The Business Association of Nagas (BAN) Tuli Chapter was launched on 30 May 2023 by BAN members led by its President, L. Mongkum Jamir in the august presence of Peter Lokho, AGM, SBI RBO Mokokchung, Tendimongba, Branch Manager SBI Tuli, Ranjit Dutta Branch Manager SBI Tzudikong, officials from All Ward Union Tuli, Tzudikong Adhoc Town Council and host of entrepreneurs from Tuli area, DIPR informed.

Peter Lokho, in his brief speech, said there are lots of opportunities the bank has to offer to the upcoming Naga entrepreneurs by granting various kinds of business loans with subsidies provided the youth are determined to do their business with commitment. He also assured to lend full support to BAN Tuli Chapter in every possible way in days to come.

Details of the Chief Minister’s Micro Finance Initiative (CMMFI), Mudra loan, Stand Up India, MSME, and many other government schemes that can be availed by genuine entrepreneurs were highlighted by L. Mongkum Jamir, President of BAN Nagaland. He stressed that subsidy should not be a means to do business. He asserted that local entrepreneurs are themselves to be held responsible to create the ecosystem and should not depend on others to do it for them. The President of BAN also said that the organization’s objective is to uplift and pave ways for the economic growth of the Naga society with a focus on young entrepreneurs.

The Executive Council members of BAN Nagaland, Tiatemsu Longchar, and Akum Jamir also highlighted various kinds of upcoming schemes to be implemented with the help of BAN Nagaland which will be initiated through the BAN Tuli Chapter in Tuli sub-division.

The meeting was chaired by Imnanungsang Lemtor, convener of the BAN Tuli Chapter. The invocation was pronounced by Molung Tzudir, proprietor of Tzudir Restaurant. A vote of thanks was pronounced by Secretary, Pangerkumba.