JT CIR BY AIBEA & AIBOA ON COOPERATIVES

Ø Co-operative Bank employees are on a National Campaign for strengthening Agriculture by strengthening Co-operative Banks.
Ø Needs to be supported by all the Units of AIBEA / AIBOA all through the country.
Units are aware that the All India Co-operative Bank Employees’ Federation (AICBEF), the Unit of All India Bank Employees’ Association in the Co-operative Banking Sector is on a National Campaign for Strengthening Agriculture by Strengthening Co-operative Banks. Agriculture in our country is not witnessing proper growth during the last nearly a decade. While the population growth is about 3% per annum, agriculture production is growing at less than 2%, on an average for the last one decade. There has been inadequate investment by the Government for improving the farm related activities.
Co-operative Banks have multitudes of credit out-lets all over the country. There are more than 120000 co-operative credit institutions spread in almost all parts of our country, from metro-centres to tiny hamlets in the rural corners of our country. Co-operative Banks should have been much more utilized for extending credit facilities to the farmers. All our units must be aware that even according to the Honourable Union Finance Minister’s statement in the Parliament, 51% of the population including the farmers in our country has no account to secure any source of credit. In fact, more than 50% of the rural population is virtually outside the exchange economy.
In view of the above, for improving agriculture by extending more credit by the Co-operative Banks and also by commercial banks by opening more rural branches, at affordable rates of 4%, a campaign has been unleashed by AICBEF to secure 3 crore signatures from the farmers and from other sections of the population, urging upon the Honourable Prime Minister of our country to consider the following:
Ø A minimum of 50 billion dollars will have to be set-apart from out of the Foreign Exhange Reserves of 300 billion for construction of dams and for other agricultural infrastructure facilities, such as good roads, godowns, transport facilities, supply of Mechanical and Electrical implements for farm operations etc.
Ø Massive credit disbursement at nor more than 4% interest must be deployed through the institutional finance. There must be budgetary allocation for such a purpose. Instead of merely exhorting the banking industry to give more credit for agriculture, that is, instead of indirect finance, direct finance shall be the prime concern of the Government of India.
Ø The Central and State Governments shall advise their organizations all over the country to keep a minimum of 10% and 40% respectively as deposits in the Co-operative Banks for purposes of Resources Mobilization.

…2



Salient Demands of Co-operative Bank Employees:
The Co-operative bank employees, as already pointed-out are on certain campaigns for realization of their demands. The demands include Pension, more particularly Ex-gratia Pension of Rs.2500 per month for the retired Co-operative Bank Employees, repeal of amendment to Section 80-P of the Income-Tax Act and thereby enabling the Co-operative Banks to come out of income-tax net and implementation of Prof. A. Vaidyanathan Committee recommendations in true spirit in all the 25 States where MoU with NABARD has been signed.

The following agitations are launched by AICBEF
08.12.2008 (Monday) – Dharna in all the State Capitals.
11.01.2009 Seminar in all the metro-centres.
Mobilisation of deposit accounts from 22.11.2008, aiming for Financial Inclusion. At least 50 minimum accounts will have to be opened in a week by each of the Co-operative Bank Units. 3 core signatures will have to be secured from the people.
In all these, AIBEA Units, AIBOA Units are requested to extend their support and give proper guidance for implementing the programmes successfully.

Membership campaign in Co-operative Banks
All the AIBEA / AIBOA / AICBEF Units should concentrate for procuring further membership from the employees of Co-operative Banks into the fold of AIBEA. The Co-operative Banks have larger staff strength in almost all parts of the country. A fresh campaign must be unleashed for mobilization of the membership and for which separate program will be given from our organization.
Move massively and ensure that the 3 core signature campaign on the Memorandum to be presented to the Honourable Prime Minister is becoming a successful one.


sd..

(C.H. VENKATACHALAM)
GENERAL SECRETARY - AIBEA
(P. BALAKRISHNAN)
GENRAL SECRETARY – AICBEF
(R.J. SRIDHARAN)
GENERAL SECRETARY – AIBOA

Encl.: Letter addressed to the Honourable Prime Minister by AICBEF dated 12.09.2008 for information together with the copy of Mass Memorandum













MASS MEMORANDUM SUBMITTED TO THE HONOURABLE PRIME MINISTER, BY THE MASSES AT THE INITIATION OF ALL INDIA COOPERATIVE BANK EMPLOYEES FEDERATION: (AICBEF) (AIBEA)

Date :

Hon’ble Dr. Manmohan Singh,
Prime Minister,
Government of India,
NEW DELHI 110 001


