ITANAGAR, Jul 23: Arunachal Pradesh Agriculture and Allied Minister Gabriel D. Wangsu distributed agricultural loans worth Rs 28.17 crore to 282 beneficiaries across the state during a Monsoon Credit Outreach Program organized by the State Bank of India's Regional Business Office at Doimukh today.
The initiative, aimed at deepening financial inclusion and strengthening sustainable agricultural livelihoods, also saw the distribution of 50 sanction letters to farmers, self-help groups and young entrepreneurs across various districts of the state.
"This is a significant step forward in empowering women, promoting rural entrepreneurship and strengthening our agricultural sector," Minister Wangsu said while addressing the gathering. He urged beneficiaries to make optimal use of the loan amounts and leverage government schemes effectively.
The minister expressed satisfaction at witnessing self-help groups, young entrepreneurs and farmers moving confidently toward self-reliance through key government-supported schemes including Kisan Credit Card (KCC), Prime Minister Formalization of Micro Food Processing Enterprises (PMFME) and Farmer Producer Organizations (FPO).
Following the event, Minister Wangsu chaired a high-level strategic meeting attended by Chief General Manager of SBI Prabhas Bose, Deputy General Manager Amit Kumar, Regional Manager Rakesh Kumar and senior officials from agriculture, fisheries, animal husbandry, veterinary and dairy and rural development departments.
The meeting focused on strengthening the institutional credit ecosystem and improving coordination among stakeholders to accelerate growth in agriculture, livestock, horticulture, and fisheries, particularly through the implementation of the state government's Atma Nirbhar schemes.
"There is an urgent need to bridge gaps between policy, practice and financing," the minister emphasised, highlighting the immense potential of the state's agricultural and allied sectors as engines of rural prosperity.
SBI's Chief General Manager Prabhas Bose praised the state government's initiative and assured the bank's full commitment to supporting inclusive and sustainable development in the region. He announced that SBI would strengthen its rural outreach and simplify loan procedures, especially for Atma Nirbhar schemes.
A key outcome of the meeting was the decision to develop a digital platform for seamless operation of Atma Nirbhar schemes, ensuring timely project execution and supporting rural livelihoods more effectively.
Chief Secretary of Arunachal Pradesh, who also attended the meeting, underscored the state government's vision of "Atma Nirbhar Arunachal" and called for seamless collaboration among departments, financial institutions and communities to bring about transformational change.
The meeting concluded with directives to develop a time-bound action plan that would identify key priority areas, facilitate bankable projects and institutionalize monitoring mechanisms for accountability and impact assessment.
The initiative is expected to benefit thousands of farming families across the state while boosting rural entrepreneurship and women's empowerment in the northeastern region.

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Kenter Joya Riba

(Managing Editor)
      She is a graduate in Science with post graduation in Sociology from University of Pune. She has been in the media industry for nearly a decade. Before turning to print business, she has been associated with radio and television.
Email: kenterjoyaz@easternsentinel.in / editoreasternsentinel@gmail.com
Phone: 0360-2212313

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