Union Finance Minister Nirmala Sitharaman speaks during an interaction with the media on the last-leg of her 3-day visit to Nagaland in Chümoukedima on August 24. Nagaland Chief Minister Neiphiu Rio and Dy CM Y Patton are also seen in the picture.
Morung Express News
Chümoukedima | August 24
Union Finance Minister Nirmala Sitharaman on Wednesday stated that apart from the considerable increase in Corporate Social Responsibility (CSR) commitment, there were huge investment interests during the CSR and Investment Conclave in Kohima.
Quite a few of these investors and industries keen to work on possible ways of investment in Nagaland came to the conclave, she said, during an interaction with the media on the last-leg of her 3-day visit to Nagaland,at the Rhododendron Hall, Central Police Officers Mess, Chümoukedima.
“Nagaland very much requires good exposure to investments and also look at projects which can benefit from CSR,” she observed, adding that, “The State is still yet to get as much investment as it is capable of absorbing.”
From the Ministry’s side, we wanted to ensure that there is enough bank access to Nagaland, she said.
As a result, we had a complete review of how many districts benefit from the presence of banks and for those districts which are really not as much covered by banks, facility should be provided.
According to the Ministry data, Dimapur has been maximum presence of banks 94 branches, followed by Kohima with 58. The third was Mokokchung, followed by Wokha and Mon at 4th and 5th respectively.
The banks are inclusive of public sectors, Regional Rural Banks (RRBS), cooperatives and private banks.
Overall, she highlighted that there were 271 branches in Nagaland, out of which 200 were public sector Banks and RRBs.
