Post disbursement meet under StandUp India Scheme held

Dimapur, June 14 (EMN): The first post disbursement meet under Stand Up India (SUI) Scheme for Kohima district was held in Conclave Hall, LCS Building, Kohima town on June 13. The programme was organised by National Bank for Agriculture and Rural Development (NABARD) and Lead Bank Office (LBO) Kohima in consultation with Small Industries Development Bank of India (SIDBI), Dimapur.
The SUI Scheme was formally launched by the Prime Minister on April 5, 2016, with the objective of encouraging greenfield enterprises under trading, manufacturing and services by SC/ST and women entrepreneurs with bank loan ranging from Rs. 10 lakh to Rs. 100 lakh through Scheduled Commercial Bank Branches. Recognising the challenges faced by SC, ST and women entrepreneurs in setting up enterprises, obtaining bank loans and other support needed from time to time for succeeding in business, the SUI Scheme has created an ecosystem which facilitates and continues to provide a supportive environment through their web portal “www.standupmitra.in”.
In Kohima district, an amount of Rs. 421.13 lakh has been sanctioned by 9 banks to 20 beneficiaries since inception of the SUI Scheme. This includes eleven 11 women entrepreneurs.
The meeting was attended by officials from State Bank of India, Vijaya Bank, Central Bank of India, United Bank of India, Industrial Development Bank of India (IDBI), Bank of Baroda and Bank of India along with their beneficiaries. Officials from District Industries Centre (DIC), Entrepreneurs Associates (EA) and Institute of Information Technology and Job-Oriented Training (IIJT) represented the Stand Up Help Centres (SUHC) of Kohima district.
The programme was chaired by S. Sitlhou, Chief Manager and Lead District Manager (LDM) from SBI while BendangAier, AGM, NABARD welcomed the participants and shared the objective of the meeting. Interface with the stakeholders was moderated by S.P. Gangte, Officer-In-Charge of SIDBI, Dimapur and A. Temjen Jamir, GM, DIC, Kohima proposed vote of thanks.