Dimapur, 30 June: Parliamentary Secretary for Co-operation and Horticulture, R. Khing inaugurated the head office complex of the Nagaland State Co-operative Bank Ltd, Dimapur branch on 30th June 2008.
While speaking on the occasion, R. Khing said that ours is an agricultural state and our economy can only be developed through co-operative means, therefore the government has been encouraging co-operative societies in the state. The financial needs for economic activities of most of the societies are met from the Nagaland State Co-operative Bank which is the only state partner apex co-operative bank which has emerged as the model activity in implementing the plan and programme of the government, he added. He further said that so far as development of rural economy is concerned, with this objective in view the government had provided additional share capital of Rs. 20 crores to the bank and also partly liquated the state currently dues of government sponsored organisation like sugar mill, khandsari mill etc. The government also stands by the bank and is ready to assist the bank in all possible ways, he added.
The Parliamentary Secretary also stated that the bank on its part is adopting itself to the changing technological scenario through the process of computerization of its network of branches in order to provide better customers service. He further urged the people who have taken loan from the bank to repay the same in time so as to pass the benefit to others who are also in need of fund for their economic activity.
R. Khing hoped that the new head office branch will serve its purpose by rendering the best banking facility to all its customers as well as to earn profit and strengthen the economy of the state and benefit the people in every possible ways.
Managing Director, NSCB, P. K. Chathatani in his key note address stated that Nagaland State Co-operative Bank was established 41 years ago on the basis of co-operative principle with the prime objective of rendering service to the people of the state especially the farmers, artisans and downtrodden society with a view to elevate their economic condition. Since then, the bank has made its presence felt in almost every nook and corner of the state and there is no village in Nagaland which does not have a co-operative society. This societies, being the share holders of the bank are the real owners of the bank and it can serve the people in the best possible ways for their economic wellbeing, he said. He further stated that though the bank is primarily agricultural bank in the banking facility, it cannot confine it duties and shed its responsibility in promoting other economic activities such as trade, commerce and industry. Thus the bank has been equally committed to serve the urban population. With this in view the bank has opened its head office complex branch in the commercial hub of Nagaland (Dimapur). Our effort is worth the reward to be achieved and we shall try our best to work hand in hand for the economic wellbeing of the people of the state, he added.
Others who spoke in the function included Registrar, Co-operative Societies Nagaland, M. Imtila Jamir; DGM, OIC, RO NABARD, K.C. Panda, Board of Director, NSCB, N. Ngullie and Managing Director, NSCB, S. Sale. The programme was chaired by Principal Secretary & Finance Commissioner & Chairman NSCB, Toshi Aier, IAS.