Dimapur, Sep. 12 (EMN): Commemorating its golden jubilee celebration year, Nagaland State Cooperative Bank Ltd (NStCB) has organised a business seminar cum capacity building programme on ‘Cooperatives /SHGs/ JLGs/ businessmen’ for Dimapur district on September 12.
The program was chaired by Lopoktoba Aier, general manager (Admn), while the welcome address was delivered by N Ramwang Chewang, deputy general manager (Cr and Rvy).
Managing Director, Imtilemba Longkumer, in his keynote address, briefly spoke on the bank and how it is adopting various new strategies to suit the credit needs of the people. In view of golden jubilee year, he said that special attention was given to the adopted villages for financial inclusion and credit linkages. He also said that best performing adopted villages and cooperative societies would be awarded during the golden jubilee celebration.
Tiakala Ao, DGM NABARD, exhorted the benefits of coming closer to the bank and availing various benefits. Stating that customers are major stakeholders of the bank, she advised the participants to make right decisions and not regret in due course of time.
Lemba Chang, joint registrar of cooperative societies, shared on how cooperative movement started with an objective come out from the clutches of money lenders and zamindari system in India. However, he lamented that in Nagaland most of the cooperative societies are defunct. He added that defunct cooperative societies would be cancelled and also moved for legal action on the defaulting societies in due course of time. He urged the societies to revive themselves into a profit making societies.
Bendangnungsang, GM (Cr& Rvy), presented the various credit products extended by the bank to individuals, groups, cooperative societies, educated employed youth, small marginal farmers and business enterprises.
VK Disong shared the benefits on subscribing PMJJBY and PMSBY.
Chumbeni Tsopoe, secretary of Gardenia Agri & Allied Coop Society Ltd. which has 180 members, thanked the bank for extending credit facilities to the society and also to their members through JLGs.
AK Deb, GM (Accts & MIS), explained on the importance of maintaining books of accounts and other mandatories to be followed by cooperative societies and SHGs. The programme concluded with the vote of thanks delivered by D Sale, GM (ID).
