The 165th Meeting of Board of Management of the Federation was held on 8 th September 2021 at Hotel Courtyard by Marriot, near International Airport, Mumbai. Shri K. Sivadasan Nair, Chairman presided over the Meeting. Vice Chairpersons Shri K. Ravinder Rao and other member banks Chairmen, also participated in the meeting. The Board considered policies and operational issues faced by member banks and also reviewed their performance in key operational areas. The Meeting welcomed the formation of the Ministry of Cooperation in the Centre with the objective of strengthening cooperatives and realizing the vision "Sahakar se Samrudhi".
The Annual General Meeting of the Federation was held on 8 th September 2021 at Hotel Courtyard by Marriot, near International Airport, Mumbai. The Meeting was chaired by Shri K. Sivadasan Nair, Chairman of the Federation. Vice Chairman Shri K. Ravinder Rao, also participated in the meeting.
The AGM passed the Accounts for F.Y.2020-21 and the revised budget for 2021-22, and also approved the revised programmed of activities for the year 2020-21.
The Board of Management of Federation in its meeting on 8th
Sept. 2021 elected Shri Kamaldeep Singh Saini. Chairman, Punjab
State Cooperative Agricultural Development Bank Ltd., and Shri
Parimal Azhagan, Chairman, Tamil Nadu Cooperative State
Agriculture & Rural Development Bank Ltd, as the Vice
Chairmen representing North Zone & South Zone respectively,
against positions vacated by previous incumbents due to change
of delegates by their banks.
Federation organized Workshop on Improving Risk Rating of SCARDBs on 8th September 2021 at Mumbai. The Inaugural session of the Workshop was chaired by Shri K. Sivadasan Nair, Chairman. Dr. Bijender Singh, Chairman, NAFED was the Chief Guest on the occasion. Shri K. Ravinder Rao, Vice Chairman of the Federation and Shri Shridhar, General Manager, IDD, NABARD were also present. The Workshop was attended by 24 delegates representing various member banks.
This workshop recommended on action plan for SCARDBs to improve risk rating. The Workshop also recommended NABARD to stop charging risk premium from SCARDBs as they are already paying guarantee fee to the Govt. to risk proof NABARD's exposure to them.