Pune-based prestigious cooperative institution Vamnicom in collaboration with National Forensic Sciences University (NFSU) is organizing a two-day National Workshop on “Banking Regulation (Amendment) Act 2020 & Management of State Cooperative Banks” at Gandhinagar, Gujarat. Union Cooperative Secretary Dr D K Singh will be the keynote speaker.
It will be held on 1st & 2nd March 2022. National Federation of State Co-operative Banks Ltd. (NAFSCOB), Mumbai, and the International Co-operative Banking Association (ICBA) are also the key partners.
While the central theme of the workshop will be “Banking Regulation (Amendment) Act 2020 & Management of State Cooperative Banks” four thematic panel discussions will be held around the policy implications of new provisions of the Banking Regulation (Amendment) Act 2020, structural Reforms, policy Areas of concern and the road ahead for SCBs and technology adoption and implementation respectively.
On this occasion, renowned co-operators, domain experts, and senior representatives of the Ministry of Finance, RBI, NABARD, and other rural credit institutions will be part of the discussion panel.
A press release sent to Indian Cooperative reads, ‘the design of the workshop has been carefully planned under the able leadership of Dr Hema Yadav, Director, VAMNICOM. Dr. Y.S Patil, HoC – IT and program director of this workshop has played a critical role along with Dr. S. O. Junare, Campus Director, NFSU Gandhinagar in bringing all stakeholders and CEOs on a single national platform for policy level deliberations”.
“The deliberations of the eminent panel members on the four thematic areas will help us understand the policy level implications through a constructive dialogue between all stakeholders in order to derive the necessary policy level inputs for strengthening the rural cooperative credit system”.
It further reads, “In the words of Dr. Hema Yadav, Director VAMNICOM, “Going forward, VAMNICOM, under the guidance of the Ministry of Cooperation will continue to engage with all stakeholders in constructive policy level deliberations to strengthen the cooperative movement in the country in credit as well as non-credit sectors.”
The recent macro-level changes in the cooperative sector coupled with the new provisions in the Banking Regulation (Amendment) Act 2020 call for policy deliberations on governance and management of rural credit institutions. Fundamentally, the short-term credit cooperative system for agriculture and allied activities is a three-tier structure involved in purveying credit to the grassroots.
The federal structure of the short-term rural credit comprises Primary Agricultural Credit Societies (PACS) at the village level, District Central Cooperative Banks (DCCBs) at the district level, and State Cooperative Banks at the State level. Presently there are 33 apex level State Cooperative Banks in the country that play a crucial role in the delivery of rural credit through its member institutions. Going forward, these apex-level banks need to streamline many administrative and managerial issues, it concludes.