Sir,
We, as part of the citizens of our Nation, respectfully seek the immediate implementation of following measures to Strengthen Agriculture by strengthening the Cooperative Banks in our country. We desire that the following shall be ensured by your Honour:

v Massive disbursement of Rural and Agrarian credit for increased food production, for increased social amenities for the common masses.

v Utilising $50 Billions from out of nearly $400 Billions of Forex Reserves mainly for Agricultural Infrastructure Development and shall ensure 3 cropping and 3 harvesting in the fields in a year.

v Expedite financial assistance to Cooperative Banks, as per Task Force Reports I and II.

v Techno-based service, improved banking ambience in cooperative banks, besides harnessing them as instruments for Mass Banking.

v All agricultural loans including for infrastructure must be given at not more than 4% per annum.

v State Government must be enabled to advise its institutions to invest 25% of their investible surplus in cooperative Banks. The Central Government also shall instruct all its organisations to invest a minimum of 10% of their investible surplus in Cooperative Banks.

v NABARD shall be enabled to provide refinance for farm credit at 80% of the disbursements at an interest rate of not more than 2.5%.

v Repeal amendment to Section 80P of the Income Tax Act and help cooperative Banks.

v More number of rural branches of Public Sector banks together with cooperative Banks shall be enabled to take care of the credit needs of the Multimillions of common Masses.

We would request you to please ensure the above for help improving agriculture, for increasing food production and thereby improving the economic development of our country.

S.No.
Name
State
Signature
































































































































ALL INDIA BANK EMPLOYEES ASSOCIATION
( Central Office: Chennai )

ALL INDIA BANK OFFICERS ASSOCIATION
( Central Office: Chennai )
ALL INDIA CO-OPERATIVE BANK EMPLOYEES FEDERATION
(Central Office: Chennai)
164, Lighi Chetty Street, Chennai 600 001

November 8, 2008
Circular to all units
Ø Co-operative Bank employees are on a National Campaign for strengthening Agriculture by strengthening Co-operative Banks.
Ø Needs to be supported by all the Units of AIBEA / AIBOA all through the country.
Units are aware that the All India Co-operative Bank Employees’ Federation (AICBEF), the Unit of All India Bank Employees’ Association in the Co-operative Banking Sector is on a National Campaign for Strengthening Agriculture by Strengthening Co-operative Banks. Agriculture in our country is not witnessing proper growth during the last nearly a decade. While the population growth is about 3% per annum, agriculture production is growing at less than 2%, on an average for the last one decade. There has been inadequate investment by the Government for improving the farm related activities.
Co-operative Banks have multitudes of credit out-lets all over the country. There are more than 120000 co-operative credit institutions spread in almost all parts of our country, from metro-centres to tiny hamlets in the rural corners of our country. Co-operative Banks should have been much more utilized for extending credit facilities to the farmers. All our units must be aware that even according to the Honourable Union Finance Minister’s statement in the Parliament, 51% of the population including the farmers in our country has no account to secure any source of credit. In fact, more than 50% of the rural population is virtually outside the exchange economy.
In view of the above, for improving agriculture by extending more credit by the Co-operative Banks and also by commercial banks by opening more rural branches, at affordable rates of 4%, a campaign has been unleashed by AICBEF to secure 3 crore signatures from the farmers and from other sections of the population, urging upon the Honourable Prime Minister of our country to consider the following:
Ø A minimum of 50 billion dollars will have to be set-apart from out of the Foreign Exhange Reserves of 300 billion for construction of dams and for other agricultural infrastructure facilities, such as good roads, godowns, transport facilities, supply of Mechanical and Electrical implements for farm operations etc.
Ø Massive credit disbursement at nor more than 4% interest must be deployed through the institutional finance. There must be budgetary allocation for such a purpose. Instead of merely exhorting the banking industry to give more credit for agriculture, that is, instead of indirect finance, direct finance shall be the prime concern of the Government of India.
Ø The Central and State Governments shall advise their organizations all over the country to keep a minimum of 10% and 40% respectively as deposits in the Co-operative Banks for purposes of Resources Mobilization.

…2



Salient Demands of Co-operative Bank Employees:
The Co-operative bank employees, as already pointed-out are on certain campaigns for realization of their demands. The demands include Pension, more particularly Ex-gratia Pension of Rs.2500 per month for the retired Co-operative Bank Employees, repeal of amendment to Section 80-P of the Income-Tax Act and thereby enabling the Co-operative Banks to come out of income-tax net and implementation of Prof. A. Vaidyanathan Committee recommendations in true spirit in all the 25 States where MoU with NABARD has been signed.

