A public-sector bank, regional rural bank, or district cooperative branch handling accounts, DBT and Mudra loans.
Phek has 3.7 bank branches per lakh population, behind the typical district. The district's credit-deposit ratio is 145.5, better than the typical district. Every branch here is a physical point of access to savings and credit.
53% of registered enterprises are in services while 47% are in manufacturing. Only 31% of school-age children are enrolled in higher secondary school (classes 9–12).
In Phek, which ranks 11 of 17 in Nagaland for youth opportunity, the overall opportunity score is 48.6 out of 100. It trails the national picture on credit going to productive use at 20.2% and women with a bank account at 66.3%. On small-business loans per lakh people at ₹2,532, it sits close to the national mark. The district has 2,462 registered enterprises.