Nagaland NewsChümou banking sector under review

Chümou banking sector under review

DIMAPUR: District Consultative Committee (DCC) and District Level Review Committee (DLRC) meeting of Chümoukedima district for the quarter ended June 2026 27 was held on October 16 at Brookside, DC Office Complex, under the chairmanship of Deputy Commissioner Polan John.
According to DIPR report, the meeting was attended by the Lead District Manager, Reserve Bank of India (RBI) officials, branch heads of banks, and representatives from various government departments and banking institutions.
Proceedings began with the adoption of the minutes of the previous meeting held on July 28, followed by discussions on banking performance, credit flow to different sectors, and progress of government sponsored schemes. DC Polan John and Lead District Manager Nenei Hangshing interacted with bank representatives on issues raised during the meeting.
The DC urged banks to give greater attention to agriculture and allied activities, working closely with departments to improve credit delivery and achieve targets. He also called on banks to conduct awareness programmes and outreach camps to ensure wider access to banking services and government schemes.
On PM SVANidhi, he said the matter would be taken up with the CEOs of Chümoukedima and Medziphema, particularly to encourage private banks to extend support to eligible beneficiaries. Regarding PM Surya Ghar: Muft Bijli Yojana, he informed that 39 applicants had registered so far through the ongoing Seva Setu Camp, and urged banks to assist applicants in completing rooftop solar installation processes to reduce electricity bills and ease power problems.
The meeting reviewed credit flow to priority sectors including agriculture, SHGs, MSMEs and weaker sections. Lending under government sponsored schemes, loan recovery, opening of banking outlets in rural and underserved areas, and the performance of Business Correspondents were also discussed.
Members reviewed financial literacy programmes and the implementation of social security schemes such as PMJJBY, PMSBY, and APY. Bank representatives deliberated on challenges and steps needed to improve implementation.
Lead District Manager Nenei Hangshing stressed the need to improve the district’s credit deposit (CD) ratio and urged banks to follow prescribed rules while ensuring proper services. She encouraged banks to extend education loans to more students, noting the need for greater awareness among youth. She called for regular credit outreach programmes to familiarise students with loan facilities. Expressing gratitude for cooperation during her tenure, she requested continued support for the incoming Lead District Manager.
In his closing remarks, DC Polan John appreciated the outgoing Lead District Manager for her contribution and leadership. He expressed hope that issues and suggestions discussed would be followed up by banks and departments. He also proposed a concept note for a corporate social responsibility (CSR) initiative by banks for the development of the DC Office.

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