The Union Home and Cooperation Minister, Shri Amit Shah will be the Chief Guest and shall inaugurate the one day National Conference of Rural Cooperative Banks organized by the Ministry of Cooperation and the National Federation of State Cooperative Banks (NAFSCOB) tomorrow in New Delhi. Union Minister of State for Cooperation Shri B.L. Verma, will address the valedictory session of the conference. Secretary, Ministry of Cooperation Shri Gyanesh Kumar, the Chairman of NAFSCOB, Konduru Ravinder Rao and MD of NAFSCOB, Shri Bhima Subrahmanyam shall also be present.
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
The short-term cooperative 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 broad objective to facilitate the operations of State and Central Cooperative Banks and development of short-term cooperative credit structure. NAFSCOB provides a common forum to its members and their affiliates/shareholders/ owners to project their achievements, focus their concerns and promote their interests.
The Union Home and Cooperation Minister, Shri Amit Shah will also present Performance Awards to select State Cooperative Banks/District Central Cooperative Banks (DCCBs)/PACS, and felicitate a few short-term cooperative credit institutions for 100 years of service. Amongst others who shall be attending the conference will be President of NCUI, Shri 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.