Kohima: Nagaland CAWD Advisor Kudecho Khamo slammed banks for sitting on their hands. He spoke at the Phek District Planning and Development Board meeting on September 10. Banks need to get moving. Khamo pointed to poor loan approval rates under the Chief Minister’s Micro Finance Initiative Scheme and the Prime Minister’s Employment Generation Programme. Institutions like the State Bank of India and the Nagaland State Cooperative Bank Limited must quit dragging their feet on credit access for farmers and entrepreneurs.
Khamo warned that financial institutions only prosper when the public succeeds. He pushed for tighter cooperation between the state and lenders. "Banks could grow only when the people grow," he said. The SBI and NSCB branches in Phek gave PowerPoint updates during the session. The board scheduled the Home Guards and Civil Defence Department, along with the CAWD, to present at the next October meeting.
Beyond banking, Khamo welcomed the new Phek Superintendent of Police, Manish Bhartiya. He promised full support from local officials to help the new SP settle in. He also celebrated the September 3 passage of the Frontier Nagaland Territorial Authority Bill. The bill passed in the Nagaland Legislative Assembly to satisfy the people of Mon, Tuensang, Kiphire, Longleng, Shamator, and Noklak. Khamo credited Chief Minister Dr. Neiphiu Rio for his role in securing the deal for the eastern districts.
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