Union Finance Minister,. Nirmala Sitharaman attended a Credit Outreach Program today in Namsai district of Arunachal Pradesh.
The event was graced by the Deputy Chief Minister of Arunachal Pradesh, Chowna Mein, and key officials from the Department of Financial Services (DFS), including the Secretary, Additional Secretary, as well as senior representatives from the State Bank of India (SBI), NABARD, SIDBI, and the state government.
During the program, the Finance Minister inaugurated the SBI Regional Business Office (RBO) in Namsai and virtually launched six additional SBI branches in the region. In a symbolic initiative for environmental conservation, Sitharaman participated in a tree plantation activity at the RBO Namsai under the ‘Ek Ped Maa Ke Naam’ campaign. As part of her engagement with the community, the Union Minister interacted with local women Self-Help Groups (SHGs) and flagged off a school bus and 100 bicycles to girl students under the CSR activity of SBI.
During the programme, sanction letters under various schemes such as Atmanirbhar Bharat, Deen Dayal Upadhyay Swavalamban Yojana (DDUSY), Stand-up India, PMSVANidhi, PMVishwakarma, Swayam Sidha and SHG were given to 195 accounts totaling to Rs. 6.81 crores.
Under NABARD interventions, sanction of Rs. 8.80 lakh to GI registered proprietors for GI tagged products was released. Further an amount of Rs. 32.37 lakh was released to the college of Agriculture of Central Agriculture University for empowering youth and women through a pilot demonstration of agriculture 4.0 technologies for suitable farming and farmer welfare. Bethel Life care charitable trust was sanctioned Rs. 30.67 lakh for DPR project for integrated floriculture and bee-keeping.
In addition, an amount of Rs. 6.5 lakh was sanctioned to Namsai Organic Spices and Agriculture Products Company Limited (NOSAAP) for rural mart and Rs. 6 lakh was sanctioned to Indian Institute of Entrepreneurship (IIE) for micro-enterprise development programs in the vibrant villages of Arunachal Pradesh.
In line with government of India’s efforts for Financial Inclusion, as part of NABARD projects, Rs. 5.7 lakh were sanctioned to Arunachal Pradesh Rural Bank for deployment of micro-ATMS and mobile signal boosters and 4 micro-ATMs of Arunachal Pradesh State Cooperated (Apex Bank) were distributed to large area multipurpose society (LAMPS). In addition to the above as part of Small Industries Development Bank of India (SIDBI) interventions, Rs. 1.5 lakh were sanctioned for women’s livelihood program. This credit outreach program assumes special significance for being held in Namsai which is the only aspirational district of Arunachal Pradesh.
