National Federation of Urban Cooperative Banks and Credit Societies Ltd., New Delhi (NAFCUB) as part of expanding its outreach in the field of capacity building and research and development activities in the urban cooperative banking sector signed Memorandum of Understanding (MOU) with National Cooperative Development Corporation, New Delhi (NCDC) on 20-05-2019 at NCDC Office, New Delhi
The MOU is intended to build mutual cooperation between ‘NCDC’ and ‘NAFCUB’ so as to learn, assimilate and develop further on the core strengths, experience and institutional objectives of the respective parties in the public interest of advancement of training, action research, studies, consultancy, monitoring, evaluation, systems development and technology development in the areas of development of cooperative sector.
Both the parties have mutually agreed to:
i. Share their wide experience and ideas in their respective areas of activities through joint research, joint studies, faculty exchange and trainees/student exchange in the areas of development of cooperative sector.
ii. Assist each other in advancement of systems development and technology development in the areas of development of cooperative sector and action research in the areas of development of cooperative sector through various means including setting up of new institutions.
iii. Complement and supplement operations of facilities including those connected with advancement of training, action research, studies, consultancy, monitoring, evaluation, systems development and technology development in the areas of development of cooperative sector.
iv. Make efforts to sponsor or to invite each other or to jointly operationalize for national and international institution building activities, training activities, research activities, studies, seminars, conferences and workshops.
v. While expanding the areas of cooperation and helping each other to expand their areas of activities, both the parties will strive to bring more and more opportunities of financial support for achieving objectives in their respective domains.