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Salaries, scholarship through bank: Rio
Correspondent KOHIMA, JUL 29 (NPN):
Published on 30 Jul. 2010 12:16 AM IST
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State government was taking all measures to disburse salaries to the state government employees and also scholarship to college students through their bank accounts, chief minister Neiphiu Rio said Thursday.
Inaugurating the new SBI Bazar branch which was shifted to PHQ junction, Rio expressed the hope that disbursing salaries of the government employees through their respective bank accounts would be possible in every part of the state by year end. He said the state government would also disburse post-matric scholarship to college students through their respective bank accounts and that the students should use their ATM cards to withdraw their scholarships.
He said Rs 10 crore has been earmarked as seed money and the government targeted to help, motivate and train 1000 youths and entrepreneurs. In this regard, he said that the state government would expect the bank’s participation by providing financial linkage. The success of the year of entrepreneurs would improve the customer base and also fulfill the dream of uplifting the state’s economy.
He pointed out that there were 17 different banking institutions operating currently in the state with altogether 109 branches across the state. He said SBI was the only bank that covered all the 11 districts of the state. Stating that the State Co-operative bank also covered all the districts except Longleng, Rio said the state would see that the district was also covered.
The chief minister urged other banks to follow the footsteps of SBI and reach out to all the districts and difficult areas and not only do business but also help the needy.
“Banking institutions which do only business by accepting deposits without lending out to the people are not appreciated. Bank should not only go for lending and recovery of money but it should take the social responsibilities and create awareness on financial banking and sound investment among the people,” Rio said.
He reminded that Nagaland came into the world of money only a century ago and had lived for too long on grants and subsidies and that even loans were taken as grants. He said Nagas have not been responsible borrowers.
Terming the SBI as a premier PSU of the government of India, Rio lauded the SBI and its financial activities in various developmental schemes and in facilitating credit flow and also expressed hope that the partnership would grow from strength to strength.
Rio pointed to the government of India’s policy to cover all villages with more than 2000 population with banking facilities in the country and drew the attention of the SBI officials present that there were more than 200 villages in the state which has more than 2000 population.
Stating that Nagaland was the last block of banking, he also assured that the state would assist in whatever possible ways including providing its chopper service as and when the service was required.
SBI Local Head Office, NE Circle CGM, R. K. Garg in his exhortation spelled out various plans and programmes of the SBI in the current financial year. He said that the new ATM booth which was inaugurated earlier by chief minister Neiphiu Rio at the new SBI premise was the 10th SBI ATM in Kohima. He also revealed that SBI was likely to open 3 more branches in the current financial year, one each in Dimapur and Kohima and the other outside. Presently, SBI has altogether 50 branches while it is also looking forward for business correspondent.
He also termed yesterday’s meeting with the state government as “very fruitful” discussion and declared that the SBI would open 12 more ATMs in the state during the current financial year. Presently, SBI has 38 ATM booths in the state.
The CGM revealed that SBI would go for more and more electronic banking such as smart card while self service kiosk would also be placed in various places in the state which would eventually cut down cash banking.
Garg also declared that SBI would sponsored farmers club in the current financial year and provide credit linkage to 500 SHGs. Last year, SBI had sponsored 56 farmers club.
He also said that the bank was targeting to finance in Horticulture and Floriculture in the state and revealed that it had provided Loan of Rs 900 crore last year which was 70% of the total loan given out by all the banks operating in the state. He declared that the SBI had so far adopted 101 girl child from the state during the last few years.
Further, he revealed that SBI was planning to open 6 RUSETI which other banks shy away from. RUSETI would impart training along with the support of the state government on various schemes and facilities provided by SBI.
Earlier, SBI RBO Dimapur, A. K. Das while delivering welcome address said that the SBI Bazar branch was opened in 1981 at the old premise. He termed the new premise as a long cherished dream of the SBI and said that it would benefit the local people.
Earlier, chief minister Neiphiu Rio formally inaugurated the new SBI Bazar Branch and the new ATM booth while CGM, SBI Local Head Office, NE Circle, R. K. Garg unveiled the plague.

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