Shah to inaugurate the National Conference of Rural Cooperative Banks today


Union Home Minister Amit Shah on Friday will inaugurate a one-day national conference on rural cooperative banks organized by the Ministry of Cooperation and the National Federation of State Cooperative Banks (NAFSCOB).

Union Minister of State for Cooperation BL Verma will address the farewell session of the conference.

Cooperation Ministry Secretary Gyanesh Kumar, NAFSCOB Chairman Konduru Ravinder Rao and NAFSCOB Director General Bhima Subrahmanyam will also attend.

An official statement says that the cooperative short-term credit structure in India comprises 34 state cooperative banks, 351 district central cooperative banks and 96,575 PACS.

The National Federation of State Cooperative Banks was established on May 19, 1964, with the general objective of facilitating the operations of state and central cooperative banks and the development of a cooperative short-term credit structure.

NAFSCOB provides a common forum for its members and their affiliates, shareholders and owners to project their achievements, focus their concerns and promote their interests.

Amit Shah will also present performance awards to select State Cooperative Banks, Central District Cooperative Banks (DCCBs) and PACS, and congratulate a few short-term cooperative credit institutions for 100 years of service.

The statement said that the government has been working for the improvement of agriculture and rural areas and as government investment in agricultural infrastructure is increasing, the role and potential of cooperatives is also increasing.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Dear reader,

Business Standard has always endeavored to provide up-to-date information and commentary on developments that matter to you and that have wider political and economic implications for the country and the world. Your constant encouragement and feedback on how to improve our offering has only strengthened our resolve and commitment to these ideals. Even in these challenging times stemming from Covid-19, we remain committed to keeping you informed and up-to-date with credible news, authoritative opinions and incisive commentary on relevant topical issues.
However, we have a request.

As we battle the economic impact of the pandemic, we need your support even more so that we can continue to bring you more great content. Our subscription model has received an encouraging response from many of you who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of bringing you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism we are committed to.

Support quality journalism and subscribe to Business Standard.

digital editor


Comments are closed.