Micro-ATMs and Rupay Kisan Credit Cards to be rolled out throughout Gujarat – Bilkul Online

Micro-ATMs to Bank Mitra Coop Societies and Rupay Kisan Credit Cards to Members of Milk Coops to be rolled out throughout Gujarat

BILKULONLINE

Ahmedabad, Feb 7: Micro-ATMs to Bank Mitra Cooperative Societies initiative to be carried out in all districts of Gujarat after the success of the pilot challenge in Panchmahal and Banaskantha districts the place 1,723 Micro-ATMs have been distributed. Similarly, after distribution of 1,23,685 Rupay Kisan Credit Card to Members of Milk Cooperatives in Panchmahal and Banaskantha districts, this initiative too is being rolled out throughout all districts of Gujarat.

Out of a complete of 8,02,639 Cooperative Societies in 29 totally different sectors in India, 81,307 coop societies are in Gujarat. This info was offered by the Minister of Cooperation, Shri Amit Shah, in Rajya Sabha on February 7, 2024 whereas replying to cooperative sector associated questions raised by RS MP Parimal Nathwani.

According to the minister’s assertion, Dairy and Fisheries cooperative societies will be made Bank Mitras of District Cooperative Central Banks (DCCBs) and State Coop Bank (StCBs). To guarantee their ease of doing enterprise, transparency and monetary inclusion, Micro-ATMs are additionally being given to those Bank Mitra Co-operative Societies with assist from NABARD to offer ‘Door-step Financial Services’. In one other initiative, in an effort to increase the attain of DCCBs/StCBs and to offer essential liquidity to the members of Dairy Cooperative societies, Rupay Kisan Credit Cards (KCCs) are being distributed to the members of cooperatives for offering credit score at comprehensively decrease rates of interest. and to allow them to hold out different monetary transactions.

In the response, the minister additionally acknowledged that particular person housing mortgage restrict of Urban Coop Banks has now been doubled from Rs 30 lakh to Rs 60 lakh and in case of Rural Coop Banks the restrict has been elevated to 2 and half instances to Rs 75 lakh. . Government has established 3 new National Level Multi-State Societies: 1) new National Multi-State Cooperative Seed Society for licensed seeds; 2) new National Multi-State Cooperative Organic Society for natural farming; 3) new National Multi-State Cooperative Export Society for selling exports.

For ‘Ease of Doing Business’ within the Cooperative sector, intensive use of data expertise is being carried out. Computerisation of the Central Registrar’s Office in order to create a digital ecosystem for Multi-State Cooperative Societies. A centrally sponsored challenge for computerization of RCS Offices has been permitted by the Government. So far, proposals from 33 states/UTs have been acquired for the challenge, out of which 30 have been sanctioned. To strengthen the long-term cooperative credit score construction, the challenge of computerisations of 1,851 models of Agriculture and Rural Development Banks (ARDBs) unfold throughout 13 states/UTs has been permitted by the Government.


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