Business Association of Nagas (BAN) lauded the state government for implementation of the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.
In a press note, BAN president L Mongkum Jamir general secretary Dr. Yan Murry said that the implementation could not have come at a better time when businesses were trying to recover from the impact of Covid-19 pandemic.
With implementation of the SARFAESI Act, BAN said Naga entrepreneurs and businesses can now have a breather to sustain and expand its businesses while contributing towards employment generation and building our state economy.
BAN assured to closely work with banks and financial institutions so that SARFAESI Act is implemented in letter and spirit.