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State’s livelihood mission lists out achievements

By EMN Updated: Dec 17, 2018 11:52 pm

Dimapur, Dec. 17 (EMN): The Nagaland State Rural Livelihood Mission (NSRLM) has presented its ‘achievement report on bank linkage’ during the state bankers committee’s meeting that was held on Dec. 14 in Kohima.
Since the inception of the mission, altogether 10 banks from 28 bank branches have come forward to lend credit linkage to 398 self-help groups amounting to INR three crore, updates in the form of a press release stated on Monday.
The bank linkage during the past two quarters are 52 self-help groups amounting to INR 48.30 lakh while sponsored applications pending in the bank branches are 129 self-help groups, the updates stated.
‘The state mission has created social capital of 5523 self-help groups under 43 rural development blocks in nine districts. These self-help groups have federated to their higher level institutions of 273 village level organizations and 14 block level federations,’ the updates stated.
Further, according to the press release, the use of common loan application forms for women self-help groups in the country is accepted by nationalized banks in accordance with the directive of Reserve Bank of India.
“The NSRLM is seeking approval from SBI for accepting nodal officers of NSRLM for submission of loan forms at regional offices under Dimapur and Mokokchung, especially to solve problem of single officer staff having limited manpower as well as unauthorized for sanctioning of loans,” the press release stated.
The major initiatives that are said to be ‘underway’ under the financial inclusion program is placing bank ‘sakhi’ (customer relationship managers) at bank branches, and community based recovery mechanisms are functioning there, the updates stated.
Other programs include putting in place community cadres for financial literacy and positioning self-help group members as business correspondent sakhi to “unbanked” and unreached area, the press release explained.
The state mission is said to have been organizing ‘bankers’ orientation’ programs and “exposure visits” for branch managers to places outside the state regularly. The services of national resource persons are being availed from the national mission management unit at New Delhi to ‘boost and strengthen the state mission,’ the updates stated.
The state’s mission has expressed gratitude to the bankers for constituting a ‘SLBC sub-committee’ for government programs inclusive of self-help group bank linkage, the press release added.

By EMN Updated: Dec 17, 2018 11:52:24 pm