In pursuance with the recommendations of the Parliamentary Committee on Agriculture, Cooperative Development Fund was constituted by NABARD in the year 1992-93 under the provisions of Section 45 of NABARD Act, 1981 with a view to strengthening and providing assistance to Co-operative Credit Institutions for improving their infrastructural facilities. The initial Corpus of the Fund was Rs.10 crore which was subsequently raised to Rs.75 crore. The cumulative assistance sanctioned to cooperative institutions from the Fund for various purposes unto 31 March 2007 amounted to Rs.76.35 crore against which Rs.67.66 crore has been disbursed.
Objective of the Fund:
Supporting the efforts of grass root level institutions (PACS) to mobilize resources etc.
Human Resource Development aimed at achieving better working results and improvements in viability and also for improvement in systems in cooperative credit institutions.
Building of better MIS and
Conduct of special studies for improving functional efficiency and on subjects referred to above.
Purposes eligible for assistance:
Provision of infrastructural facilities to PACS for deposit mobilization.
Staff training and faculty support.
Computerisation support for building of MIS in cooperative banks.
Conduct of special studies.
Creation of a conducive recovery climate through meeting the cost of publicity, media, etc.
Providing mobility to the field staff for improving recovery.
Reimbursement of training expenditure to ACSTIs and JLTCs
Best Performance Awards to Cooperative Banks
Establishment of Business Development Department (BDD) in Cooperative Banks Reimbursement of expenses for publicity of Kisan Credit Cards (KCC) and Doubling of Agriculture Credit Scheme
Mode of Assistance:
Assistance is provided by way of grant, soft loan or grant-cum-soft loan.
Purpose-wise sanction and disbursement of CDF assistance as on 31 March 2007 is given below: