Itanagar, Dec 20 (KNN) The Arunachal State Rural Livelihoods Mission (ArSRLM) has signed an agreement with the State Bank of India to provide banking services to self-help groups in the state.

The MoU was signed on Tuesday in the presence of Rural Development and Panchayati Raj secretary Amarnath Talwade and SBI Dibrugarh deputy general manager Aftab Ahmad Mallick represented the ArSRLM and SBI respectively.

As per reports, the joint collaboration will expedite the SHG bank linkage on savings, credit, insurance and remittances for 12,000 self-help groups promoted under the Deendayal Antyodaya Yojana National Rural Livelihood Mission (DAY-NRLM) in the north-eastern state.

Speaking on the occasion, Talwade said that approximately 12,000 SHGs, 821 primary level federations (PLFs) and 28 cluster level federations (CLFs) will be benefited through this MoU by availing the credit linkage and accessing all the major financial products and services of the bank through the largest banking network of the country.

The SBI Dibrugarh deputy general manager Mallick added that SBI will extend all support for facilitating the SHGs and its higher federation’s credit requirement along with the basic banking products.

(KNN Bureau)