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The Cabinet today at the meeting chaired by the Prime Minister, Shri Narendra Modi gave its approval to the following:

(i) To implement the Scheme for Revival of 23 unlicensed District Central Cooperative Banks (DCCBs) in four States.  These are 16 in Uttar Pradesh, three in Jammu & Kashmir, three in Maharashtra and one in West Bengal. Under the Scheme, the total capital infusion required for revival of these 23 DCCBs would be Rs. 2375.42 crore, out of which the commitment from the Central Government would be Rs. 673.29 crore, from State Governments Rs. 1464.59 crore and from NABARD Rs.237.54 crore.

(ii) The Gol's share of Rs.673.29 crore would be released through NABARD as interest-free loan and would be converted into grant on fulfilment of conditionalities/deliverables outlined in the Scheme which, among other things includes bringing the NPAs to at least half of the current levels by 31.3.2017; making 15 percent growth rate of deposits for next two years; drawing up of a monthly Monitorable Action Plan; placement of competent CEOs fulfilling 'Fit & Proper' criteria; and putting Corporate Governance Systems in place. The assistance from NABARD would be in the form of loan to the respective State Governments under Section 27 of NABARD Act, 1981.

The Scheme for revival of these unlicensed DCCBs will help in revival of these cooperative banks.   This will result in protecting the interests of depositors and catering to the credit needs of farmers. Once revived, these cooperative banks would become eligible for obtaining licenses from RBI for continuing their operations in rural areas and would also be able to achieve CRAR requirement prescribed by RBI.   This means 7 percent CRAR by 31st March, 2015 and 9 percent CRAR by 31st March, 2017.

For the purpose of implementation of the Scheme, a tripartite agreement in the form of Memorandum of Understanding (MoU), stipulating conditionalities and deliverables, will be signed between the Central Government, concerned State Government and NABARD. During the implementation of the Scheme, operations of these 23 unlicensed DCCBs would be closely monitored by NABARD and RBI, so that they meet the licensing requirement within the time frame as prescribed in the Scheme.

The list of the places where the DCCBs are located is given below:

Uttar Pradesh:

  1. Deoria
  2. Bahraich
  3. Siddharth Nagar
  4. Sultanpur
  5. Jaunpur
  6. Hardoi
  7. Basti
  8. Ballia,
  9. Azamgarh
  10. Gorakhpur
  11. Fatehpur
  12. Sitapur
  13. Varanasi
  14. Allahabad,
  15. Ghazipur and
  16. Faizabad

Maharashtra:

  1. Buldhana
  2. Nagpur
  3. Wardha

Jammu & Kashmir:

  1. Baramullah
  2. Anantnag
  3. Jammu

West Bengal:

  1. Birbhum

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PM interacts with leaders of pharma industry
April 19, 2021
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PM Modi appreciates the crucial role of the pharma sector in the fight against the pandemic
It is because of the efforts of the pharma industry that today India is identified as ‘pharmacy of world’: PM Modi
Despite all the challenges, the Indian pharma industry has also registered a growth of 18 percent in exports last year, which shows its potential: PM

Prime Minister Narendra Modi interacted with leaders of pharmaceutical industry via video conferencing. The Prime Minister appreciated the crucial role of the pharma sector in the fight against the pandemic.

PM Modi appreciated the way the pharma industry is working even in such trying conditions.

PM Modi remarked that it is because of the efforts of the pharma industry that today India is identified as ‘pharmacy of world’. He said essential medicines were made available to more than 150 countries around the world during the pandemic. The Prime Minister stated that despite all the challenges, the Indian pharma industry has also registered a growth of 18 percent in exports last year, which shows its potential.

Noting the second wave of the virus and rising number of cases, PM Modi commended the pharma industry for their efforts to increase production of several necessary drugs. He appreciated them for reducing the price of injections like Remdesivir. To keep the supply of medicines and essential medical equipment going smoothly, PM Modi urged the pharma industry to ensure seamless supply chains. PM Modi also extended government’s support for facilities like Logistics and Transportation.

He urged the industry to conduct more and more researches on threats which can occur in the future along with Covid. This, he said, would help us take the lead in combating the virus.

Seeking cooperation from the pharma industry, PM Modi assured that government is undertaking reforms for new drugs and regulatory processes.

The leaders of the Pharma industry appreciated the proactive help & support received from the Government. They highlighted the efforts made over the last one year in ensuring availability of drugs keeping manufacturing and logistics operational. Operations at the pharma hubs for manufacturing, transportation, logistics and ancillary services are being maintained at optimum levels. The participants also share inputs on the measures being undertaken to meet the overall medicine demand in the country despite the unprecedented increase in demand for some drugs  the COVID Treatment Protocol.

The meeting was also attended by Union Health Minister Shri Harsh Vardhan, MoS (Health) Shri Ashwini Kumar Choubey, Union Minister Chemical and Fertilizer Shri D.V. Sadananda Gowda, MoS (C&F) Mansukh Mandaviya, Principal Secretary to PM, Dr V K Paul Member (H) NITI Aayog, Cabinet Secretary, Union Health Secretary, Union Pharmaceutical Secretary, Dr Balram Bharagava, DG ICMR, amongst other officers from Ministries / Departments of Central Government.