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SBI 51st branch at Jotsoma
Correspondent JOTSOMA, MAR 22 (NPN):
Published on 23 Mar. 2011 12:04 AM IST
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State Bank of India (SBI) today attained another milestone with the inauguration of its 51st Branch at Nagi Building, Jotsoma.
Parliamentary secretary for youth affairs and sports and land revenue, Naiba Konyak who formally inaugurated the new branch lauded officials of SBI for taking initiatives in venturing out into rural areas and wished them the best in their endeavor.
He reminded the state government under the leadership of present chief minister Neiphiu Rio has initiated many programs and schemes for the benefit of Nagas particularly with regard to financial aspects and urged people to support the government for effective implementation of communitization through which power has been delegated to the villages and community for development.
Dr. T. Lhuvi Nakhro, former principal director, H&FW who was the guest of honour lauded the decision of SBI to open the new branch along with ATM facility and pointed out that with so many institutions and government establishments, Jotsoma was a culmination place of people.
He urged bank officials to give their best service to the people. Jotsoma village has rich resources and many entrepreneurs who had availed bank loan are now prospering but are yet to avail banking facilities.
B. J. Sharma, general manager (Network-II) SBI, Local Head Office, Gauhati who was also present clarified that there was danger in taking loans from the bank but was quick to responded that one has to be serious on repaying before availing loans.
“The key for providing loan to the people is to generate wealth of the people but if there is no recovery, the bank cannot sustain and run the business”, he said.
However, he said that the main problem is to reach the market as a major chunk of their profit goes to some body else, which he felt was also one of the problems of loan repayment.
In this regard, he revealed that SBI was now trying to build linkage between the producers and the market.
A. K. Das, AGM (SBI Regional Office Dimapur) said that the new branch would cater to the needs of thousands of students, surrounding villagers and others.
While stressing the need to make the newly opened branch viable for business to sustain, he said many branches are today running at a loss depending on the recovery of loan and said many of the loan defaulters are found to be from the educated class who actually has the resources to repay the loan.
With the inauguration, the SBI now has now 51 branches in the state and a regional office, thus remaining as the largest banking network covering all the eleven districts in the state with a total strength of 2000 employees.
Earlier, Neibu Nagi also spoke on behalf of the landlord-Nagi Clan in whose clan the new branch stands, while Visezo Nagi, Chairman Jotsoma Village Council gave the welcome address and Krurovi Peseyie, former Naga Hoho speaker proposed the vote of thanks.

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