A one day awareness programme on Joint Liability Group (JLG) was organized by Mezavi Multi-Purpose Co-operative Society (MPCS) which was sponsored by National Bank for Agriculture and Rural Development (NABARD) on the theme “Sharing liabilities and creating assets” at Sechu- Zubza on January 20.
During the programme, the participants were sensitized about the role of “Group liability” and marketing of “One for all, all for one” philosophy as a business proposition where JLG members could avail loan from financial institutions without collateral but purely on the strength of peer partnership.
This would create a win-win situation for stakeholders including banks who are able to tap a good loan portfolio through the group liability mechanism.
The resource persons were AGM NABARD Bendang Aier, Manager NRB Guhato, Senior Inspector NSCB K Sale, and SMS KVK Kohima Dr. Temjen.
Secretary Kono has pronounced the invocation and the vote of thanks was delivered by Mezavi Mezavi Multi-Purpose Co-operative Society Neilezono.
