Advisor Kudecho Khamo urged banks in Phek to support entrepreneurs and farmers to boost the district's economy.
Share
KOHIMA — Advisor for Civil Administrative Works Division (CAWD) and Taxes and Chairman of District Planning and Development Board (DPDB), Phek, Kudecho Khamo, on Wednesday urged banks in the Phek district to proactively support farmers and entrepreneurs, stating that the agri-horticultural and livestock sectors have strong potential to boost the economy and improve livelihoods.
He was addressing the District Consultative Committee-cum-District Level Review Committee (DCC-DLRC) meeting for the Phek district for the quarter ending December 2025-26, held at the DC conference hall in Phek under the chairmanship of Deputy Commissioner Rhosietho Nguori.
The meeting was attended by district administration officials, district heads of departments, the Lead Bank Manager, branch managers, and representatives from the Reserve Bank of India and National Bank for Agriculture and Rural Development (NABARD).
Also read: RTA Wokha conducts riding tests for two-wheeler taxi permits
Khamo highlighted various issues faced by the public, including the need for the installation of ATMs at Chetheba town and Rukizu Ward in Pfutsero town, which would cater to the needs of the people under the Sakraba EAC Circle as well as Phusachodu and surrounding villages.
The advisor urged banks to conduct financial literacy camps regularly to create greater awareness among the public for better financial inclusion. He also called upon banks and government departments to work collectively towards the economic development of the district.
Khamo further advised banks to support entrepreneurs and MSME initiatives in view of the high potential in the district and the special emphasis being given to these sectors by the central government. He stressed the need to seriously implement centrally and state-supported schemes so that the intended benefits reach the grassroots level.
The advisor urged banks to stand beside the people and support farmers and entrepreneurs so that they can take up various initiatives with confidence and contribute to the growth of the state and the nation.
He said, “Nagas can be trusted, and many of today’s young entrepreneurs are doing well. The poor performance of a few should not be construed negatively.”
Khamo also asserted that banks can adopt potential young entrepreneurs in their localities and grow together with them.
During the meeting, the house adopted the minutes of the previous meeting and deliberated on various agendas relating to the quarter ending December 2025-26 across the eight priority sectors of the district.
Discussions were also held on the conduct of financial literacy camps and the expansion and deepening of the digital payment ecosystem.