Nagaland State Cooperative Bank receives National Recognition Commendation

Nagaland State Cooperative Bank receives National Recognition Commendation

AK Deb General Manager, NStCB receiving the National Recognition Commendation from Sanjeev Kumar, Addl. Secretary and Financial Advisor, Ministry of Rural Development at New Delhi on June 11. (Photo Courtesy: NStCB)

Dimapur, June 14 (MExN): Ministry of Rural Development, Government of India has awarded National Recognition Commendation to Nagaland State Cooperative Bank (NStCB) for outstanding performance in SHG Bank linkage during 2018-19.


The commendation credential was received by AK Deb, General Manager, NStCB on June 11 at New Delhi from Sanjeev Kumar, Additional Secretary and Financial Advisor, Ministry of Rural Development, Government of India in a brief function, stated R. Lipoktoba Aier, Managing Director, NStCB in a press release.


The progress of the working of the bank visa 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, NStCB and Rajuselie Lhousa, Programme Manager (FI) NRSLM at the head office 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 belief that the bank will continue to nurture and support the SHGs under NSRLM.


Kekhwengulo Lea, Vice Chairman, NStCB called upon the employees to continue in the spirit of cooperative development and to take the bank to a new height. He said that the robust financial health of the bank is necessary to carry forward the development of the rural economy of the state.


AK Deb General Manager, Accounts & MIS highlighted his interaction with the officials of Ministry of Rural Development, Government of India at New Delhi. Bendang GM (Cr & Rvy) chaired the meeting and delivered the welcome address. Vote of thanks was delivered by Nungsangwaba, General Manager, Admn & Vigil.

This article was published in the June 15 issue of The Morung Express under the headline, ‘NStCB recieves National Recognition Commendation’