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| Credit is a critical factor in development of agriculture and rural sector as it enables investment in capital formation and technological upgradation. Hence strengthening of rural financial institutions, which deliver credit to the sector, has been identified by NABARD as a thrust area. Various initiatives have been taken to strengthen the cooperative credit structure and the regional rural banks, so that adequate and timely credit is made available to the needy. |
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| In order to reinforce the credit functions and to make credit more productive, NABARD has been undertaking a number of developmental and promotional activities such as:- |
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Help cooperative banks and Regional Rural Banks to prepare development actionsplans for themselves
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Enter into MoU with state governments and cooperative banks specifying their respective obligations to improve the affairs of the banks in a stipulated timeframe |
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Help Regional Rural Banks and the sponsor banks to enter into MoUs specifying their respective obligations to improve the affairs of the Regional Rural Banks in a stipulated timeframe |
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Monitor implementation of development action plans of banks and fulfillment of obligations under MoUs |
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Provide financial assistance to cooperatives and Regional Rural Banks for establishment of technical, monitoring and evaluations cells |
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Provide organisation development intervention (ODI) through reputed training
institutes like Bankers Institute of Rural Development (BIRD), Lucknow www.birdindia.com, National Bank Staff College, Lucknow www.nbsc.in and College of Agriculture Banking, Pune, etc.
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Provide financial support for the training institutes of cooperative banks |
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Provide training for senior and middle level executives of commercial banks, Regional Rural Banks and cooperative banks |
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Create awareness among the borrowers on ethics of repayment through Vikas Volunteer Vahini and Farmer’s clubs |
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Provide financial assistance to cooperative banks for building improved management information system, computerisation of operations and development of human resources |
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