Union Home and Cooperation Minister Amit Shah will inaugurate the one-day National Conference of Rural Cooperative Banks, which is being organized by the National Federation of State Cooperative Banks (NAFSCOB) in collaboration with the Ministry of Cooperation in Vigyan Bhawan, New Delhi on Friday i.e. today.
Cooperation Secretary Gyanesh Kumar, Nafscob Chairman Konduru Ravinder Rao, NCUI President Dileep Sanghani, ICA-AP President Dr. Chandra Pal Singh Yadav, Nafed Chairman Bijendra Singh and others will be present on this occasion.
A core team of Nafscob took stock of preparations related to the National Conclave on Thursday. The team reviewed the preparations from entry point to exit point.
The Conference is being organized to address the crucial issues pertaining to the rural cooperative credit and banking structure, and to formulate the strategies to strengthen the rural cooperative credit and banking structure.
During the conference, Shah will also present Performance Awards to selected State Cooperative Banks/District Central Cooperative Banks (DCCBs)/PACS, and felicitate a few short-term cooperative credit institutions for 100 years of service.
Besides, Union Minister of State for Cooperation B.L. Verma, will address the valedictory session of the conference.
The Government led by Shri 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, said a govt source.
There are 33 state cooperative banks having a network of 2,072 branches and 351 district central cooperative banks having 13,589 branches across 20 states and UTs. There are 95,995 PACCs in India, according to Nabard.
The National Federation of State Cooperative Banks was established on May 19, 1964 with the broad objective to facilitate the operations of State and Central Cooperative Banks and the development of short-term cooperative credit structures. NAFSCOB provides a common forum to its members and their affiliates/shareholders/ owners to project their achievements, focus their concerns and promote their interests.