• About Us
  • Contact Us
Current Date

  • Login
  • Register
B2B Infomedia
No Result
View All Result
  • Home
  • Fintech
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Balancehero India appoints Jayesh Jain as Group CFO

    Balancehero India appoints Jayesh Jain as Group CFO

    Driving digital lending: UPI’s key role

    Driving digital lending: UPI’s key role

    CredAble expands its wings to eight new regions

    CredAble expands its wings to eight new regions

    MobiKwik’s ‘Lens’  feature to improve financial wellness

    MobiKwik’s ‘Lens’  feature to improve financial wellness

  • BFSI
    Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

    Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

    Citi invests in Peru’s fintech firm Rextie

    Government finalises borrowing plan for second half of FY 2023-24

    RBI asks Regulated Entities to release documents within 30 days of loan repayment

    CBDT notifies changes to Rule 11UA in respect of angel tax

    Gujarat CM inaugurates 5000th branch of Axis Bank in Ahmedabad

    Gujarat CM inaugurates 5000th branch of Axis Bank in Ahmedabad

    RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

    M Rajeshwar Rao re-appointed as RBI Deputy Governor

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

  • Education
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Aditya Birla Sun Life Insurance and Artivatic.ai launch AI-based smart underwriting platform

    IBM to train two million learners in AI by 2026

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

  • Enterprise
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    SBI sees 14%-15% corporate credit growth in FY23

    SBI seeks buyers for its Rs 96,000 crore distressed loans

    Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital

    Reliance General Insurance gets Rs 200 cr capital infusion from parent

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank

    RBI response sought on PIL seeking uniform banking code for forex transactions

    RBI permits banks to open vostro accounts from 22 countries for trade in rupee

    Piramal Finance aims at ‘Budget Bharat’ to expand

    India’s Piramal plans to raise $1.5bn for private credit

  • Health
    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

  • Pharma
    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

    India aims for greater market access for pharma in UK: Official

    Aurobindo Pharma aims to complete Rs 2000 Cr Pen-G plant in Andhra Pradesh by March’24

  • Technology
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    Citi invests in Peru’s fintech firm Rextie

    WestBridge Capital makes investment into TSS Trackwizz

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    WhatsApp introduces ‘Flows’ for its business platform

    WhatsApp introduces ‘Flows’ for its business platform

  • Interviews
    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “Fintechs are disrupting banking worldwide”

    “Fintechs are disrupting banking worldwide”

  • Events
    • Upcoming Events
    • Past Events
  • Home
  • Fintech
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Balancehero India appoints Jayesh Jain as Group CFO

    Balancehero India appoints Jayesh Jain as Group CFO

    Driving digital lending: UPI’s key role

    Driving digital lending: UPI’s key role

    CredAble expands its wings to eight new regions

    CredAble expands its wings to eight new regions

    MobiKwik’s ‘Lens’  feature to improve financial wellness

    MobiKwik’s ‘Lens’  feature to improve financial wellness

  • BFSI
    Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

    Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

    Citi invests in Peru’s fintech firm Rextie

    Government finalises borrowing plan for second half of FY 2023-24

    RBI asks Regulated Entities to release documents within 30 days of loan repayment

    CBDT notifies changes to Rule 11UA in respect of angel tax

    Gujarat CM inaugurates 5000th branch of Axis Bank in Ahmedabad

    Gujarat CM inaugurates 5000th branch of Axis Bank in Ahmedabad

    RBI Deputy Governor meets Directors heading Customer Service Committees of the Board and Heads of Customer Service Verticals of Banks and REs

    M Rajeshwar Rao re-appointed as RBI Deputy Governor

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Starfish Digital and Standard Chartered partner to support demand for real-time cash management data

  • Education
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Aditya Birla Sun Life Insurance and Artivatic.ai launch AI-based smart underwriting platform

    IBM to train two million learners in AI by 2026

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    IIM Sirmaur organizes Alumni Chapter Meet in Mumbai

