Seminar on NABARD State Credit conducted

(From Left to Right) Dr U.S. Saha, GM, NABARD, N.K. Gayon, GM, RBI, Alemtemshi Jamir, IAS, ACS & Dev. Commissioner; Dr. Chumben Murry, Minister of Agriculture, H.K. Khulu, IAS, APC and Tilak Das, Deputy General Manager, SBI, Guwahati releasing the State Focus Paper for the year 2011-12 during the Seminar.
 
Dimapur, March 17 (MExN): The Nagaland Regional Office of NABARD, Dimapur conducted the State Credit Seminar for the year 2011-12 on March 14, 2011 in the Conference Hall of Hotel Japfu, Kohima.
A press note received here today stated that minister of Agriculture, Dr. Chumben Murry, graced the seminar as the chief guest and guest of honour. Alemtemshi, Jamir, IAS, ACS and development commissioner, presided over the seminar.
The note said that State Focus Paper (SFP) prepared by NABARD estimating the Credit Potential of Nagaland for the year 2011-12 at Rs329.21 crores was released by Dr. Chumben Murry. The credit projection of Rs 329.21 crores for the year 2011-12 under various priority sectors activities for financing by banks in Nagaland is estimated on the basis of Potential linked Credit Plans (PLPs) prepared by NABARD for the year 2011-12 for 11 districts of the State. An exhibition of NABARD activities in the State was also held at the same venue.
In his address, Dr. Chumben Murry, minister of Agriculture, expressed his concern food security as well as condition of the farmers. He hoped that project of NABARD in State Focus Paper 2011-12 would facilitate the enhanced institutional credit flow in the state. He also elaborated on the growth of agriculture in Nagaland and adoption of farmer friendly policy by the State Government. He acknowledged the contribution of NABARD in the development of Nagaland. He also informed the House that the Government of Nagaland has decided to launch a pilot project for where the Village Development Boards (VDBs) will function as Micro Finance Institutions (MFIs), it stated.
Also, Alemtemshi Jamir, IAS, additional chief secretary in his speech dwelt on the various issues related to the credit dispensation in the State. He highlighted the various policy initiatives of the Government of Nagaland to encourage credit off-take at the ground level. Jamir stressed on the need for commercialization of agriculture as well as value addition/ processing to mitigate the effect of rapid urbanization and movement of rural population to urban areas. He also appreciated the role played by NGOs to promote livelihood programmes in the rural areas with support from NABARD.
It also stated that H.K. Khulu, IAS, agriculture production commissioner expressed his satisfaction expressed for the role played by NABARD for the overall development of Nagaland. However he was concerned about the poor CD ratio, large no of unbanked blocks, mono crop agriculture, low cost & low technology based farm mechanization, lack of storages facility, absence of post harvesting facility and deplorable conditions of agri link roads in the State. He stressed on the need for coordinated efforts of development agencies viz. banks, State Government and ICAR including KVKs for achieving the credit target of the State.
Concerning role of RBI, N.K. Gayon, general manager, RPCD, RBI, Guwahati informed that Reserve Bank of India has decided to open a Sub-office in Nagaland at the earliest. He highlighted the special subvention scheme of RBI for covering unbanked blocks and role of RSETI (Rural Self Employment Training Institutes) to increase the credit absorption of capacity through training. He also requested the Government of Nagaland to consider an alternative method to address the land mortgage issue for availing bank credit.
Moreover, Tilak Das, deputy general manager, SBI, Guwahati in his speech called upon all the bankers to have a shift from activity financing to agri business model.  In this regard, he called upon the government departments and NABARD to identify area wise agricultural activity in a cluster and provide all type of financial support starting from production to post harvesting and marketing.
In relation to NABARD policies, Dr. U.S. Saha, general manager/OIC, NABARD, Nagaland RO, Dimapur provided an overview of the credit planning exercise and NABARD’s initiatives for different development programmes under implementation for the benefit of people of Nagaland, creating assets and credit potentials further leading to contribute to the gross state domestic products and urged for providing focused attention for exploitation of the potential sectors for financing. He specifically mentioned the importance of State Focus Paper in identification of potential sectors for financing leading to asset creation for overall economic development of the State through banks with infrastructure and other supports from State Government. He also stressed that NABARD extends loans to the State Govt. for infrastructure development in economic and social sectors. M K Mandal, DGM, NABARD, Nagaland RO presented sector-wise analysis of the credit projections and issues made in the SFP and detailed discussion took place after the presentation. A. K Das, AGM, SBI, Regional Office, Dimapur also addressed the Seminar on behalf of State Level Bankers Committee (SLBC).


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