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NStCB awarded ‘national recognition commendation’

NStCB awarded ‘national recognition commendation’
A.K. Deb, general manager, NStCB receiving the national recognition commendation.
Dimapur, Jun 15 (NPN) | Publish Date: 6/15/2019 11:40:34 AM IST

The Nagaland State Cooperative Bank (NStCB) was awarded national recognition commendation by ministry of Rural Development, Government of India for outstanding performance in SHG Bank linkage during 2018-19. 

The commendation credential was received by A.K. Deb, general manager, Nagaland State Cooperative Bank  on 11 June at New Delhi from Sanjeev Kumar, additional secretary and financial advisor, ministry of Rural Development.

The progress of the working of Nagaland State Cooperative Bank  vis a vis SHG Bank linkage under National Rural Livelihood Mission (NRLM), a flag ship programme of the Government of India, was deliberated upon by the senior executives of the bank along with Kekhwengulo Lea, vice chairman of the bank and Rajuselie Lhousa, programme manager (FI) NRSLM on June 13. 

Bendangnungsang, general manager (Credit & Recovery) while highlighting the SHGs Saving and Credit Linkages programme of the bank, informed that of the 6500 Saving Linkages more than 4000 SHGs had credit linkages with amount surpassing Rs.65.00 crore as on March 31, 2019. 

Further he reaffirmed the bank’s commitment to poverty alleviation and economic sustenance of the rural masses with special focus on women SHGs under NSRLM. 

Rajuselie Lhousa lauded the bank for its initiative in elevating the rural economy of the state by extending financial assistance to women SHGs in large number and expressed hope that the bank will continue to nurture and support the SHGs under NSRLM.

Kekhwengulo Lea, vice chairman of the bank called upon the employees to continue in the spirit of cooperative development and to take the bank to new height. 

He said the robust financial health of the bank is necessary to carry forward the development of the rural economy of the state. 

Bendang, general manager (cr) & Rvy) chaired the meeting and the vote of thanks was proposed by Nungsangwaba, general manager(Admn & Vigil).

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