The following agitations are launched by AICBEF
08.12.2008 (Monday) – Dharna in all the State Capitals.
11.01.2009 Seminar in all the metro-centres.
Mobilisation of deposit accounts from 22.11.2008, aiming for Financial Inclusion. At least 50 minimum accounts will have to be opened in a week by each of the Co-operative Bank Units. 3 core signatures will have to be secured from the people.
In all these, AIBEA Units, AIBOA Units are requested to extend their support and give proper guidance for implementing the programmes successfully.

Membership campaign in Co-operative Banks
All the AIBEA / AIBOA / AICBEF Units should concentrate for procuring further membership from the employees of Co-operative Banks into the fold of AIBEA. The Co-operative Banks have larger staff strength in almost all parts of the country. A fresh campaign must be unleashed for mobilization of the membership and for which separate program will be given from our organization.
Move massively and ensure that the 3 core signature campaign on the Memorandum to be presented to the Honourable Prime Minister is becoming a successful one.


sd..

(C.H. VENKATACHALAM)
GENERAL SECRETARY - AIBEA
(P. BALAKRISHNAN)
GENRAL SECRETARY – AICBEF
(R.J. SRIDHARAN)
GENERAL SECRETARY – AIBOA

Encl.: Letter addressed to the Honourable Prime Minister by AICBEF dated 12.09.2008 for information together with the copy of Mass Memorandum













MASS MEMORANDUM SUBMITTED TO THE HONOURABLE PRIME MINISTER, BY THE MASSES AT THE INITIATION OF ALL INDIA COOPERATIVE BANK EMPLOYEES FEDERATION: (AICBEF) (AIBEA)

Date :

Hon’ble Dr. Manmohan Singh,
Prime Minister,
Government of India,
NEW DELHI 110 001


Sir,
We, as part of the citizens of our Nation, respectfully seek the immediate implementation of following measures to Strengthen Agriculture by strengthening the Cooperative Banks in our country. We desire that the following shall be ensured by your Honour:

v Massive disbursement of Rural and Agrarian credit for increased food production, for increased social amenities for the common masses.

v Utilising $50 Billions from out of nearly $400 Billions of Forex Reserves mainly for Agricultural Infrastructure Development and shall ensure 3 cropping and 3 harvesting in the fields in a year.

v Expedite financial assistance to Cooperative Banks, as per Task Force Reports I and II.

v Techno-based service, improved banking ambience in cooperative banks, besides harnessing them as instruments for Mass Banking.

v All agricultural loans including for infrastructure must be given at not more than 4% per annum.

v State Government must be enabled to advise its institutions to invest 25% of their investible surplus in cooperative Banks. The Central Government also shall instruct all its organisations to invest a minimum of 10% of their investible surplus in Cooperative Banks.

v NABARD shall be enabled to provide refinance for farm credit at 80% of the disbursements at an interest rate of not more than 2.5%.

v Repeal amendment to Section 80P of the Income Tax Act and help cooperative Banks.

v More number of rural branches of Public Sector banks together with cooperative Banks shall be enabled to take care of the credit needs of the Multimillions of common Masses.

We would request you to please ensure the above for help improving agriculture, for increasing food production and thereby improving the economic development of our country.

S.No.
Name
State
Signature




































































































































November 8, 2008
Circular to all units
Ø Co-operative Bank employees are on a National Campaign for strengthening Agriculture by strengthening Co-operative Banks.
Ø Needs to be supported by all the Units of AIBEA / AIBOA all through the country.
Units are aware that the All India Co-operative Bank Employees’ Federation (AICBEF), the Unit of All India Bank Employees’ Association in the Co-operative Banking Sector is on a National Campaign for Strengthening Agriculture by Strengthening Co-operative Banks. Agriculture in our country is not witnessing proper growth during the last nearly a decade. While the population growth is about 3% per annum, agriculture production is growing at less than 2%, on an average for the last one decade. There has been inadequate investment by the Government for improving the farm related activities.
Co-operative Banks have multitudes of credit out-lets all over the country. There are more than 120000 co-operative credit institutions spread in almost all parts of our country, from metro-centres to tiny hamlets in the rural corners of our country. Co-operative Banks should have been much more utilized for extending credit facilities to the farmers. All our units must be aware that even according to the Honourable Union Finance Minister’s statement in the Parliament, 51% of the population including the farmers in our country has no account to secure any source of credit. In fact, more than 50% of the rural population is virtually outside the exchange economy.
In view of the above, for improving agriculture by extending more credit by the Co-operative Banks and also by commercial banks by opening more rural branches, at affordable rates of 4%, a campaign has been unleashed by AICBEF to secure 3 crore signatures from the farmers and from other sections of the population, urging upon the Honourable Prime Minister of our country to consider the following:
Ø A minimum of 50 billion dollars will have to be set-apart from out of the Foreign Exhange Reserves of 300 billion for construction of dams and for other agricultural infrastructure facilities, such as good roads, godowns, transport facilities, supply of Mechanical and Electrical implements for farm operations etc.
Ø Massive credit disbursement at nor more than 4% interest must be deployed through the institutional finance. There must be budgetary allocation for such a purpose. Instead of merely exhorting the banking industry to give more credit for agriculture, that is, instead of indirect finance, direct finance shall be the prime concern of the Government of India.
Ø The Central and State Governments shall advise their organizations all over the country to keep a minimum of 10% and 40% respectively as deposits in the Co-operative Banks for purposes of Resources Mobilization.

