ITANAGAR, Jan 5 � Arunachal Pradesh State Cooperative Apex Bank has inked a MoU with National Scheduled Tribe Finance & Development Corporation (NSTFDC) recently for bank finance to ST unemployed BPL persons of the State under various activities like establishment of dairy and goatery, bank officials said.
The NSTFDC had sanctioned Rs 46.53 crore on December 8 last for setting up of 2,200 self-employed units.
After completion of all formalities, the bank would start implementation of these schemes in the entire State in cluster basis within the next three months.
It is expected that the scheme would give a boost to the cooperative sector and the bank. It would also help in employment generation, economic growth, and income generation in the State, they said.
The scheme would be implemented under the Chief Minister�s Employment Generation Mission and likely to provide self-employment to about 9,000 unemployed youth in the first phase and about 20,000 persons in total. Under the scheme, loan would be offered at concessional rates which are repayable in five years.
Discussions have also been held by bank management with NABARD officials to dovetail the NSTFDC scheme with NABARD supported producing societies and NGOs to set up primary processing units. � PTI