NSRLM Promotes ‘alternate’ Banking Model - Eastern Mirror
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Nagaland

NSRLM promotes ‘alternate’ banking model

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By EMN Updated: Sep 09, 2019 11:54 pm
Corporate business participants
Business correspondents and banking officials, pictured here, held an interactive session on September 5 in Dimapur.

Dimapur, Sep. 9 (EMN): The Nagaland State Rural Livelihoods Mission (NSRLM) is promoting an ‘alternate’ banking model for the rural areas to bring more households in the ambit of financial inclusion.
The Corporate Business Correspondents (CBCs) and the NSRLM along with business correspondent (BC) Sakhi candidates held an interactive session on September 5 in Dimapur.

The program was organized by the NSRLM. The organisers issued a press release on Monday informing about the programme.

The event was part of the ‘state level awareness program’ concerning the matter of introducing ‘alternate’ banking models, the BC Sakhi in Nagaland, the press release stated.

“BC Sakhi model is a banking service to be made reach to rural pockets (sic) and bring more households in the ambit of financial inclusion encompassing account opening, deposits, withdrawal, insurance, remittance, pension, enrolment in social security schemes etc,” the press release explained.

According to the updates, Bidyut K Basu, national resource person on financial inclusion (NRP-FI) spoke about the concepts, role and responsibilities, function and inter-relationship of BC Sakhis with NSRLM, banks and corporate BCs.

The keynote address was delivered by Rajuselie Lhousa, program manager for financial inclusion. The official talked about objectives of the NRLM, basic areas and programs of financial inclusion, status of banks in Nagaland, and the need for ‘alternate’ banking models in unreached villages and unbanked blocks in the state, the press release stated.

Further, he spoke also about the BC Sakhi policy of the NSRLM related to mechanism, incentives, commission etc as envisaged in the policy, the updates stated.

The programme also had an a session of interactions among trainees, members of banks and corporate BCs on the subject of alternate banking models, the updates stated.

Altogether 43 participants including eight from resource blocks and 34 from unbanked blocks, and bank officials representing the SBI, NSCB and NRB are stated to have attended the programme.

‘The NSRLM has a plan for FY 2019-20 of training and placing 50 BC Sakhis in different locations having favorable number of self help groups (SHG), having CIF sanctioned and SHGs credit linked in the 29 unbanked blocks existing in the state,’ the organisers stated.

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By EMN Updated: Sep 09, 2019 11:54:03 pm
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