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    Delhi University starts MBA in AI & machine learning, gets 600 applications for 60 seats

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur and NSE Academy Collaborate for Joint Certification Programmes

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

    IIM Sirmaur Celebrates the Success of its First Chapter Meet at India Habitat Center, New Delhi

  • Enterprise
    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    SBI sees 14%-15% corporate credit growth in FY23

    SBI seeks buyers for its Rs 96,000 crore distressed loans

    Reliance General Insurance to get Rs 200 cr capital infusion from Reliance Capital

    Reliance General Insurance gets Rs 200 cr capital infusion from parent

    Bank of Baroda says reduced exposure to Adani Group in two years, no concern on asset quality

    Bank of Baroda, DBS Bank and Karur Vysya Bank likely to sell their cumulative stake of just over 30% to Canara Bank

    RBI response sought on PIL seeking uniform banking code for forex transactions

    RBI permits banks to open vostro accounts from 22 countries for trade in rupee

    Piramal Finance aims at ‘Budget Bharat’ to expand

    India’s Piramal plans to raise $1.5bn for private credit

  • Health
    Perfios gets $229 million from Kedaara Capital

    Doceree raises $35 million in Series B funding, led by Creaegis

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    DHA and IIM Raipur announce enrollment date for PG and diploma programmes in digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    This World Patient Safety Day, NABH puts emphasis on digital health

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    India’s digital startup ecosystem a catalyst for global healthcare transformation, says Piyush Goyal

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

    iHub Anubhuti signs MoU with Digital Health Associates to drive healthcare innovation and joint research

  • Pharma
    REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

    Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

    Citi invests in Peru’s fintech firm Rextie

    Cabinet approves FDI in Suven Pharmaceuticals

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Transcell and Quantiphi develop Digital Animal Replacement Technology

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    Lincoln Pharmaceuticals Reports Net Profit of Rs. 19.01 crore in Q1 FY24

    First Indian intranasal Covid vaccine to be launched on Republic Day

    First Indian intranasal Covid vaccine to be launched on Republic Day

    India aims for greater market access for pharma in UK: Official

    Aurobindo Pharma aims to complete Rs 2000 Cr Pen-G plant in Andhra Pradesh by March’24

  • Technology
    Digitally-skilled youth can harness potential of technology, says Education Minister

    Digitally-skilled youth can harness potential of technology, says Education Minister

    Kenko Health launches ‘Kenko Pay’

    Kenko Health launches ‘Kenko Pay’

    Citi invests in Peru’s fintech firm Rextie

    WestBridge Capital makes investment into TSS Trackwizz

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    Cashfree Payments and Shopify partner to introduce onsite payments for Indian merchants

    Cisco to acquire Splunk to help make organisations secure and resilient

    WhatsApp introduces ‘Flows’ for its business platform

    WhatsApp introduces ‘Flows’ for its business platform

  • Interviews
    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “CERT reported over 17,000 cyberattacks on Indian banking and finance sector in 2022”

    “Fintechs are disrupting banking worldwide”

    “Fintechs are disrupting banking worldwide”

  • Events
    • Upcoming Events
    • Past Events
No Result
View All Result
B2B Infomedia
No Result
View All Result
Home BFSI

PM ups the ante for co-op; askes it to partner govt for a developed India

Prashant Dwivedi by Prashant Dwivedi
July 3, 2023
in BFSI
A A
0
PM ups the ante for co-op; askes it to partner govt for a developed India
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Addressing the 17th Indian Cooperative Congress at Pragati Maidan in New Delhi on Saturday, Prime Minister Shri Narendra Modi upped the ante for co-op sector and asked it to become the partner of the govt in realizing the dream of a developed India.

