Monday, February 23, 2026
Nagaland NewsSARFAESI Act: CNCCI welcomes govt’s move to introduce Bill

SARFAESI Act: CNCCI welcomes govt’s move to introduce Bill

Confederation of Nagaland Chambers of Commerce and Industry (CNCCI) has expressed its gratitude to the State government for its move to table a Bill in connection with implementation of SARFAESI Act during Winter Session of the Assembly (NLA). 

CNCCI chairman Dr Khekugha Muru and general secretary Dr Seyievilie Mor in a statement recalled that they had been demanding implementation of the Act for the past three years, had written several letters to the chief minister and chief secretary, even imposed one-day State-wide shutter-down strike on September 16 this year, followed by submission of letters to chief secretary by all 12 district chambers of commerce & industry seeking immediate implementation of the Act. 

They said NLA’s Select Committee headed by chief minister Neiphiu Rio gave a public statement and assured that SARFAESI Act would be tabled in upcoming session.

Noting that implementation of the SARFAESI Act had been pending in Nagaland for almost last two decades and was to see its fruition, the CNCCI leaders appealed to all the legislators and political parties to support implementation of the Act as this would usher in enormous changes in the lives of Naga entrepreneurs, business community and economy of the State.

Acknowledging Nagaland Bar Association for its valuable opinions and appreciating it for taking active participation in the public debate, the duo pointed out that tribal States like Meghalaya had already successfully implemented the Act in tune with customary land holding practices of the tribal inhabitants of the State. 

Consequently, they said the Nagaland government too had made it clear that the Act would be implemented in consonance with Article 371 (A). Therefore, they appealed to everyone to give the Act a chance to be implemented.

The CNCCI leaders further appreciated the chief minister and planning & coordination, land revenue and parliamentary affairs minister Neiba Kronu for taking keen initiatives and interest from day one they approached him. 

They also appreciated PWD (housing & mechanical) minister Tonpang Ozukum, NPF legislators TR Zeliang and Imkong L Imchen, chief secretary J Alam and other members of Select Committee for their concern for Naga people.

They further thanked Bankers’ Union of Nagaland for standing up to the occasion and giving support and agreeing to the terms put up by Select Committee.

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