Aizawl, Oct. 23 -- The Chakma Autonomous District Council (CADC) has endorsed a proposal to establish a branch of the Mizoram Cooperative Apex Bank (MCAB) at Kamalanagar, citing inadequate banking facilities in the area and the need to improve access to credit for residents and businesses.

CADC Chief Executive Member Nirupam Chakma said the existing branches of the State Bank of India (SBI) and Mizoram Rural Bank (MRB) were insufficient to meet the banking needs of the area's large population.

The proposal was discussed at a meeting held at the CADC Art and Culture Hall in Kamalanagar on Thursday. The meeting was chaired by CADC Executive Secretary Pronit Bikash Chakma and attended by MCAB Chairman Lalnunsanga, council members, official...