s many as 29 DCCBs cover 33 districts of Rajasthan state with 400 branches. At the grass-root level, 5255 PACS cover 100% of the geographical area of the state, ie, 42955 villages.
With a view to cater to the seasonal financial requirement for agriculture and other allied activities at the level, The Rajasthan State Cooperative Bank Ltd (RSCB) was established on 14 October 1953. It is an apex institution of the DCCBs functioning in the state.
The state has 39 urban cooperative banks, 90% of which are in Grade I and II category. The Rajasthan Urban Cooperative Banks Federation has organized various training programs and workshops. It was able to persuade the government to conduct elections in urban cooperative banks in the state on time, this year. There are administrators in 3 UCBs namely Kota UCB, Rajasthan UCB and Savai Madhopur UCB, while the rest of the banks have an elected managing body. There are 6 women UCBs and 3 railway cooperative banks in the state. There are more than 340,000 plus members shared among the member UCBs, led by Madhav agrik Sahkari Bank with over 46,000 members.
The federation facilitated the tie-up arrangement of urban cooperative banks with IFFCO TOKIO Insurance Company for insurance business. It also played an important role in putting in place arrangements for sale of stamps by urban cooperative banks in the state.
PACS
PACS are the backbone of short-term cooperative credit structure. Out of 5255 PACS in the state, 5197 PACS advanced loan to their members during 2006-07 and 4971 PACS had outstanding loans exceeding Rs 10 lacs as on 31 March 2008. The working capital of PACS as on 31 March 2008 stood at Rs 4181.33 crores and 1985 PACS working as mini banks were collecting deposits from their members. Total deposits of these mini banks stood at Rs 308.20 crores as on 31 March 2008 which rose to Rs 505.35 crores in 12 months. In 2009, it is expected that more than 4150 PACS would have booked profit.
Avinas;\ Ranvah, MD, RSCB, said: "Our corporate mission is to become a strong and competitive cooperative banking
network which offers innovative financial products along with varied range of services to serve rural masses with rejuvenated short term cooperative credit structure to serve the people of Rajasthan. Under the micro-credit system, the DCCBs/PACS have been playing the role of facilitators to organize SHGs of homogeneous class. So far, approximately 48,200 SHGs have been linked with DCCBs/PACS and an amount of Rs 143.29 cr has been advanced to SHGs upto 31 March 2009."
PERSONAL ACCIDENTAL INSURANCE SCHEME
Personal Accidental Insurance Scheme has been introduced in the state through DCCBs with an objective to provide financial security to its customers and staff members at a nominal premium against accidental losses. During the period October 2006 to September 2007,9.47 lac KCC holders and staff members were insured and an amount of Rs 71.87 lacs was remitted to the insurance company and during the same period next year, the number insured declined 3.91 lacs and an amount of Rs 28.03 lacs was remitted to the insurance company.
CROP INSURANCE SCHEME
The state government has launched crop insurance scheme from kharif crop, 2003 under which prescribed crops in the notified area are being insured. An insurance premium of Rs 27.02 crore for kharif crop, 2006 and Rs 23.59 crore for rabi crop during the year 2007-2008 has been remitted to the insurance company. Due to failure of crop, claims of Rs 53.29 crore for the kharif, 2007 crop and Rs 64.89 crore for the rabi, 2007 -08 crop were paid to the affected farmers.
KISAN CREDIT CARD
In Rajasthan, crop loans were disbursed in the cash credit form based on 'Sri Ganganagar or Punjab Pattern' even prior to the introduction of KCC scheme. However, with the introduction of KCC scheme, loan disbursement procedure has been renamed accordingly. At present all crop loans are being disbursed under KCC. The state government has also taken keen interest to see that more and more KCC are issued to the eligible farmers of the state. Short term cooperative credit structure of the state has issued 28.27 lacs KCCs upto 31st March, 2008.
DIVERSIFICATION OF LOAN PORTFOLIO
Ranvah says: "In last few years, concerted efforts have been made to diversify loan portfolio so as to provide an opportunity to DCCBs to cross subsidize their losses in traditional crop loan business. In this endeavor, NABARD has introduced lots of
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