Union Finance Minister Nirmala Sitharaman, who is now on a three-day visit to Nagaland, virtually inaugurated nine bank branches across four Northeastern states, including Assam, on Friday at the Credit Outreach Programme in Kiphire district.

Officials said that of the nine new bank branches, three each, in Assam and Nagaland, two in Manipur and one in Arunachal Pradesh.

Out of nine branches, eight are State Bank of India (SBI) and one is Nagaland Rural Bank.

The Finance Minister handed over sanction letters to beneficiaries of various Central Government Schemes during the Credit Outreach Programme in Kiphire district, and loans worth Rs 28.02 crore were disbursed to 350 accounts during the Credit Outreach.

The schemes and categories under which the sanction letters have been issued in

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