Chedema, March 30 (MExN): The Nagaland Rural Bank, National Bank for Agriculture and Rural Development (NABARD) and Nagaland State Social Welfare Board in collaboration with the State Resource Centre for Women (SRCW) conducted financial literacy and other livelihood project programme at Malo-o Stadium, Chedema on March 29.
The programme started with an exhortation by R. Juliana Medom, Assistant State Coordinator of SRCW, who encouraged the gathering to avail the best of bank services. She insisted that since the resource persons have come to the village, the participants should actively participate and have a clear understanding of the importance of being financially literate.
Manoj Chetri, Branch Manager, Nagaland Rural Bank, Kohima stressing on financial literacy elaborated on schemes such as Pradhan Mantri Suraksha Bima Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Jan Dhan Yojana, Atal Pension Yojana etc. All schemes are connected to the bank account therefore it is necessary to have a bank account, he said.
Luviheno Punyu, Assistant Manager, Nagaland Rural Bank, Kohima explained about the processes of opening a bank account and also about the LPG subsidy.
Assistant General Manager, NABARD, Bendang Aier encouraged the villagers to have healthy relationship with the banks. He said the banks are there to help them but they have to participate in the banking processes by maintaining the habit of saving in the banks. Dispelling the myth that one’s money is not safe in the bank, he said that RBI regulates the activity of the banks so if they deposit their money in the bank they are not only saving but they will also get interest for the savings. He further highlighted the livelihood interventions such as dairy and piggery that NABARD have been implementing through SHGs and JLGs.
Nari Ki Caupal, an interactive session with the women SHGs, was also conducted. Forms for opening bank accounts were also distributed.
