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NATIONAL BANK FOR AGRICULTURE AND RURAL DEVELOPMENT

   
   
 

Functions of Department

 

Micro Credit Innovation Department ( mCID )

1

Name of the department

mCID

2

Powers and duties of officers & employees

The department has following sections
Policy & Strategy/ Coordination/ External Agencies/ Administration.

Capacity Building/ MFDEF/ Promotional grants/ Innovation/Capital Equity/ RFA/ Website.

Studies/MF Bill/MEDP/NABFINS/SGSY.

Cases are initiated by officers at various levels.

3

Procedure followed in decision making process including channels of supervision and accountability

Head Office

Proposals involving financial sanction like Capital Equity Support /RFA, promotional grant assistance (above limits under delegated powers)are scrutinized as per laid guidelines and are sanctioned by Managing Director (MD)/Executive Director/Chief General Manager/General Manager. In case of training programmes, annual budget is approved by MD based on requests received from ROs. ROs in turn sanction and release the amount for conducting the programmes.   Beyond their delegated powers cases are processed at HO.  Proposals for National and International Seminars are also processed at HO.

ROs

In respect of ROs they have been delegated powers to sanction Promotional Grant proposals upto Rs 10.00 lakh for ROs headed by CGMs and Rs. 7.50 lakh for offices headed by GMs, per individual proposal. The ROs adopt Committee approach to sanction proposals.  Any thing above this limit is referred to HO. 

4

Norms set by it for discharge of its functions

Detailed circulars have been issued by the department and based on the criteria/ parameters laid down in these instructions, the cases are scrutinized.

5

Rules, regulations, instructions etc held by it or under its control or used by its employees for discharging its functions

Hard copies of circulars, guidelines are available in ROs/HO, which are accessed by staff for disposing of cases/ proposals.

6

Categories of documents held by it under its control

 

7

Arrangements for consultation with or representation by the members of public in relation to the formulation of its policy or implementation thereof.

All the activities of the department are funded out of CFSF/ mFDEF. Donors / contributing banks are regularly consulted to arrive at policy directions

 

Budget allocated to each agency indicating the particulars of all plans proposed expenditure and reports and disbursements

microfinance

A total budget of Rs 65 crores has been approved for various activities for the current year.  As per the latest data available, Rs 4.60 crores have been utilized by ROs/HO as at the end of July 2008

 

Manner of execution of subsidy prog including amounts allocated and the details of beneficiaries

Not applicable

 

Particulars of recipients of concessions, permits or authorizations granted by the organizations

SHGs & NGOs

 

Details of information available in electronic form

Various activities of mCID, Circulars,  statistics with regard to SHG, etc are already available in the microfinance page of website

 

Particulars of facilities available to citizens for obtaining information including working hours of library or reading room if maintained for public use

As stated above, exhaustive information about mCID activities are available on our website.

 

 
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
 
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