Lok Sabha Question No. 21 (STARRED), answered on 2023-12-05
Subject: Home Banking Facility by Cooperative Societies
Ministry: COOPERATION
Asked by: (Dr.) Ram Shankar Katheria, Mahabali Singh

## GOVERNMENT OF INDIA MINISTRY OF COOPERATION

## LOK SABHA STARRED QUESTION NO. 21 TO BE ANSWERED ON 05/12/2023

## Home Banking Facility by Cooperative Societies

## †* 21.  DR. RAM SHANKAR KATHERIA: SHRI MAHABALI SINGH:

Will the Minister of COOPERATION ( सहकाǐरता मंğी ) be pleased to state:

- (a) whether the Cooperative Societies are also empowered to provide home banking facilities to their members;
- (b) if so, the details thereof; and
- (c)  the  manner  in  which  Bank  Mitras,  Dairy  and  Fisheries  Cooperative  Societies  are  ensuring  the economic development of their members?

## ANSWER

THE MINISTER OF COOPERATION सहकाǐरता मंğी (SHRI AMIT SHAH)

- (a) to (c): A statement is laid on the Table of the House.

## STATEMENT  REFERRED  TO  IN  REPLY  TO  PARTS  (a)  to  (c)  OF  LOK  SABHA STARRED QUESTION NO. 21 DUE FOR REPLY ON 05 th  DECEMBER, 2023

(a)  &  (b): Yes  Sir,  Primary  Cooperative  Societies  like  Dairy  and  Fisheries  are  empowered  by NABARD  to  become  Business  Correspondents/Bank  Mitras  (BCs)  of  State  and  District  Central Cooperative Banks. In this regard, NABARD has issued a circular dated 11.06.2018 and permitted to engage  village  level  dairy  cooperative  societies,  LAMPs  and  other  non-credit  functional  societies related  to  agriculture  and  allied  sector  to  act  as  BCs  of  StCBs/DCCBs  subject  to  StCBs/DCCBs fulfill the following criteria-

- i. The Banks should be licensed
- ii. It has implemented Core Banking Solutions
- iii. CRAR is not less than 9%
- iv. Gross NPA is less than 10%
- v. The  bank  should  not  have  defaulted  in  maintenance  of  CRR/SLR  during  the  immediate preceding financial year.
- vi. The bank should have made net profit in the immediate preceding financial year.

(c):  On  the  initiative  of  Ministry  of  Cooperation,  a  pilot  project  has  been  launched  in  the Banaskantha and Panchmahal Districts of Gujarat where 1723 new Business Correspondents/Bank Mitras  have  been  made  and  Micro-ATMs  have  been  distributed  by  DCCBs  with  the  help  of NABARD.

Bank  Mitra Cooperative  Societiesare  ensuring  the  economic  development  of  their  members  by providing banking services at the door step. These services include:-

- i. Account Opening
- ii. Cash Deposit
- iii. Cash Withdrawal
- iv. Fund Transfer
- v. Balance Enquiry
- vi. Mini Statement
- vii. Enrolment of Pradhan Mantri Suraksha BimaYojna (PMSBY)
- viii. Enrolment of Pradhan Mantri Jeevan Jyoti BimaYojna (PMJJBY)
- ix. Enrolment of Atal Pension Yojna (APY)
- x. IMPS

xi. Recovery/ Collection up to Bank approved limits xii. NEFT xiii. Term Deposit/ Recurring Deposit Opening xiv. Request for new Cheque Book xv. Stop Payment of Cheque xvi. Cheque Status Enquiry xvii. Renewal of Term Deposit/ Recurring Deposit xviii. Block Debit Card xix. Launch Complaints xx. Track Complaints xxi. Request for SMS alert/ e-mail statement (if mobile no./ e-mail is already registered) xxii. Pension Life Certificate authentication through Jeevan Pramaan (Aadhaar enabled) xxiii. Apply for RuPay Debit cards

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