As part of Azadi Ka Amrit Mohatsav celebration to commemorate 75 years of India’s Independence, 75 Self Help Groups (SHGs) under Nagaland State Rural Livelihoods Mission were given Rs 1.31 Crores loan from Nagaland Rural Bank. The cheque was handed over to NSRLM-SHGs by the Chief Minister of Nagaland during the Independence Day celebration on 15 August 2022 at the Secretariat Plaza, Kohima.
The bank credit will support the SHGs and their households in taking up income generating activities covering Farm Livelihoods, Non-Farm livelihoods and Non-Timber Forest Produce (NTFP) Micro-enterprises. This will foster the national goal of creating ‘Lakhpati SHG Women’ to enable SHG women to earn at least Rs 1 lakh per annum. The credit linkage will continue to become an annual event thereby enhancing the State Rural Livelihoods Mission’s effort towards building the creditworthiness of rural women in Nagaland. Enabling access to financial services at the doorstep and providing alternative banking solutions has the collective goal of State, NSRLM, Banks and Financial Institutions.
It may be mentioned that the State Mission has thus far created an SHG corpus of more than Rs 160 Crore which remains as a collective fund at the community level, and have also accessed Rs 28.41 Crore through bank credit till date.
