KARIMNAGAR, MAY 06, 2024: The National Bank for Agriculture and Rural Development (NABARD) officials called upon the District Cooperative Central Banks (DCCB) to utilize the NABARD schemes for strengthening the cooperatives and development of rural areas benefiting the farming community.
In order to study the effective utilization of NABARD’s Cooperative Development Fund (CDF) by the Karimnagar DCCB, the NABARD had appointed retired NABARD CGM D Ravindra to study and submit a report. Accordingly, Mr Ravindra visited the Karimnagar DCCB and interacted with the bank officials and PACS development centre (PDC) officials in Karimnagar town on Monday.
Mr Ravindra appreciated the Karimnagar District Cooperative Central Bank for optimum utilization of NABARD CDF by taking up various activities. Lauding the Karimnagar DCCB, which emerged as the best cooperative bank in the country and utiilsation of the CDF funds, the NABARD retired CGM said that the Karimnagar DCCB had emerged as a role model in the country for the utilization of NABARD funds and strengthening of cooperative sector. He said that Karimnagar DCCB success formula should be followed by all other DCCBs in the country.
The NABARD had constituted a committee to study the utilization of CDF by the PACS development centre in Karimnagar, Nizamabad and Mahabubnagar districts. After studying various schemes taken by DCC, Mr Ravindra would submit a report to NABARD to take measures to further introduce new schemes for the strengthening of cooperatives in the country.
TSCAB Managing Director N Muralidhar said that the TSCAB and Karimnagar DCCB were the only cooperative sectors in the country to bag NAFSCOB national awards in all the four categories consecutively. Reminding that the Karimnagar DCCB was the first cooperative bank to take up computerisation of all the PACS, he said that the NITI Ayog had recommended the Union government to replicate the computerisation model of Karimnagar PACS in all PACS in the country. Accordingly, the Union government had taken up computerisation of all PACS in the country, he added.
PDC Resource Person G Satyanarayana made a power-point presentation on the performance of DCCB from loss-making bank in the year 2005 to earning profits of over Rs 100 crore during the last financial year. He said that the bank had utilized NABARD funds such as UPNRM, BHIM, PDC, FLC, CDF, and others. Stating that the KDCCB was the first cooperative to take up watershed through NABARD assistance, he said that they were in the forefront in the diversification of the PACS into MSC and opening CSC and other facilities in the rural areas. DCCB chairman Mr Konduru Ravinder Rao, CEO Mr N Satyanarayana Rao, NABARD DDMs Jayaprakash, Manohar Reddy and Dileep, general managers Prabhakar Reddy and Ushasri, DGMs, AGMs and others were also present.
