(a) whether the Government have taken any steps to ensure that the Cooperative
Banks are given preference in Financing National Consortiums such as food credit
consortiums etc.; and
(b) if not, the reasons therefor?
(a) whether the Government have taken any steps to ensure that the Cooperative
Banks are given preference in Financing National Consortiums such as food credit
consortiums etc.; and
(b) if not, the reasons therefor?
MINISTER OF STATE IN THE MINISTRY OF AGRICULTURE(SHRI SHRIPAD Y. NAIK)
(a) & (b): No such steps are required to be taken by the Government for ensuring
that the Cooperative Banks are given preference in financing National Consortiums
such as food credit consortiums etc. as the Cooperative Banks are already members of
various Credit Consortiums including National Consortiums for financing food
procurement operations which are finalized each year by the Reserve Bank of India
(RBI). Based on the surplus funds available with Cooperative Banks, NABARD makes
recommendations for their participation in the Credit Consortium to RBI.