Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman participated in two Credit Outreach Programmes in Itanagar and Namsai, Arunachal Pradesh, today.

The programme at Itanagar was also attended by Shri Pema Khandu, Chief Minister, and Shri Chowna Mein, Deputy Chief Minister, Arunachal Pradesh, Shri M. Nagaraju, Secretary, Department of Financial Services (DFS), alongwith senior officials from the Central and State Governments, and the heads of SBI, PNB, NABARD and SIDBI.

During the programme in Itanagar, sanction letters totalling Rs. 14.4 crore were distributed to 160 beneficiaries under various schemes, including retailers, MSMEs, and financing of agricultural activities. Notably, NABARD provided assistance of Rs. 1.5 crore to Rajiv Gandhi University for establishing a Rural Business Incubation Centre and granted over Rs. 18 crore for other initiatives. Additionally, SIDBI sanctioned Rs. 40 lakh to micro-enterprises.

SBI’s commitment to community development was evident through its Corporate Social Responsibility (CSR) initiatives at Itanagar, which included the contribution of an ambulance, a hearse van, and 50 bicycles for girl students.

 The Union Finance Minister also flagged off two financial literacy demonstration vans from NABARD and one mobile medical unit from SIDBI.

In her address on the occasion, Smt. Sitharaman lauded the efforts of the banks towards Viksit Bharat and encouraged them to prioritise the financial upliftment of Arunachal Pradesh.

The Union Finance Minister underscored the need for greater access to banking facilities, such as banking correspondents and additional bank branches, to enhance financial inclusion throughout the state. This increased access will support new business ventures, allowing the people of Arunachal Pradesh to prosper and thrive.

In the other Credit Outreach Programme at Namsai, Smt. Sitharaman participated as the Chief Guest and Shri Chowna Mein as the Guest of Honour.