Nagaland regional office of NABARD, Dimapur conducted a state credit seminar for the year 2011-12 on March 14 in Hotel Japfu conference hall, Kohima.
Minister for agriculture Dr. Chumben Murry graced the seminar as chief guest and Alemtemshi, Jamir, IAS, ACS and development commissioner as the guest of honour.
At the seminar, State Focus Paper (SFP) prepared by NABARD estimating the credit potential of Nagaland for the year 2011-12 at `329.21 crores was released by Dr. Chumben. The credit projection of `329.21 crores for the year 2011-12 under various priority sectors activities for financing by banks in Nagaland was estimated on the basis of potential linked credit plans (PLPs) prepared by NABARD for the year 2011-12 for 11 districts of the state. An exhibition of NABARD activities in the State was also held at the same venue.
Dr. Chumben expressed concern over food security as well as condition of the farmers.
He hoped that the project of NABARD in State Focus Paper 2011-12 would facilitate the enhanced institutional credit flow in the State.
He elaborated on the growth of agriculture in Nagaland and adoption of farmer friendly policy by the state government. He also informed the House that the Government of Nagaland has decided to launch a pilot project where the village development boards (VDBs) would function as Micro Finance Institutions (MFIs).
Alemtemshi Jamir, IAS, Additional Chief Secretary in his speech dwelt on various issues related to credit dispensation in the state. He highlighted various policy initiatives of the government of Nagaland to encourage credit off-take at the ground level.
Jamir stressed on the need for commercialization of agriculture as well as value addition/processing to mitigate the effect of rapid urbanization and movement of rural population to urban areas.
H.K. Khulu, IAS, agriculture production commissioner expressed satisfaction on the role played by NABARD for overall development of Nagaland. However he was concerned on the poor CD ratio, large no of un-banked blocks, mono crop agriculture, low cost and low technology based farm mechanisation, lack of storages facility, absence of Post harvesting facility and deplorable conditions of agri link roads in the state. He stressed on the need for coordinated efforts of development agencies viz. banks, state government and ICAR including KVKs for achieving the credit target of the State.
General manager, RPCD, RBI, Guwahati N.K. Gayon, informed that Reserve Bank of India has decided to open a sub-office in Nagaland at the earliest.
He highlighted the special subvention scheme of RBI for covering un-banked blocks and role of RSETI (Rural Self Employment Training Institutes) to increase the credit absorption of capacity through training.
He also requested the Government of Nagaland to consider an alternative method to address the land mortgage issue for availing bank credit.
Deputy general manager, SBI, Guwahati Tilak Das, in his speech called upon all bankers to shift from activity financing to agri business model. In this regard, he called upon government departments and NABARD to identify area wise agricultural activity in a cluster and provide all type of financial support starting from production to post harvesting and marketing.
Dr. U.S. Saha, general manager/OIC, NABARD, Nagaland RO, Dimapur provided an overview of the credit planning exercise and NABARD’s initiatives for different development programmes under implementation for the benefit of people of Nagaland, creating assets and credit potentials further leading to contribute to the gross state domestic products and urged for providing attention for exploitation of the potential sectors for financing.
M K Mandal, DGM, NABARD, Nagaland RO presented sector-wise analysis of the credit projections and issues made in the SFP and detailed discussion took place after the presentation. A. K Das, AGM, SBI, Regional Office, Dimapur also addressed the seminar on behalf of State Level Bankers Committee (SLBC).
The seminar ended with vote of thanks given by B.K. Thadani, Managing Director, Nagaland State Cooperative Bank (NSCB) and Dr.U S Saha, GM/OIC, NABARD.