…2



Salient Demands of Co-operative Bank Employees:
The Co-operative bank employees, as already pointed-out are on certain campaigns for realization of their demands. The demands include Pension, more particularly Ex-gratia Pension of Rs.2500 per month for the retired Co-operative Bank Employees, repeal of amendment to Section 80-P of the Income-Tax Act and thereby enabling the Co-operative Banks to come out of income-tax net and implementation of Prof. A. Vaidyanathan Committee recommendations in true spirit in all the 25 States where MoU with NABARD has been signed.

The following agitations are launched by AICBEF
08.12.2008 (Monday) – Dharna in all the State Capitals.
11.01.2009 Seminar in all the metro-centres.
Mobilisation of deposit accounts from 22.11.2008, aiming for Financial Inclusion. At least 50 minimum accounts will have to be opened in a week by each of the Co-operative Bank Units. 3 core signatures will have to be secured from the people.
In all these, AIBEA Units, AIBOA Units are requested to extend their support and give proper guidance for implementing the programmes successfully.

Membership campaign in Co-operative Banks
All the AIBEA / AIBOA / AICBEF Units should concentrate for procuring further membership from the employees of Co-operative Banks into the fold of AIBEA. The Co-operative Banks have larger staff strength in almost all parts of the country. A fresh campaign must be unleashed for mobilization of the membership and for which separate program will be given from our organization.
Move massively and ensure that the 3 core signature campaign on the Memorandum to be presented to the Honourable Prime Minister is becoming a successful one.


sd..

(C.H. VENKATACHALAM)
GENERAL SECRETARY - AIBEA
(P. BALAKRISHNAN)
GENRAL SECRETARY – AICBEF
(R.J. SRIDHARAN)
GENERAL SECRETARY – AIBOA

Encl.: Letter addressed to the Honourable Prime Minister by AICBEF dated 12.09.2008 for information together with the copy of Mass Memorandum













MASS MEMORANDUM SUBMITTED TO THE HONOURABLE PRIME MINISTER, BY THE MASSES AT THE INITIATION OF ALL INDIA COOPERATIVE BANK EMPLOYEES FEDERATION: (AICBEF) (AIBEA)

Date :

Hon’ble Dr. Manmohan Singh,
Prime Minister,
Government of India,
NEW DELHI 110 001


Sir,
We, as part of the citizens of our Nation, respectfully seek the immediate implementation of following measures to Strengthen Agriculture by strengthening the Cooperative Banks in our country. We desire that the following shall be ensured by your Honour:

v Massive disbursement of Rural and Agrarian credit for increased food production, for increased social amenities for the common masses.

v Utilising $50 Billions from out of nearly $400 Billions of Forex Reserves mainly for Agricultural Infrastructure Development and shall ensure 3 cropping and 3 harvesting in the fields in a year.

v Expedite financial assistance to Cooperative Banks, as per Task Force Reports I and II.

v Techno-based service, improved banking ambience in cooperative banks, besides harnessing them as instruments for Mass Banking.

v All agricultural loans including for infrastructure must be given at not more than 4% per annum.

v State Government must be enabled to advise its institutions to invest 25% of their investible surplus in cooperative Banks. The Central Government also shall instruct all its organisations to invest a minimum of 10% of their investible surplus in Cooperative Banks.

v NABARD shall be enabled to provide refinance for farm credit at 80% of the disbursements at an interest rate of not more than 2.5%.

v Repeal amendment to Section 80P of the Income Tax Act and help cooperative Banks.

v More number of rural branches of Public Sector banks together with cooperative Banks shall be enabled to take care of the credit needs of the Multimillions of common Masses.

We would request you to please ensure the above for help improving agriculture, for increasing food production and thereby improving the economic development of our country.