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Wednesday, Nov 06, 2002

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Nabard co-op bank awards

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THE Krishna District Central Co-operative Bank Ltd and the Eluru District Central Co-operative Bank Ltd in Andhra Pradesh have been adjudged as the best performing banks for 2000-01.

The Union Finance Minister, Mr. Jaswant Singh, will present the awards to the banks on Wednesday, according to the National Bank for Agriculture and Rural Development (Nabard) which has instituted them.

In order to strengthen the rural credit structure, Nabard has initiated the scheme of best performance awards under which two best performing State co-operative banks (SCBs) and the two State co-operative agriculture and rural development banks (SCARDBs) at the national level, apart from three district central co-operative banks (DCCBs) and three primary co-operative agriculture and rural development banks (PCARDBs) at the State level will be given awards annually. A special award has also been instituted for DCCBs and PCARDBs functioning in dry land areas.

Besides a trophy and citation, the cash awards for the first and second ranking SCBs and SCARDBs are Rs 5 lakh and Rs 3 lakh each respectively. At the district level, cash awards for the first and second ranking DCCBs and PCARDB are Rs 3 lakh and Rs 1.5 lakh each.

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