GYALSHING, 23 Sept [IPR]: A financial inclusion workshop was held on 21 September at BhanuShalig which was organized by District Project Management Unit, Gyalshing, West Sikkim under the North East Rural Livelihoods Project [NERLP].
The NERLP is a World Bank-funded multi-state project being implemented by the Ministry of Development of North East Region (DoNER) in four eastern states of India i.e. Mizoram, Nagaland, Sikkim and Tripura. The NERLP is implemented in two districts i.e. South and West of Sikkim and 15 poorest wards of East Sikkim. The main objective of the project is to improve rural livelihoods, especially that of women by formation of SHGs.
The chief guest for the programme was ADC (W), BhimThatal who expressed that Government of India is providing more facilities to the North East Region especially for rural development where the banks play a major role.
AGM Reserve Bank of India, Gangtok, Tashila Ethenpa, informed that banks cannot deny opening of an account and that denying anyone the right to open an account goes against RBI’s banking laws.
He also informed people regarding the role of Business Correspondent in rural areas especially in those villages where the population is below 2000. In Sikkim, according to the RBI’s survey 757 villages still have population below 2000, where BC needs to be appointed which will lead to the successful implementation of financial inclusion.
The bankers mentioned that people were ignorant about many facilities due to which they go to the bank for subsidies only, very few of them go to take loan for different purposes. Yet, there are instances where people have taken loan under various heads and very few of them have repaid. This has discouraged banks to give out more loans to the people, it was added.
CBI Branch Manager, Gyalshing, MK Jha said that banks are always ready to help the people.The workshop concluded with the vote of thanks by the staff of District Project Management Unit, NERLP, Gyalshing.
The NERLP is a World Bank-funded multi-state project being implemented by the Ministry of Development of North East Region (DoNER) in four eastern states of India i.e. Mizoram, Nagaland, Sikkim and Tripura. The NERLP is implemented in two districts i.e. South and West of Sikkim and 15 poorest wards of East Sikkim. The main objective of the project is to improve rural livelihoods, especially that of women by formation of SHGs.
The chief guest for the programme was ADC (W), BhimThatal who expressed that Government of India is providing more facilities to the North East Region especially for rural development where the banks play a major role.
AGM Reserve Bank of India, Gangtok, Tashila Ethenpa, informed that banks cannot deny opening of an account and that denying anyone the right to open an account goes against RBI’s banking laws.
He also informed people regarding the role of Business Correspondent in rural areas especially in those villages where the population is below 2000. In Sikkim, according to the RBI’s survey 757 villages still have population below 2000, where BC needs to be appointed which will lead to the successful implementation of financial inclusion.
The bankers mentioned that people were ignorant about many facilities due to which they go to the bank for subsidies only, very few of them go to take loan for different purposes. Yet, there are instances where people have taken loan under various heads and very few of them have repaid. This has discouraged banks to give out more loans to the people, it was added.
CBI Branch Manager, Gyalshing, MK Jha said that banks are always ready to help the people.The workshop concluded with the vote of thanks by the staff of District Project Management Unit, NERLP, Gyalshing.
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