A government order released on Friday, has appointed Pankaj Kumar Bansal as the new Managing Director of cooperative lender NCDC. Bansal replaces Sundeep Nayak who has been credited with many firsts in the cooperative fold.
Bansal, a Joint Secretary in the Ministry of Cooperation has been given the additional charge of Managing Director of the National Cooperative Development Corporation (NCDC), reads the order of his appointment.
The newly appointed MD of NCDC is a 1997-batch IAS officer of the Tamil Nadu cadre. He has been appointed as Joint Secretary for the tenure of five years from the date of assumption of the charge of the post.
On the occasion of his transfer, co-operators recalled the good work done by Nayak during his tenure. Reacting to the news Satish Marathe senior Sahakar Bharati leader said “Co-ops will miss a true Friend, Philosopher & Guide. During his tenure, Nayakji developed many innovative Schemes for Co-ops in Health, Youth, FPOs, Exports and very recently for personnel from the Defence/Security Sectors. Sahakar Bharati wishes him all the very best in all his future assignments.”
It is worth mentioning that Nayak recently initiated the Ayushman Sahakar Yojana with the aim to set up healthcare facilities across the country. Nayak is widely admired for his administrative skills.
In a short span of time, Nayak had been able to win the hearts of co-operators, who are usually suspicious of the IAS breed. Nayak was lauded in co-op circles when he mooted the idea of C2C on the lines of B2B. He also organized an international co-op conference to firm up the idea.
Active in several fields, the latest from NCDC is a pilot project he has started on telemedicine services, being operated by AIIMS Raipur through NCDC for members of fisheries cooperatives under the central sector flagship program the Pradhan Mantri Matsya Sampada Yojana (PMMSY).
Besides, NCDC also set up new records by disbursing a loan worth more than Rs 30,000 crore to the co-ops, which was achieved first ever in the history of NCDC.
Earlier, Union Home and Cooperation Minister Amit Shah praised the role being played by NCDC and said that it extended cumulative financial assistance to cooperatives to the tune of Rs 1.86 lakh crore as of 30.06.2021.
It bears recall that, in the last FY i.e. 2020-21, NCDC had disbursed Rs 24,733 crore including a subsidy of Rs 311 crore of which Rs.4.48 crore from NCDC’s own corpus Disbursement exceeded the target of Rs.13400 crore by 184.58%.
Besides in the said FY NCDC earned a net profit before tax of Rs 747 crore. The Net NPA remains at zero percent.