Delhi State Cooperative Bank to venture into financing farmers, artisans
Inaugurating the programme, Nabin Kumar Roy, Chief General Manager, NABARD, highlighted the critical role of cooperative banks in financial inclusion and local economic development.
On Monday, NABARD’s New Delhi Regional Office conducted its inaugural Capacity Building Workshop for branch managers of the Delhi State Cooperative Bank Ltd. (DStCB) aimed at strengthening the cooperative banking ecosystem in the National Capital Territory. NABARD’s Chief General Manager, Nabin Kumar Roy, emphasized the pivotal role cooperatives play in financial inclusion and local economic development, urging stronger governance, technology adoption, and customer-centric services.
Expert sessions featured key speakers from the Reserve Bank of India, GNCTD, and various NABARD departments, covering topics like the Integrated Ombudsman Scheme, Cyber Security, Farmers' credit needs, and business diversification opportunities in MSME financing and digital banking. Branch Managers and senior officials deliberated on professionalism and technology-led transformation in cooperative banking.
CGM, NABARD urged cooperatives to prioritize credit needs of farmers, artisans, and other underserved groups while supporting government initiatives for peri-urban and urban poor households. NABARD expressed confidence that collaborative efforts would bolster the revival or growth of at least one vibrant PACS/MPACS in Delhi. DStCB Managing Director Rajiv Kumar Kadyan called for innovation, customer-centric service, and digital adoption by Branch Managers.
NABARD reaffirmed its commitment to empowering grassroots cooperatives for sustainable and inclusive growth in Delhi.
Written by urgent.news from The Economic Times - Economy's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
