PACS will be integrated with the CBS of DCCBs
Banking Frontiers|December 2021
NABARD has earmarked `50 billion for enabling PACS to be a key player in the agri-value chain by turning them into multi service centers:
Mehul

Shaji K. V. Updates that NABARD has allocated `460 mn for deployment of micro ATMs for the current FY

NABARD has supported financial literacy efforts through various initiatives keeping in mind its importance to augment demand for financial services, especially for those offered on the digital platform. In addition, in order to augment the supply side of the financial ecosystem, NABARD has also extended support for onboarding to digital platforms, improving connectivity and meeting regulatory requirements. The Financial Inclusion Fund (FIF) housed in NABARD is mandated to support developmental and promotional activities with a view to securing greater financial inclusion.

Shaji K. V., Deputy Managing Director, explains: “In order to address the regional disparities, a differentiated strategy involving more thrust on backward districts that are constrained by various physical, economic and sociological characteristics, now termed as the special focus districts (SFDs) was adopted, to provide focused FIF interventions and bring about inclusive and equitable financial inclusion across the country. Under this, grant support was enhanced to 90% for banks in these SFDs comprising of aspirational districts, LWE districts, north-eastern region (Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura), hilly states (Jammu & Kashmir, Himachal Pradesh and Uttarakhand), Lakshadweep and Andaman & Nicobar Islands. During 2020-21, 50 more credit deficient districts were added to the list of SFDs, which now stands at 358 districts.”

LOW-COST CLOUD-BASED MODEL

NABARD has given focused attention for technology upgradation of the rural cooperative credit system in the country. The project for onboarding the top 2 tiers of the rural cooperative credit system viz., the state cooperative banks and district central cooperative banks, has resulted in accelerated adoption of technology by these cooperative banks.

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM BANKING FRONTIERSView All

SEWA Bank aims for million members

Jayashree Vyas, MD, talks about the business model and technology

7 mins read
Banking Frontiers
March 2022

Realtime Payments

Banking Frontiers organized a panel discussion on modernization of realtime payments. Distinguished panelists discussed the core issues and the probable directions:

7 mins read
Banking Frontiers
March 2022

Qube Money - a bank and a budgeting tool in one app

Qube Money is the new way one can use the services of the bank with the value add of having one’s finances managed well

4 mins read
Banking Frontiers
March 2022

Mentors can change the course for women

The increasing number of women at the workplace is a desired change, said Joti Balani, Founder and Managing Director at Freshriver.ai Inc. and mentor at fempeak.ai. In a conversation with Manoj Agrawal, Group Editor, Banking Frontiers, she highlighted those enterprises are including more women in their workforce to drive their inclusion and diversity endeavors.

5 mins read
Banking Frontiers
March 2022

Mahila Banks ramping up technology & security

These women banks motivate as well as train their customers to use modern technology:

10+ mins read
Banking Frontiers
March 2022

Leadership Goal No. 1: Quality of Life & Job Satisfaction

In a joint conversation Shefali Munjal, MD, Hero Insurance Brokers & Hardika Shah, Founder & CEO, Kinara Capital share their leadership insights and roadmap

7 mins read
Banking Frontiers
March 2022

Covid punches job satisfaction, HR fights back

3 HR heads from the leading BFSI companies shared the job satisfaction scenario at their organizations:

6 mins read
Banking Frontiers
March 2022

Brazil to examine 9 projects for CBDC

The Central Bank of Brazil and Fenasbac, or the National Federation of Associations of Central Bank Servers, have decided to examine 9 projects from different companies on a Brazilian central bank digital currency (CBDC).

2 mins read
Banking Frontiers
March 2022

Al & ML: Catalyst & Facilitator for the Finance Function

Ridhi Gangar - Chief Financial Officer, Tata Motors Finance, reveals technology-led initiatives to enhance the finance function:

3 mins read
Banking Frontiers
March 2022

8-fold path to prevent burn-out

Megha Mattoo, Chief Compliance Officer & Company Secretary, Medi Assist reveals the risk combat strategy adopted by the company

3 mins read
Banking Frontiers
March 2022
RELATED STORIES

HOW TO... Pick the Best Digital Antenna for You

Tired of paying for network TV when you used to see it for free? If you're cutting the cord, over-the-air antennas will still let you watch at no charge

3 mins read
TV Guide Magazine
April 25 - May 08, 2022

GAYLE STORMS TO NORAH'S RESCUE!

IT WAS nearly “anchor's away" for highly paid but unpopular diva Norah O'Donnell until her job was fished from the drink by her biggest rival at the network, Gayle King, spies dish!

1 min read
National Enquirer
May 02, 2022

PROOF HARRY'S UNDER MEGHAN'S THUMB!

Body language is dead giveaway

2 mins read
National Enquirer
April 11, 2022

Melinda Breaks Her Silence: Bill Cheated!

Control, alt, tell all! Melinda Gates opened up about her divorce from Bill Gates in an explosive new interview with CBS Mornings' Gayle King.

1 min read
Life & Style US
March 21, 2022

NORAH RAGES AS EXECS PLAY MUSICAL CHAIRS WITH HER JOB!

UNDER-siege newscaster Norah O’Donnell is said to be furious CBS News is shopping her anchor seat while she’s still in it!

1 min read
National Enquirer
February 14, 2022

B&B SHOCKER: DEACON'S BACK — AND TEAMS UP WITH SHEILA!

After spending four years in prison for taking shots at Quinn, Deacon is released and heads home to see his daughter, Hope.

3 mins read
Soap Opera Digest
October 18, 2021

SURVIVOR

Who thought up this endurance challenge: Nearly 500 days without Survivor? (At least we had all the peanut butter we wanted.)

1 min read
TV Guide Magazine
September 13–26, 2021

Nate Expectations

As a former football star, an analyst on The NFL Today, and a new co-host of CBS’s morning show, Emmy Award–winning Nate Burleson shows his versatility every time he’s on camera. And he’s just getting started.

10+ mins read
CBS Watch! Magazine
September/October 2021

Full Speed Ahead

When he’s not catching bad guys on Magnum P.I., actor Tim Kang enjoys his life in the fast lane.

2 mins read
CBS Watch! Magazine
September/October 2021

The Boo Crew

This Ghosts story tells how the new CBS comedy came together brilliantly in spite of the ghastly pandemic.

10+ mins read
CBS Watch! Magazine
September/October 2021