The National Bank for Agriculture and Rural Development (NABARD) has asked the cooperative banks and the regional rural banks to participate actively in the Pradhan Mantri Jan Dhan Yojna and engage in technology up gradation.
The Chairman of NABARD, Harsh Kumar Bhanwala said this while interacting with media persons here on Friday.
He said that NABARD would provide financial and technological help to these banks for adopting modern technology so that they function like mainstream banks.
The NABARD chairman said that with technology up gradation these banks can efficiently handle financial inclusion exercise.
He advised the cooperative banks should come together and open ATMs in all parts of Uttarakhand.
On the activities of NABARD in Uttarakhand Bhanwala said that the bank has sanctioned Rs3845 Crores to the state since its creation in the year 2014 and out of this an amount of Rs2700 Crores is disbursed by the bank till date.
He said that the 45 percent of the works financed by the NABARD are in the sector of rural connectivity and 30 percent of total amount financed is spent on the projects of rural irrigation.
Bhanwala informed that the bank would help the self help groups in the State.
He informed that to felicitate small and marginal farmers in taking their produce in the market the Government of India has made a budgetary provision of Rs200 crores and bank has taken a target to help 2000 such farmers.
The Chairman of NABARD was in the city to lay foundation stone of the new building of regional office of the bank at Sahastradhara road.