financial support so as to achieve the goal of “funding the unfunded”. The financial programme was launched by Prime Minister Narendra Modi on Apr. 8, 2015.
The promotional campaign on Mudra Yojana kick started at Varanasi, Uttar Pradesh, while it was informed that 50 such campaigns were held in different parts of the country since Sept. 27. The month-long campaign, being organised Department of Financial Services (DFS) and Ministry of Finance, will culminate on Tuesday.
Addressing a press conference today at Nagaland Secretariat, Chief Secretary Pankaj Kumar highlighted on the various financial schemes initiated by the Modi government, while he further stated the need to spread more awareness about these financial programme to every nook and corner of the State.
The chief secretary said that the state-wide campaign on Mudra Yojana is mainly to create awareness and further to extend its publicity to the people. He informed that the performance of Mudra loans in the State has been satisfactory since it was launched.
Till Sept. 30 2017, a total of 17,825 people in Nagaland have opened their accounts to avail the benefits from the three schemes which come under Mudra loans including Sishu, Kishore and Tarun.
Under Sishu loan, it was informed that 12691 have opened their accounts, while the amount disbursed stands at INR 40.16 crore. Under Kishore loan, the number of accounts opened is 3837, while INR 90.76 cr. has been disbursed. As for Tarun loan, 1297 have opened their accounts and INR 86.07 cr. has been disbursed.
The performance of Stand Up India as on Sept. 30 has seen progress since its launching. So far, 89 accounts have been opened, while an amount of 29.24 cr. has been disbursed.
Since the launch of the Prime Minister Jan Dhan Yojana (PMJDY), a total of 2,12,765 bank accounts have been opened in the State. 29 banks in the State have been involved in all the financial schemes initiated by the government, including the PMMY, which is an ambitious scheme of GoI.
The social security schemes have also seen its progress in the State with time. CS Kumar also informed that that 33830 beneficiaries have benefitted under Pradhan Mantri Jeevan Jyoti Bima Yojana, and 65830 and 1852 beneficiaries under Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana respectively.
The press conference was also attended by Paogin Haokip, Assit General Manager, SBI, Regional Business Office, Dimapur, Taliremba, OSD (Finance) and Rajesh Soundararajan, deputy commissioner, Kohima.