Participatory finance project in Nagaland | MorungExpress

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Participants in the first crowdfunding competition held in Punglwa, Songlhuh, Inbung, Heningkunglwa and Ngwalwa in Peren District from 25-27 April.

Peren, April 30 (MExN): The first competition on Participatory Finance Approach (PFA) under the project “Forest and Biodiversity Management in the Himalayas, Nagaland” was organized in the villages of Punglwa, Songlhuh, Inbung, Heningkunglwa and Ngwalwa in the Peren district from April 25 to 27.

The FPA is being implemented on a pilot basis in the five mentioned villages under Peren district, which is considered the first of its kind in the country.

According to an update received here, it was held under the community mobilization methodology and decision-making process called Participatory Finance Approach (FPA) and it was co-funded by the Federal Republic of Germany through the intermediary of the KFW (German Development Bank).

The program was organized by Nagaland Empowerment of People through Economic Development (NEPED) as the Project Implementing Agency (PIA). A storytelling contest was held for adults and a drawing contest was held for children, from which the best 5 were selected and received a cash reward with certificates.

Subsequent competitions will be held on topics related to nature and conservation and the winning ideas will be implemented by the villagers themselves through village-level working groups. A total of 70 CCA villages will be covered by these projects across the state, the update said.


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