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Questions and Answers
What was the initial corpus amount of the Cooperative Development Fund (CDF) when it was created?
What was the initial corpus amount of the Cooperative Development Fund (CDF) when it was created?
- ₹5 crore
- ₹10 crore (correct)
- ₹20 crore
- ₹15 crore
Which intervention was NOT included as a part of the Cooperative Development Fund (CDF) initiatives?
Which intervention was NOT included as a part of the Cooperative Development Fund (CDF) initiatives?
- Financial Audit Programs (correct)
- Business Diversification and Product Innovation Cell
- Comprehensive Support Plan for NER states
- PACS Computerization
As of 31 March 2024, what was the cumulative expenditure incurred under the Cooperative Development Fund (CDF)?
As of 31 March 2024, what was the cumulative expenditure incurred under the Cooperative Development Fund (CDF)?
- ₹150 crore
- ₹326.94 crore (correct)
- ₹400 crore
- ₹200 crore
Which agency received the highest disbursement for 'SOFTCOB' in the year 2022-23?
Which agency received the highest disbursement for 'SOFTCOB' in the year 2022-23?
During the last three years, which purpose had the lowest disbursement amount in 2023-24?
During the last three years, which purpose had the lowest disbursement amount in 2023-24?
Which of the following does NOT represent an activity supported by the Cooperative Development Fund (CDF)?
Which of the following does NOT represent an activity supported by the Cooperative Development Fund (CDF)?
What was the disbursement amount for training conducted by BIRD Centres in 2021-22?
What was the disbursement amount for training conducted by BIRD Centres in 2021-22?
In the context of the last three years, which disbursement category showed a consistent increase from 2021-22 to 2022-23?
In the context of the last three years, which disbursement category showed a consistent increase from 2021-22 to 2022-23?
What is the total amount disbursed to rural credit cooperative institutions for publications during 2023-24?
What is the total amount disbursed to rural credit cooperative institutions for publications during 2023-24?
How many Comprehensive Support Plans (CSPs) have been sanctioned to the North Eastern Region (NER)?
How many Comprehensive Support Plans (CSPs) have been sanctioned to the North Eastern Region (NER)?
Which initiative aims to increase efficiency and transparency in Primary Agricultural Credit Societies (PACS)?
Which initiative aims to increase efficiency and transparency in Primary Agricultural Credit Societies (PACS)?
What percentage of the target for Mission Trial Run PACS was achieved by 30 January 2024?
What percentage of the target for Mission Trial Run PACS was achieved by 30 January 2024?
What is the total number of PACS that have been taken for computerization under the project?
What is the total number of PACS that have been taken for computerization under the project?
Which states recently joined the CSPCP project?
Which states recently joined the CSPCP project?
What is the total amount disbursed under the Comprehensive Support Plan during the year 2023-2024?
What is the total amount disbursed under the Comprehensive Support Plan during the year 2023-2024?
What is a major challenge faced by Cooperative Banks in the North Eastern Region (NER)?
What is a major challenge faced by Cooperative Banks in the North Eastern Region (NER)?
What software platform is being used to onboard PACS?
What software platform is being used to onboard PACS?
What is the primary objective of the Centrally Sponsored Scheme for Computerization of PACS?
What is the primary objective of the Centrally Sponsored Scheme for Computerization of PACS?
What is the primary focus of the mutual evaluations conducted by FATF?
What is the primary focus of the mutual evaluations conducted by FATF?
What significant framework will be effective from April 1, 2024, for Rural Cooperative Banks?
What significant framework will be effective from April 1, 2024, for Rural Cooperative Banks?
Which organization conducted the in-depth workshops on KYC, AML & CFT for financial officers?
Which organization conducted the in-depth workshops on KYC, AML & CFT for financial officers?
What does the SSM concept introduced by NABARD aim to achieve?
What does the SSM concept introduced by NABARD aim to achieve?
During FY 2023-24, which types of banks were evaluated for IT examination?
During FY 2023-24, which types of banks were evaluated for IT examination?
What is the primary objective of the National Cooperation Policy Document?
What is the primary objective of the National Cooperation Policy Document?
What was a significant feature of the National Conference on Best Practices in Rural Cooperative Banks?
What was a significant feature of the National Conference on Best Practices in Rural Cooperative Banks?
Which of the following topics was NOT covered during the two-day Fintech workshop for RCBs?
Which of the following topics was NOT covered during the two-day Fintech workshop for RCBs?
Who were among the distinguished guests at the Fintech workshop for RCBs?
Who were among the distinguished guests at the Fintech workshop for RCBs?
What was the context in which 'Sahakar se Samriddhi' is related?
What was the context in which 'Sahakar se Samriddhi' is related?
Which aspect of Rural Cooperative Banks was emphasized during the conference's proceedings?
Which aspect of Rural Cooperative Banks was emphasized during the conference's proceedings?