Giving a list of activities where co-operatives can play an important role, Modi said “it’s true that we do not have oil wells and thus there is no alternative to importing the same but why should we import edible oil when we have a robust co-operative movement in the country, stated Modi while appreciating the increasing share of export in dairy co-ops, honey and other sectors. PM listed fish fodder, dalahan, edible oils, etc as the stuff where co-ops should ensure local production.

One of the important messages sent by the Prime Minister in the Congress was underlining the fact that cooperation is an agent of social and economic transformation and not a tool of electoral politics.

He said when co-ops efforts will match with that of the government, nothing can stop India from becoming a developed nation. He asked co-ops to be partners in many fields including securing an international market for Millets, taking five villages around itself and converting their farm into chemical free land, opening Amrit Sarovar (ponds) for solving the sake of water conservation.

The Prime Minister expressed confidence that cooperatives will become a powerful medium of the country’s economic source in the new India. He also emphasized the need to build villages that will become self-sufficient by following the cooperative model. He also suggested improving cooperation in cooperatives

In a statement which drew widespread applause Modi said “I have done my part by giving you a separate ministry and now it’s your turn to fulfil your pledge of ushering in an era of cash and corruption free co-op governance. India is known for digital transactions in the world and cooperatives have to match with the image, Modi said.

The main theme of the 17th Indian Cooperative Congress was ‘Amrit Kaal: Prosperity through Cooperation for a Vibrant India’.Modi also launched E-Portals of e-Commerce website for Cooperative Marketing, and Cooperative Extension and Advisory Services Portal.

Addressing the gathering, the Prime Minister congratulated everyone on the occasion and said that the country is working towards the goal of a ‘developed and Atmanirbhar Bharat’.

The Prime Minister also noted that the contribution of women in the dairy sector is approximately 60 percent.

He informed that it was the first time that a separate ministry was formed and a budget was allocated for cooperatives, and as a result, the cooperatives are being presented with a platform exactly like the corporate sector. The Prime Minister also informed about the measures to strengthen cooperative societies and mentioned the reduction in tax rates. He also informed about the measures to strengthen cooperative banks and gave examples of flexibility in opening new branches and doorstep banking.

He said, as opposed to the scarce support of the past, further reduced by the middlemen, now, crores of farmers are getting Kisan Samman Nidhi directly in their accounts. In the last 4 years 2.5 lakh crore rupees have been transferred under this scheme in a transparent manner, he said.

He also talked of Modi Guarantee in the context of fertilizers and compared the cost of a urea bag in India to that of other countries. “What we get in Rs 270 is sold at Rs 720 in Bangladesh, Rs 800 in Pakistan, Rs 2100 in China and Rs 3000 in the USA. In the last 9 years, more than Rs 10 lakh crore have been spent on just fertilizer subsidies”, he stated.

Modi talked of increased MSP and said more than 15 lakh crores have been given to the farmers in the last 9 years. “On average, the Government is spending more than 6.5 lakh crores yearly on agriculture and farmers”, Shri Modi said. “The government is making sure that every farmer in the country receives around 50 thousand rupees every year in some way or the other”, he asserted.

Underlining that the main cooperative societies of the primary level or PACS will become a model for transparency, the Prime Minister informed that the computerization of more than 60,000 PACS is taking place.

Modi elaborated on the measures taken to meet the challenges of the sugarcane farmers, especially about not getting remunerative prices and timely payment. Sugar mills were given a package of Rs 20,000 crore for clearing farmers’ dues. Ethanol blending of petrol was prioritized and ethanol worth 70,000 crore rupees was purchased from the sugar mills in the last 9 years, he said.

Modi highlighted that the role of PACS is expanding in many new sectors like fish farming and the government is working on the target of creating 2 lakh new multipurpose societies across the country. With this, the Prime Minister said, the power of co-operatives will reach even those villages and panchayats where this system is not functional.

Referring to the focus on FPOs in the last few years, the Prime Minister informed that work is going on the creation of 10 thousand new FPOs and 5 thousand have already been created. “These FPOs are going to give great power to small farmers. These are means of making small farmers a big force in the market.

