The North East Small Finance Bank (NESFB) Limited which has completed its one year service at its Tangla branch of Assam’s Udalguri district is now spreading wings.
The NESFB Tangla branch is making inroads among the small entrepreneurs and traders involved in animal husbandry, weaving, tea garden related business in the region which has been instrumental in extending credit which is an important instrument for rural development.
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The branch organized a ceremonious event on Thursday to celebrate its one year of existence and apprised the customers on the wide array of banking services.
The event was graced as guests by retired principal of Tangla College, Ramakanta Borah; retired Prof Ghanakanta Deka and HoD of History, Tangla College, Chandan Baruah.
Speaking as a guest, Chandan Baruah said it is a good sign that small regional private sector banks are making banking services accessible to the rural populace and small traders.
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“Though people of the State lost faith in small micro-finance companies after they were cheated by chit-fund companies, NESFB Ltd is a recognized bank by RBI operating across north-eastern states which will go a way long in breaking the conventional banking systems,” Baruah added.
Addressing the gathering, branch manager Hemanta Kumar Sarma said, “We are a bank for the people of the lower strata of the society who are often subjected to long procedures for availing banking services.”
He further stated that through some innovative and pro-customer services like Daily Deposit Scheme (DDS) and Entrepreneur Developmental Loan (EDL) and Micro-Business Loan, even people of BPL families are extended loans without any hassle.
Sarma said like the nationalized banks, North East Small Finance Bank Limited offers a wide array of services to the customers at their very doorsteps.
He urged the people of every segment of society to come forward and avail the bouquet of products offered by the bank.