ANGOEF seeks an easier loan process

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Journalist
ITANAGAR, March 5: Taba Yall Nabam, chairman of the Arunachal NGO & Entrepreneurship Forum (ANGOEF), called on state banks to take early steps to facilitate the lending process, so that beneficiaries of various state-funded programs and State can borrow money without any problem.
She said this during a “group workshop-debate” conducted by ANGOEF at the Dorjee Khandu Convention Center here on Thursday. The workshop was organized as part of the ongoing second week-long edition of the state-level exhibition organized by ANGOEF, which will end on March 7.
Nabam advised young people and potential entrepreneurs to form Self-Help Groups (SHGs) and suggested those considering forming cooperatives to register in order to receive loans under various centrally sponsored programs. and national.
Emphasizing the need for innovation in various areas of job creation, Nabam said: “Tourism is one of those sectors which offers many opportunities for income generation. Our young people can undertake projects in this sector and become successful entrepreneurs.
She urged the industries department to conduct training programs on topics such as accounting and market research for entrepreneurs in every district of the state.
Earlier, in response to questions from participants, Apex Bank Managing Director Tsering Thongdok listed the loan facilities currently available at lead banks and advised everyone to form self-help groups and cooperatives. to get loans.
He particularly advised farmers in the state to form farmer-producer organizations and urged farmers and weavers to take advantage of the kisan credit card and weaver credit card programs.
Deputy Director of Industries, Goli Angu, advised potential borrowers to make sure they provide a detailed and appropriate project report on their projects while applying for loans from banks.
He explained how to register for Udyog Aadhar, which is a unique identification number provided by the Ministry of Micro, Small and Medium Enterprises for small and medium enterprises.
SBI Itanagar Director Soibam Ranjit Singh spoke of Pradhan Mantri Kisan Samman Nidhi, “a central sector program with 100 percent funding from GoI”, and said that under the program loans are made to beneficiaries on the production of appropriate land certificates.
NABARD Itanagar Deputy Director Baidnath Singh highlighted the assistance that NABARD provides to rural entrepreneurs and artisans, such as providing them with marketing support for their products, organizing exhibition visits, etc.
Singh also informed participants of the Arunachal Agri Startup Scheme, for which a memorandum of understanding was signed Thursday between NABARD and the state government.
Taba Akaa Nabam, owner of Yupia-based M / s Akaa Creations, and Hage Apa from Arunachal Pradesh Rural Bank (APRB) also spoke.
The program brought together, among others, representatives of SIDBI, NEDFi, Apex Bank, APRB and the regional office of NABARD, in addition to the north-eastern manager of KVIC, the director of industries, the secretary of the Arunachal Chamber of Commerce and Industries. , the director of skills development and several entrepreneurs.


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