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7/25/2019 HO Circular CBS Support to Cooperative Banks- English
http://slidepdf.com/reader/full/ho-circular-cbs-support-to-cooperative-banks-english 1/4
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www.nabard.org
National Bank
for Agdculture and Rural Development
Dept.
of
Flnancial
Inclusion & Banking Technology
Head
Ofiice
: BKC, Bandra
(E),
Mumbai
-
400 051
Tel.
|
+912226530024
.
Fax :
+91
22
2653 0150
E-mail : [email protected]
.
Website :www.nabard.org
Ref
NB.DFIBT/
17
188-17
5 67
CBS-7 I /201
5-1
6
02
February
2016
CircularNo.
2-S
/DFIBT_
oL
/2016
The
Managing
Director/
Chief
Executive
Officer
All
State
Cooperative
Banks
and
Djstrict
Central
Cooperative
Banks
Dear
Sir.
support
to
licensed
rurar
cooperative
Banks
for
imprementation
of core
Banking
Solution.
cooperative
Banks
in
the country
have
implemented
core
Banking
Solutions
either
under
Ownership
Model
or
under
Application
Service
provider
Model.
CBS
is
the
backbone
on
which
all
other
delivery
channels
will
ride.
Hence
stabilization
ofcBS
is
necessary
for the
banks
to
provide
Rupay
Debit
/
Kisan
cards
which
can
be
used
in
ATM,
PoS,
Micro
ATM
and
at e-comm
sites.
It will
also
enable
the
uant<s'to
participate
in
online
remittance
platform
like
RTGS
and
NEFT
and
other pratforms
like
NACH,
crS
etc.
To
.encourage.the
banks
to stabilize
cBS, it
has
been decided
to
provide
support under
FIF for
the
implementation
of
cBS.
This
is
a
one
time
measure
and
should
not
be
considered
as
a
precedent
for
further
fi.urding,
in
future,
in
respect
of
proposals
relating
to
similar
normar
bankins
activities.
Project
Details:
i.
CBS
Models
to
be
supported
under
FIF,
The
stcBs
and
DCCBs
implementing
cBS
under
ownership
model
and
the
ASp
moder
will
be
eligible
for
support
for
CBS under FIF.
ii.
Eligibility
Criteria
for
availing
support
under
FIF
a)
The
bank
should
have
Banking
License
b)
The
Bank
should
have
a
minimum
GRAR
of
7%
as
on
31 March
2015
and
maintain
ihe
same
on
an
ongoing
basis
and
reach
9%o
as
at theend
on
31 March
2017.
c)
Bank
should
be
in
profit
for
at least
2
of
the last
three years.
d)
Bank
should
have
Board
approved
IT
aad
IS
policy
in place.
e)
qank
should
be
a
member
of Credit
Information
Companies.
rif'{rtdtTrt
Taklng Rural India
>>
Forward
7/25/2019 HO Circular CBS Support to Cooperative Banks- English
http://slidepdf.com/reader/full/ho-circular-cbs-support-to-cooperative-banks-english 2/4
f)
Bank
should
be
providing
SMS
alerts
to
its
customers
in respect
of
financial
transactions.
g)
For
DCCBs
and
StCBs
in
two
tier
structure,
small
and.marginal
farmers,
SC/ST,
other
weaker
sections,
rural
artisans
should
be
at
least 40yo
of
the
total
borrowing members.
This clause
will not
applicable
to
StCBs
of
three tier
structure
as
they
do
not
have any
PACS
affiliated
to
them.
h)
The
bank should be
on
RTGSA{EFT.
i)
The banl
should be
fully
on CBS and not
on
a
parallel
run.
iii.
Eligible
components- The
components
that
can be supponed
under the
pioject
are
the hardware
and
software
specifically
required
for undertaking
computerization.
The
broad category
of
items
which
can be
supporled
are
servers, computers,
scanncr,
printers,
software, LAN,
rack,
switches,
fumiture's
specifically
purchased
for
the
puryose
of
CBS,
protection
cage
for VSAT,
VSAT,
UPS
including
batteries
etc.
iv.
