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Union Home and Cooperation Minister Amit Shah will inaugurate the
day-long National Conference of Rural Cooperative Banks organized by the
Ministry of Cooperation and the National Federation of State
Cooperative Banks (NAFSCOB) in New Delhi today. Mr Shah will also
present Performance Awards to select State Cooperative Banks, District
Central Cooperative Banks (DCCBs), or PACS and felicitate a few
short-term cooperative credit institutions for 100 years of service.
The Government led by Prime Minister Narendra Modi has been working for
the betterment of agriculture and rural areas and as the government's
investment in agriculture infrastructure increases, so does the role and
potential of cooperatives.
The short-term cooperative credit structure in India comprises 34 State
Cooperative Banks, 351 District Central Cooperative Banks, and 96
thousand 575 PACS. The National Federation of State Cooperative Banks
was established on 19th May 1964 with the broad objective to facilitate
the operations of State and Central Cooperative Banks and development of
a short-term cooperative credit structure. NAFSCOB provides a common
forum for its members and their affiliates or shareholders or owners to
project their achievements, focus their concerns, and promote their
interests.
Union Minister of State for Cooperation B L Verma will address the
valedictory session of the conference. Secretary, Ministry of
Cooperation Gyanesh Kumar, Chairman of NAFSCOB Konduru Ravinder Rao, and
MD of NAFSCOB Bhima Subrahmanyam will also be present.
Amongst others who shall be attending the conference will be President
of NCUI Dileep Sanghani, President of ICA-AP and Chairman KRIBHCO Dr.
Chandra Pal Singh Yadav, Chairman of NAFED, Dr. Bijender Singh, and
senior officials from the Ministry of Cooperation.
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(With input from news agency language)
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