\nThe programme was held in view of the decision taken during the State Credit seminar for the year 2015-16 which was conducted by National Bank for Agriculture and Rural Development (NABARD) on February 23. The programme also expected to give a fillip to financing \u201cBhoomi Heen Kisan\u201d (Landless farmers) as announced by the Union Finance Minister while presenting the Union Budget for the year 2014-15. During the awareness programme, AGM, NABARD, Bendang Aier, sensitized the participants about the role of group liability and marketing of \u201cOne for all, all for one\u201d philosophy as a business proposition where JLG members could avail loan from financial institutions without collateral but purely on the strength of peer partnership. He was of the opinion that such awareness would create viable option for purveying credit and a win-win situation for all stakeholders including banks. New chairman of Nagaland Rural Bank, KR Iyer, has encouraged the participants to work wholeheartedly especially for the disadvantaged section of the population. He said working with the bank was immensely satisfactory.
\nThe programme was attended by Chief Manager and Lead District Manager of Kohima district, Lanuteka Imchen, along with representatives from Nagaland Rural Bank, Nagaland State Cooperative Bank, HDFC, Bank of India, ICICI, Bank of Baroda, State Bank of India, Federal Bank, UCO Bank and Vijaya Bank.
\nRepresentatives from North East Initiative Development Agency (NEIDA) also participated in the programme and discussed the possibility to actively involve as a JLG Promoting Institution (JLGPI) in selected districts of Nagaland State.<\/p>\n","protected":false},"excerpt":{"rendered":"