Extent
of Support -
Expenditure
subject
to a
cap
of
Rs.2.00
lakh per
branch
or
the
actual
amount
spent
whichever
is
lower
will
be bome
by NABARD
under
FIF. In case
the
cost
for
the same
exceeds Rs. 2.00 lakh,
the
difference
will iave
to
be borne
by the
respective
balks.
v.
Release
of grant-
The
releases
will
be on
reimbursement
basis.
The claims
can
be
submitted
by
the banks
to
the respective
regional
offices.
The
claims
are
required
to be
supported
with
a
certification
from
the
bank
for
the
expenditure
incurred
bv
the bank
for
CBS
implementation.
vi.
Claim
format-
The
banks are required
to
submit
the
claims
to
the
resional
offices as
per
the
format
enclosed.
As this
would
be a
reimbursement
against
expenditure
already
incurred,
banks
may actively
consider
creating
a Technology
Adoption
Fund
out
ofthe
receipt.
Yours
faithfullv
fl) 0
1)--
(Su6rata
Gupta)
Chief
General
Manager
Encl:
as
above
7/25/2019 HO Circular CBS Support to Cooperative Banks- English
http://slidepdf.com/reader/full/ho-circular-cbs-support-to-cooperative-banks-english 3/4
(on
Bank letter head)
(To
be
submitted to the concerned NABARD, Regional
Office)
Annexure
Claim format
support
under
FIF for implementation
of
Core.
Banking
solution
to rural
Cooperative
Banks
We
certify that the
above
mentioned amount
was
incurred for the
implementation of
core
bankine
solution
in ............
number
of
branches
in
the bank.
The
expenditure
for
SN Particulars Details
1
Name
of
the Bank
2.
Whether
bank
has
a
banking license Yes/No:
3
Name of
the
CBS
vendor
^
Percentage
of
CRAR
as
on
31
March
zor5.
(should
not be
Iess
than
7%)
5.
Whether
Bank in
profit
for
at
least
two
of the last three
vears
Yes/No:
o.
Whether
bank
has
a
Board approved
IT
and IS
policy
in
olace
Yes/No:
7.
Whether
bank
a
member of
Credit
Information
Comoanies
Yes/No:
B.
Whether
bank
providing
SMS alerts
to its
customers
in
resoect of
financial
transactions.
Yes/No:
9.
Percentage
of borrowers from small and marginal
farmers,
SC/ST,
other
weaker
sections,
rural
artisans
to
the total
borrowing
members.
(should
be
at
least
4o%)
(For
DCCBs
/
StCBs in
two
tier
structure)
10.
Whether bank
nrovides
RTGS/NEFT
facilitv
Yes/No:
11.
Whether bank operating
fully
on
CBS
Yes/No:
t2.
Whether bank
has
started
issuing
RuPay
debit
cards
to
its
customers.
Yes/No:
rJ,
Number
of Branches
74
a)
Total cost for
implementation
of CBS under orvnership
model
OR
bankhe
)ASP charges
January
zo16.
paid
by
to the
vendor
ti11
31
15.
Amount
claimed
Rs.
z lakh X no.
ofbranches
or
5n I4(aJ
/
[bJ
wnrchever ls lower
7/25/2019 HO Circular CBS Support to Cooperative Banks- English
http://slidepdf.com/reader/full/ho-circular-cbs-support-to-cooperative-banks-english 4/4
(robesubmittedtothecoircerned'o$ltrS#f i3ffi$l
reimbursement
involves
the
cost
for
hardware,
software
and connectivity
components
required
specifically
for CBS implementation
and not
for
any other
purpose.
Wc
undertake
that
we
will
maintain a minimum
CRAR of
z%
and strive to
reach
goA
CRAR
as
on
3r
March eor7.
The related
expenditure bills and vouchers will
6e
preserved
by us
for a
period
of three
years
for verification
by NABARD at any
point
of
time.
We request
you
to
sanction and
reimburse
an amount of
Rs .........................(Rupees
.....,..........................
)
towards
support to licensed
rural
Cooperative
Banks for implementation
of
Core
Banking
Solution
under FIF.
Place:
Date:
Seal
and
Signature of the
Airthorized
Officer