New Delhi: Union Home and Cooperation Minister Amit Shah will on Friday inaugurate the one-day National Conference of Rural Cooperative Banks organised by the Ministry of Cooperation and the National Federation of State Cooperative Banks (NAFSCOB) in New Delhi.
Union Minister of State for Cooperation B.L. Verma will address the valedictory session of the conference. Secretary, Ministry of Cooperation Gyanesh Kumar, NAFSCOB Chairperson Konduru Ravinder Rao, and NAFSCOB MD Bhima Subrahmanyam will be among those present, the home ministry informed in a statement.
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At the event, Home minister Amit Shah will 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.
"The Union Government led by 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 statement read.
The ministry noted that India's short-term cooperative credit structure includes 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 of facilitating the operations of State and Central Cooperative Banks and the development of a short-term cooperative credit structure.
"NAFSCOB provides a common forum for its members and their affiliates/shareholders/owners to project their achievements, focus their concerns, and promote their interests," it stated.
Amongst others attending the conference will be NCUI President Dileep Sanghani, ICA-AP President and KRIBHCO Chairperson Dr. Chandra Pal Singh Yadav, NAFED Chairperson Dr. Bijender Singh, and senior officials from the Ministry of Cooperation, the statement informed.