The National
Bank for Agriculture and Rural Development (Nabard) wants the
RuPay-enabled debit cards to reach out to a larger rural population and
has asked all district central cooperative banks to implement core
banking system by June 30.........
.........P M Ghole, General Manager
at the Regional Office of Nabard, said, "Nabard will bear the entire
cost of making the cards to be distributed to farmers and subsequent
transactions for the first three years. We have also asked the DCC banks
to appoint correspondents with point of sale machines and conduct
training programmes for rural people who will be using such cards for
the first time."........
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