DIBRUGARH, Sept 29 - The National Bank for Agriculture and Rural Development (NABARD) of Tinsukia district organised a financial literacy-cum-credit camp in association with the region office of the Assam Gramin Vikash Bank (AGVB), Dibrugarh at Hansara Gaon Pnchayat community hall covering six branches of AGVB.
Samir Mazumdar, District Development Manager, spoke on the objectives of financial literacy and highlighted all banking products. Regional Manager of AGVB Prasanta Deb spoke on how SHGs could develop people economically with income generating activities after utilising bank loans. He said timely repayment of bank loans would make way for availing higher quantum of loans and financial literacy was a part of it.
Nandeswar Sonowal, Senior Manager of AGVB, Dibrugarh, explained various products of AGVB and explained five principles of SHGs for obtaining higher ratings. Akhil Baruah, director of Surjudaya NGO, spoke about coverage of Joint Liability Groups in Tinsukia with support from NABARD and banks.
Before conclusion of the programme, six branches of AGVB issued sanction letters to 101 SHGs with financial assistance of Rs 61.58 lakh, 10 JLGs with financial assistance of Rs 5.66 lakh, 27 sanction letters under MUDRA with financial assistance of Rs 7.40 lakh and sanction letters to 25 WCC with financial assistance of Rs 6.25 lakh. 22 SHG members opened bank accounts, a release said.