Source: The Sangai Express
Imphal, February 25, 2010:
Power Minister Phungzathang Tonsing has conveyed appreciation to the Reserve Bank of India officials for their role in adopting Pear-sonmun village of Churachandpur district as model village.
Talking with some news-persons here today, the Minister said RBI's initiative in adopting the village will go a long way in uplifting the common people.
Recounting that as a part of its platinum jubilee celebration across the country the RBI organised financial outreach programmes in the North East region including Manipur, he said apart from various people friendly initiatives by the RBI seminars were held on February 22 on the topic "North Eastern Region Vision Document 2020".Expressing that in the 75 years of existence the RBI has played an important role in the development of the country and such continuous endeavour is being appreciated by the villagers, including the people of Pearsonmun, Phungzathang, who is also the Science and Technology Minister besides holding the Horticulture and Soil Conservation portfolio observed that to mark the celebrations efforts are being by the largest banking institution to bring all adult citizens, specially from the villages in the target area under the fold of mainstream banking system.
Elaborating on the village financial outreach camp recently held at Pear-sonmun, he said it is an inseparable part and instrumental in achieving the goal of 'faster and more inclusive growth' envisioned in the Eleventh Five Year Plan.
"This camp was held with the initiative of RBI authorities at pearsonmun village in Churachandpur district on February 23," he added.
To a query on how the village would benefit under the programme, Phungzathang pointed out that as rural area commands more than half of india with significant proportion of the people below poverty line a truly inclusive growth can be achieved only through synergy of banking sector.
A banking sector that not only allocates resources to productive sector but also gives loans to the needy entrepreneurs at rational rates while providing safe-keeping and safe transfer facilities is an essential component for overall growth of the country, he affirmed.