Promotion of Micro Finance Project (Financial Inclusion,) a joint initiative of NABARD, RD Nagaland and SBI for Longleng District was inaugurated on the August 6 at Phom Baptist Christian Association, Nyengching, Longleng. The Micro Finance Project launched for the people of Longleng district is the first of its kind in the State.
Speaking on the occasion parliamentary secretary, transport & communication mechanical engineering P. Daku Phom acknowledging NABARD for the concern towards Phom people, said, money given to people was meant for development of the people and rural money was not meant for construction of buildings and purchasing of vehicles.
Delivering his key note address on the occasion P. Pangnyu Phom Parliamentary Secretary RD and REPA thanked God and NABARD for the concern shown towards Phom People by considering the Project first of its kind in the State. With the financial inclusion program in Longleng as a pilot project, he said, the Bank should strengthen its banking system and structures thereby disseminating the concept of the project to the rural mass.
The Parliamentary Secretary called upon Phom Baptist Church Association (PBCA) for partnership in the program implementation adding PBCA should have a hand in monitoring so that the program was successfully implemented.
Dr. Shaha, the General Manager, NABARD said, “prosperity of the District is in your hand, therefore, take the opportunity for economic development of the people of Longleng.” The GM said, NABARD requested VDBs to identify better economic and progressive activities; promising and sincere beneficiaries who would utilize the funds judiciously and information to the Bank should be updated regularly. He said, if this was strictly maintained, NABARD would initiate and launch many other complimentary programs for the interests of the people of Longleng.
DC C. K. Nihekhu Sema while welcoming the guests to Longleng District, thanked NABARD and all those engaged in pioneering financial inclusion program for the people of Longleng. Others who spoke at the function were Hamnyei Phom President, Phom People’s Council, C. Hendok Phom VDB Secy, Tangha, Dinesh Chandra Medhi, Banch Manager, SBI Longleng and Rev. Dr. Chingmak Kejong.