The Prime Minister highlighted the Gobardhan Scheme and informed that many companies have built more than 50 biogas plants in the country so far and urged the cooperative societies to come forward and support Gobardhan plants. Giving the example of foot and mouth disease, Modi urged the cooperatives to come forward for this, be it a vaccination campaign or animal tracing. Shri Modi emphasized that animals are equal stakeholders.

Modi also talked about the topic of storage and said the world’s biggest storage scheme is to create 700 lakh tonne storage capacity in the next five years compared to a total of 1400 lakh tonnes in the last so many decades. He informed that for agriculture infrastructure a fund of one lakh crore rupees has been created and, in the last 3 years, more than 40 thousand crore rupees have been invested in that. A big portion of this investment is from PACs and he said that there is a need for more efforts from the cooperatives in the creation of farmgate infrastructure.

While Union Ministers such as Amit Shah, B L Verma, President of ICA AP Dr Chandrapal Singh Yadav, and NCUI President Dilip Sanghani were present on the dais, co-operators from across the states including those from the national level co-op federations were present in strength on the occasion.

0Like
0Dislike
50% LikesVS
50% Dislikes
Source: Indian Cooperative
Tags: 17th Indian Cooperative CongressbanksbfsiCooperative BanksPM Narendra Modi
Previous Post

Banks’ net interest margin jumps 46 basis points to 3.3% in March quarter, says report

Next Post

JM Financial hits 1st close of ₹600cr for its maiden credit fund

Prashant Dwivedi

Prashant Dwivedi

Related Posts

Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer
BFSI

Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

September 28, 2023
Citi invests in Peru’s fintech firm Rextie
BFSI

Government finalises borrowing plan for second half of FY 2023-24

September 27, 2023
RBI asks Regulated Entities to release documents within 30 days of loan repayment
BFSI

CBDT notifies changes to Rule 11UA in respect of angel tax

September 27, 2023
Next Post
ChrysCapital diversifies into public market investing; hits first close of maiden AIF

JM Financial hits 1st close of ₹600cr for its maiden credit fund

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

4th BFSI & Fintech Conclave & Awards 2023 4th BFSI & Fintech Conclave & Awards 2023
Subscribe to our Newsletter
johnsmith@example.com

Recent News

Yes Bank appoints Pankaj Sharma as Chief Strategy and Transformation Officer

Yes Bank appoints Manish Jain as Country Head – Wholesale Banking

September 28, 2023
Digitally-skilled youth can harness potential of technology, says Education Minister

Digitally-skilled youth can harness potential of technology, says Education Minister

September 28, 2023
Perfios gets $229 million from Kedaara Capital

Doceree raises $35 million in Series B funding, led by Creaegis

September 28, 2023
REC Limited signs $100 million foreign currency term loan agreement with EXIM Bank

Cosmo and Glenmark sign distribution and licence agreements for Winlevi in Europe and South Africa

September 28, 2023
B2B Infomedia

Be To Be Infomedia Pvt. Ltd. represents the inovative platfrom to the clients and widely recognised as one of the ponier networking platfrom with the team of young, creative, dynamic & dedicated professionals.

Quick Links

  • Home
  • About Us
  • Contact Us
  • Privacy Policy
  • Refund Policy
  • Terms and Conditions

All News

  • BFSI
  • Edtech
  • Education
  • Enterprise
  • Financial Inclusion
  • Fintech
  • Health
  • Interviews
  • Pharma
  • Startup
  • Technology
Subscribe to our Newsletter
johnsmith@example.com
  • About Us
  • Contact Us

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

No Result
View All Result
  • Home
  • About Us
  • Upcoming Events
  • Fintech
  • BFSI
  • Education
  • Technology
  • Startup
  • Enterprise
  • Pharma
  • Contact Us
  • Login
  • Sign Up

© 2022 b2binfomedia - Designed & Maintain by hscreativehub.com.

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In