Nagaland State Co-operative Bank Ltd. (NSCB) Mon Branch, under Micro Finance Program, released MT Loan to 58 Self Help Groups (SHG) for different types of agriculture activities on July 29 at Mission Centre.
These SHGs are promoted and recommended to the bank for Credit Linkage program by Hills Area Development Organisation (HADO) under the banner of Konyak Baptist Church Association.
The program was chaired by Peihwang Wangsa Literature Secretary KBBB and Former Executive Director HADO. Invocation by Rev. Yinthao Pastor Mission Centre Baptist Church. Rev. M. Chemyuh Executive Secretary KBBB cum Executive Director HADO and Mr. W. Chemkai Konyak Branch Manager NSCB Ltd. Mon branch took part as speakers.
In his speech Rev. M. Chemyuh Konyak said that HADO being development wing of the Konyak Baptist Churches Association have great concern for the wellbeing of the local churches and its members and want to be a growing churches spiritually as well as economically. He also urged SHGs to utilise the loan money judiciously so that no group would become a defaulter.
Branch manager, NSCB, W. Chemkai Konyak explained in detail about terms and conditions of the loan and requested all SHGs to act accordingly. He also encouraged the groups that bank was always willing to extend higher amount to any groups who could recover the current loan within stipulated period of time. Branch Manager said that proper utilisation and timely recovery of loan would be a great help for HADO as well as for the bank.
Former HADO director, A. Peihwang Wangsa, urged the SHGs to bring good reputation to HADO through their successful implementation in different endeavour. The program ended with votes of thanks by chairperson followed by mass prayer.