Effecting a proportionate growth of co-operative movement in the country Uttar Pradesh Chief Minister Yogi Adityanath inaugurated the Indian Financial System Code, IFSC of UP Cooperative Bank in Lok Bhawan, Uttar Pradesh on Tuesday.
“From the Prime Minister Narendra Modi to an ordinary co-operator-everyone has felt all along that co-op movement is weak in north India compared to west and south India and this move of Yogi is going to be a milestone”, said co-operators reacting to the development in Lucknow.
On this occasion addressing the gathering Adityanath said, “It is an achievement for the cooperative bank launching this service for its customers. Cooperative is the backbone of agriculture. Congratulations to all the bank officials for giving the services of RTGS and NEFT to its customers”, he said.
Cooperative should also work on doubling the income of farmers, Yogi said invoking the words of Prime Minister Narendra Modi who has kept 2022 as the cut off year by which the income of farmers would be doubled in the country.
Attacking the former government of Akhilesh Yadav in UP, Adityanath said, “The former government damaged the cooperative movement in a big way but the present government has done a lot of good work to boost the sector in a span of 2.5 years.
“People are now able to put their trust in co-operative banks. The bank should also strive to use the latest technology on a priority basis and win the confidence of depositors more and more”, he underlined.
Uttar Pradesh Cooperative Minister Mukut Bihari Verma was also present on the occasion. He urged the CM to provide fund for improving the conditions of gowdowns of PACCS from the MLAs’ fund. It will not impose any additional financial burden on the government, the minister said.
Sharing the news through social media, Verma wrote, “Today participated in the launching ceremony of IFSC IFSC Code-UPCB0000001 of Uttar Pradesh Cooperative Bank Ltd at Lok Bhavan, Lucknow in the gracious presence of Honorable Chief Minister Yogi Adityanath”.
UP Cooperative bank Chairman Teejveer Singh informed that through the 27 branches the apex bank and 50 DCCBs which are having 1260 branches across UP are providing short and intermediate loans to the farmers.
Over 16.88 lakh farmers got Rupay Kisan Credit Card. The UP Cooperative Bank is providing RTGS/NEFT facility to its customers through ICICI Bank since 2012”, Singh informed.
State Registrar of Cooperative Society S.V.S Rangarao, UP Cooperative Bank MD Bhupendra Kumar and others were present on the occasion.