NSRLM workers advocate financial inclusion - Eastern Mirror
Saturday, January 28, 2023

NSRLM workers advocate financial inclusion

By Our Correspondent Updated: Jan 29, 2020 12:11 am

Our Correspondent
Kohima, Jan. 28 (EMN):
A ‘financial inclusion mela’ organised by the Nagaland State Rural Livelihood Mission (NSRLM) was conducted on Tuesday at Chiephobozou ground, in Kohima.

Officials said that the NSRLM believes even the poorest people have the opportunity to ‘come out’ of poverty if they are given the right guidance, training and education. The goals and work are to reduce poverty through sustainable livelihood.

Officials also said that the mission has four work components namely, institutional building capacity development (IBCD), financial inclusion (FI), livelihood including both farm and non-farm, and management information system (MIS). They said there are specialists and professionals in all the management level units ie., state, district and block levels for all the four.

Officials said mentioned that it is the third year of implementation of the NSRLM in Chiephobopzou. They have already formed two levels of Institutions which are self-help groups (SHG) and village level organisation (VLO). By the end of March, they plan to form a ‘block federation.’ At present there are 216 SHG and 21 VLO, the officials informed.

Highlighting the SHG, officials said that only women are included in the group. They are trained and nurtured in how to maintain record books, manage and work within teams, and how to manage a productive self-help group. After three months of group formation, they are provided with a revolving fund of INR 15,000.

It was informed that more than 204 SHGs have been given a start-up fund of INR 2000 each amounting to INR 4,08,000. 206 SHG out of 216 from Chiephobozou block has received revolving funds amounting to INR 30, 90,000.

Also, 21 VLO’s were given a start-up INR 60,000 each amounting to a total of 12, 60,000. They have also been given funds for community investment amounting to 24, 30, 000.

By Our Correspondent Updated: Jan 29, 2020 12:11:00 am