Dimapur, June 25 (EMN): State Bank of India (SBI) Mon branch on June 21, equipped Phuktong villagers with banking knowledge and responsibilities of a citizen to catch-up the advancing standards of the government and banking sector.
Resource person, chief manager of SBI Mon branch, KK Sharma, shared on the need to avail Direct Benefit Transfer (DBT) by linking Aadhaar with Bank account to enjoy schemes offered by the government viz. job card in MGNREGA, LPG subsidy, PMAY etc.
He explained latest rules to open individual saving bank account and documents required. He informed that Bank accounts failing to link with Aadhaar by December 2017 shall become non-operational, besides restriction of deposits or withdrawal above 50000 to or from the account shall come into force.
He disclosed that the Bank is ready to offer credit to NRLM compliant women SHGs at 7% interest. Calling upon the public for building confidence, he said the bank exists to render service to the public while the customers should never fail the bank by defaulting recovery of loans or create hurdle to other loan applicants.
In the interactive session, regarding minimum number of KCC loans offered by the bank branch, chief manager clarified that misuse of privilege by authority of some villages and failure in repayment by beneficiaries in the recent past as the main reason. Responding to queries on minimum bank branches in the district, he said poor net connectivity as the main hurdle. Further, he appealed for support towards better infrastructure in the district so as to pull in maximum banking opportunities to the people.
Earlier, Rajuselie Lhousa, District Coordinator (Financial Inclusion) NSRLM Mon, in his keynote address shared the objectives of FLC and status of National Rural Livelihood Mission (NRLM).He reminded the SHGs to sincerely keep up the five principles ‘panchasutra’ of NRLM to grow as strong institutions and attain women empowerment, while appealing menfolk to give support to reduce poverty within one’s own society.
Altogether 95 participants representing village council, village development board, church leaders and 13 self-help groups (SHGs) attended the program.
