- TRIPURA STATE CO-OPERATIVE BANK LTD.
(A SCHEDULED BANK)
The BDPI Cell of Tripura State Cooperative Bank Ltd
The share of Short Term Co-operative Credit Structure (STCCS) in total ground level credit flow to agriculture has come down to about 11% in recent years. In the total credit portfolio of STCCS, the share of agriculture is around 53%, out of which 85% of such loans are short term crop loans with very low margins. This has become necessary to diversify the Business portfolio of StCCS ( PACS & LAMPS) by developing new models for potential activities and new product innovations. For this purpose, the National Bank for Agriculture and Rural Development (NABARD) has suggested that every State Co-operative Bank (SCB) in the Country has to set up Business Diversification and Product Innovation Cell (BDPIC) to focus on development of both financial, non-financial products and innovative products.
Based on the Operational Guidelines of NABARD, the bank decided to implement the Business Diversification and Product Innovation (BDPI) Cell and it was approved in the 9th meeting of the BOD dated 20/03/2021. Thereafter, the bank applied to NABARD for sanction and approval of BDPI Cell vide letter No. TSCB/DEV/GEN/FITF/2010/8690/21, dated 21/03/2021 and the proposal was sanctioned vide letter No. NB.TRIP/52/IDD/BDPIC/2021-22, dated 29/07/2021.
As per the guideline and approval of NABARD the bank engaged three officials to run the BDPI Cell initially for 3(three) years. A nodal officer was also placed from the bank to run the cell and to coordinate with NABARD on day-to-day basis.
The category wise name of the persons placed in the BDPI Cell are :-
Resource Person 1 : General & Rural Banking Expert
Sri Mihir Lal Das, Mobile No- 9436123629
Resource Person 2: Agriculture Expert
Sri Subham Nag, Mobile No- 8630335704
Resource Person 3: Banking officials
Sri Swapan Kumar Das, Mobile No- 9436121958 / 7005902576
The BDPI Cell shall undertake potential assessment, conduct market research on financial products offered by other Banks, develop models and design new product for business improvement for meeting the growing needs of the members. Explore collaborations with Central, State Governments / Private Sector for co-branded products. Constantly interact with PACS, DCCBs, NABARD etc., and document the success stories and learning for replication across the structure.
The BDPI Cell will be monitored and report the progress to Project Advisory Committee (PAC) / NABARD, RO at quarterly intervals.
The PAC will consist of representatives from NABARD, CEO of SCB, 2 Representatives from PACS.
The BDPI Cells will be supported with grant from Cooperative Development Fund (CDF) of NABARD for the proposed period of three years.
The cost of setting up of a Cell is estimated at Rs. 82.50 lakhs which shall be shared between NABARD and the concerned bank @ 80% and 20% respectively.
Estimated share of NABARD & the concerned SCB works out to Rs. 66.00 lakhss and Rs. 16.50 lakhs, respectively over the period of three years. Item-wise & year-wise cost estimates are given in the Appendix-I.
Appendix –I
Cost estimates and funding pattern
Cost estimates ( Rs. In lakhs)
|
Sl. No. |
Item |
Quantity |
Rate |
Year 1 |
Year 2 |
Year 3 |
Total Cost |
|
A |
Furniture and equipment |
|
|
|
|
|
1.00 |
|
1 |
Laptop |
2 |
0.50 |
1.00 |
|
|
0.50 |
|
2 |
Multi-functional device |
1 |
0.50 |
0.50 |
|
|
0.20 |
|
3 |
Mobile Phone |
2 |
0.10 |
0.20 |
|
|
1.00 |
|
4 |
Office furniture |
LS |
1.00 |
1.00 |
|
|
1.80 |
|
5 |
Miscellaneous |
LS |
0.60 |
0.60 |
0.60 |
0.60 |
1.80 |
|
|
Subtotal A |
|
|
3.30 |
0.60 |
0.60 |
4.50 |
|
B |
Resource persons and establishment cost |
|
|
|
|
|
|
|
1 |
Remuneration of two Resource Persons (Rs/month) |
2 |
0.75 |
18.00 |
18.00 |
18.00 |
54.00 |
|
2 |
Incentive to two Resource Persons (Rs/month) |
2 |
0.25 |
0.00 |
6.00 |
6.00 |
12.00 |
|
3 |
Meetings/workshops/training programmes, etc |
LS |
1.00 |
1.00 |
1.00 |
1.00 |
3.00 |
|
4 |
Travel expenses of resource persons |
LS |
1.00 |
1.00 |
1.00 |
1.00 |
3.00 |
|
5 |
Stationary/telephone/other establishment costs |
LS |
0.50 |
0.50 |
0.50 |
0.50 |
1.50 |
|
6 |
Training and Exposure visits for Resource Persons |
LS |
1.50 |
1.50 |
1.50 |
1.50 |
4.50 |
|
|
Sub-total - B |
|
|
22.00 |
28.00 |
28.00 |
78.00 |
|
|
Grand Total :- |
|
|
25.30 |
28.60 |
28.60 |
82.50 |
|
|
|
|
|
|
|
|
|
Cost estimates ( Rs. In lakhs)
|
Sl No. |
Item of Expenditure |
I Year |
II Year |
III Year |
Total |
Total
|
||||
|
NABARD |
StCB |
NABARD |
StCB |
NABARD |
StCB |
NABARD |
StCB |
|||
|
80% |
20% |
80% |
20% |
80% |
20% |
80% |
20% |
100% |
||
|
1 |
Furniture and equipment |
2.64 |
0.66 |
0.48 |
0.12 |
0.48 |
0.12 |
3.60 |
0.90 |
4.50 |
|
2 |
Resource persons remuneration and establishment costs |
17.60 |
4.40 |
22.40 |
5.60 |
22.40 |
5.60 |
62.40 |
15.60 |
78.00 |
|
|
Total :- |
20.24 |
5.06 |
22.88 |
5.72 |
22.88 |
5.72 |
66.00 |
16.50 |
82.50 |
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