We deeply regret to inform that founder Chairman of NABARD and former Deputy Governor of RBI Shri M Ramakrishnayya (93) expired on 22 July 2013 at 06.30 Hrs after a brief illness at his residence at Hyderabad. Team NABARD visited his residence and conveyed condolence on behalf of NABARD to the bereaved family. May the Departed Soul rest in peace.
- Ramakant Kulkarni, Ex-GM, NABARD
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It is a great loss to all those who know Shri M. Ramakrishnaiah, the man with a vision who shaped NABARD in the first few years. He chaired the Committee set up to review cooperative legislation when N.T. Rama Rao was Chief Minister of Andhra Pradesh and was instrumental in formulating the first liberal Act on Cooperatives - Mutually Aided Coop Societies Act that is now a parallel Act in nine States of the country and on its foundations the 97th Constitution Amendment Act 2011 has been formulated. An ardent believer in the capabilities of Cooperative system as a saviour of the country sans the political seize it currently holds.
May his soul rest in peace.
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