Sharing Liabilities and Creating Assets through Joint Liability Groups

EMN
Dimapur, January 22

A daylong awareness programme on Joint Liability Group (JLG) was conducted at Sechu-Zubza on January 20. The programme was organized by Mezavi Multi-Purpose Co-operative Society (MPCS) and sponsored by National Bank for Agriculture and Rural Development (NABARD) on the theme “Sharing Liabilities and Creating Assets”. During the programme, the participants were sensitized about the role of “Group liability” and marketing of “One for all, all for one” philosophy as a business proposition where JLG members could avail loan from financial institutions without collateral but purely on the strength of peer partnership. This created a win-win situation for stakeholders including banks who are able to tap a good loan portfolio through the group liability mechanism.
The participants in the programme realised that JLGs may be the most viable option for purveying credit, especially for taking up income generating activities and making a difference to lives of people living in rural areas.
Four JLGs in Jotsoma village have already been credit linked and their members are currently undertaking pig rearing activity. Bendang Aier, AGM, NABARD, Guhato, Manager, NRB, K. Sale, Senior Inspector, NStCB and Dr Temjen, SMS, KVK Kohimaattended the programme as resource persons.