What role did NABARD play in the creation of the National Cooperation Policy Document?
What role did NABARD play in the creation of the National Cooperation Policy Document?
What is one of the main goals of promoting collaboration between Fintech and Rural Financial Institutions?
What is one of the main goals of promoting collaboration between Fintech and Rural Financial Institutions?
How many participants attended the National Conference on Best Practices in Rural Cooperative Banks?
How many participants attended the National Conference on Best Practices in Rural Cooperative Banks?
What topic was notably absent from the outlined agenda of the Fintech workshop?
What topic was notably absent from the outlined agenda of the Fintech workshop?
What was the primary event inaugurated by the Hon’ble Prime Minister on 24 February 2024?
What was the primary event inaugurated by the Hon’ble Prime Minister on 24 February 2024?
How many PACS personnel participated in the inaugural event facilitated by NABARD?
How many PACS personnel participated in the inaugural event facilitated by NABARD?
On what date was the project for Computerisation of ARDBs launched?
On what date was the project for Computerisation of ARDBs launched?
Who chaired the National level committee for the New National Cooperation Policy?
Who chaired the National level committee for the New National Cooperation Policy?
How many guests participated in the Republic Day Parade event facilitated by NABARD?
How many guests participated in the Republic Day Parade event facilitated by NABARD?
What is the total number of ARDB units set to be computerised under NABARD's initiative?
What is the total number of ARDB units set to be computerised under NABARD's initiative?
In how many states and UTs is the computerisation of ARDBs being implemented?
In how many states and UTs is the computerisation of ARDBs being implemented?
Who appreciated NABARD's efforts during the launch of the ARDB computerisation?
Who appreciated NABARD's efforts during the launch of the ARDB computerisation?
What was the main focus of the National Conference and Workshop held on 30 January 2024?
What was the main focus of the National Conference and Workshop held on 30 January 2024?
Which minister was associated with the launch of ARDB computerisation?
Which minister was associated with the launch of ARDB computerisation?
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Study Notes
Cooperative Development Fund (CDF)
- Established in 1992-93 with a corpus of ₹10 crore from NABARD's profit.
- Supports activities like infrastructure for PACS, personnel training, and HR capacity building.
- Expanded to include initiatives like Comprehensive Support Plan (CSP) for NER states and PACS Computerization.
- Cumulative expenditure as of March 31, 2024, totals ₹326.94 crore.
- Disbursement details (in ₹ lakh) 2021-22 to 2023-24 highlight support across various initiatives including SOFTCOB, Infrastructure, and Training conducted by BIRD Centres.
Comprehensive Support Plan (CSP) for NER
- Formulated to tackle issues faced by Cooperative Banks in North-East Region, including geographic and socio-economic challenges.
- NABARD sanctioned 9 CSP schemes, amounting to ₹870 lakh for states like J&K and Andaman & Nicobar.
- Disbursed ₹143.81 lakh in 2023-2024.
Computerization of Primary Agricultural Credit Societies (PACS)
- Approved on June 29, 2022, aiming to enhance efficiency and transparency of PACS operations.
- Initiatives include the digitization of 63,000 PACS, with over 24,000 onboarded to the National Level PACS Software by March 20, 2024.
- PM inaugurated 18,000 digitized PACS on February 24, 2024.
- A total of 30 States/UTs are participating in the project.
Committee on National Policy on Cooperation
- Established on September 2, 2022, chaired by Shri Suresh Prabhu.
- Aimed at drafting a new National Cooperation Policy to strengthen the cooperative movement.
- NABARD played a significant role in preparing the draft policy for Ministry of Cooperation's approval.
National Conference on Best Practices in Rural Cooperative Banks
- Held on October 16-17, 2023, in Lucknow with around 200 participants.
- Focused on sharing best practices in governance, business diversification, and technology adoption.
Fintech Collaboration with Rural Financial Institutions (RFIs)
- Two-day Fintech workshop conducted for RCBs on March 11-12, 2024, in Lucknow.
- Targeted awareness on the application of Fintech/Agritech and collaboration opportunities.
- Key participants included NABARD leadership and representatives from various State Cooperative Banks.
FATF Mutual Evaluation
- India underwent its second mutual evaluation in November 2023 by FATF.
- NABARD engaged with the FATF Mutual Evaluation Assessment Team.
- Workshops on KYC, AML, and CFT conducted for key officers in BIRD locations.
Supervisory Action Framework - Self Initiative for Turn Around (SAF-SITA)
- Introduced to initiate self-corrective actions for Rural Cooperative Banks, effective from April 1, 2024.
- Framework includes trigger points focusing on credit, market, operational, and management risks.
Senior Supervisory Managers (SSM) Concept
- Introduced for select large banks based on asset size, enhancing engagement and oversight.
- During FY 2023-24, IT examinations conducted for four RRBs and several State Co-operative Banks.
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