Support under FIF for purchase of hand held projector and portable speaker to facilitate Financial Literacy efforts by FLCs and rural branches

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Maude Logan
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Ref.No.NB.DFIBT/ 6569-6061 / DFIBT-23 / 2017-18 Circular No.

1 Ref.No.NB.DFIBT/ / DFIBT-23 / Circular No. 105/ DFIBT - 22 / May ) The Chairman and Managing Director All Commercial Banks 2) The Chairman All Regional Rural Banks 3) The Managing Director / Chief Executive Officers All State Cooperative Banks / All District Central Cooperative banks Dear Sir / Madam, Support under FIF for purchase of hand held projector and portable speaker to facilitate Financial Literacy efforts by FLCs and rural branches As you are aware, financial literacy efforts are directed through Financial Literacy Centres (FLCs) and rural branches of banks. Traditionally, the approach by FLCs and rural branches has been to conduct outdoor camps in public places wherein the FLC Counsellors/Directors verbally explain the various financial literacy concepts by delivering speeches and lectures. The use of Audio-visuals and presentations through handheld projectors and portable speakers are more effective in engaging the people and creating a larger impact. 2. Accordingly, it has been decided to extend grant assistance under FIF for purchase of hand held projector and portable speakers for the rural branches and FLCs of Commercial Banks, Regional Rural Banks and Cooperative Banks to be used for financial literacy activities. The modalities of the support are as under: a) Items for which support is available on a reimbursement basis under FIF are : i) purchase of hand held projector ii) purchase of portable speaker b) Extent of support under FIF is restricted to 50% of the cost incurred on purchase of hand held projector and portable speaker (both put together) subject to a maximum of Rs.5,000 per rural branch / FLC on a reimbursement basis. c) Eligible Institutions Commercial Banks, Regional Rural Banks and Rural Cooperative Banks are eligible to avail support under the scheme on behalf of their rural branches and FLCs. 3. Features of the Scheme : Grant Support available a. To ensure effectiveness of the hand held projector in bigger crowds / gatherings it has been decided that the banks may acquire the hand held projector along with portable speakers. b. Grant assistance under the scheme will be available on a reimbursement basis for purchase of hand held projector and portable speakers, in combination, for the rural branches and FLCs. Purchase of र ष ट र य क ष और ग र म ण ष क स ब क National Bank for Agriculture and Rural Development ष त त य सम शन और ब कक ग प र द य गगक ष भ ग प ल ट क र स -24, 'ज ' ब ल क, ब द र -क ल क म पप ल क स, ब द र (प ), म बई ट ल : फ क स: ई म ल: dfibt@nabard.org Department of Financial Inclusion and Banking TechnologyPlot No. C-24, 'G' Block, Bandra-Kurla Complex, Bandra (E), Mumbai Tel.: Fax: dfibt@nabard.org ग बढ़ >> त द श बढ़ Taking Rural India >> Forward

ग बढ़ >> त द श बढ़ www.nabard.org Taking Rural India >> Forward speakers is optional, if the branch is already having the same.

Banks would be required to obtain prior sanction from NABARD for availing assistance under the scheme.

2 ग बढ़ >> त द श बढ़ Taking Rural India >> Forward speakers is optional, if the branch is already having the same. However, purchase of hand held projector is necessary for obtaining grant assistance under the scheme. c. Banks would be required to obtain prior sanction from NABARD for availing assistance under the scheme. Expenditure incurred only after the date of sanction of grant assistance by NABARD shall be entertained. d. All-inclusive support of 50% of the cost incurred subject to a maximum of Rs.5,000 per rural branch/flc is available on one time basis. Period of Scheme e. The scheme is valid for a fixed period of time. Banks to aggregate demand and submit proposals to Regional Offices/Head Office of NABARD before 30 September 2017 for sanction. Proposals submitted after 30 September 2017 will not be considered for support. Claims may be submitted within one year of the date of sanction letter. If the amount is not claimed within the period of one year of the date of sanction letter, it will be deemed that the purchase were not effected by the bank and the sanction will be automatically treated as withdrawn. Procedure to be followed by banks to avail grant support f. You may submit the proposal in the prescribed format (as per Annexure I) for sanction of grant assistance to our respective Regional Office of NABARD. g. Commercial Banks may tender state-wise proposal to the respective Regional Offices of NABARD through the controlling offices located in the State. In case of multi-state projects, proposals may be forwarded to the Head Office of NABARD h. Subsequent to sanction of grant assistance by NABARD from FIF and after purchase of the equipment, a single claim against a sanction for release of funds may be submitted as per Annexure II. 4. Other conditions i. While purchasing the equipment due diligence as per CVC guidelines / internal guidelines of the Bank regarding purchase / expenditure rules may be adhered to. ii. Original Invoices and related documents will be retained by the bank for audit / verification purposes by NABARD. iii. You may furnish an undertaking that the purchase of the equipment claimed from FIF has not been supported by any other funding agency including government. iv. Support of NABARD may be acknowledged with the words Supported under FIF managed by NABARD (with NABARD logo) appropriately. Yours faithfully (Subrata Gupta) Chief General Manager

3 Annexure I Proposal format for reimbursement towards purchase of hand held projector and portable speaker On the Letter Head of the Bank Letter Ref. No. The Chief General Manager National Bank for Agriculture and Rural Development Regional Office/ Head Office Dear Sir / Madam, Grant assistance under FIF - Reimbursement towards purchase of hand held projector and portable speaker Please refer to your Circular No.105 / DFIBT- 22 / 2017 (NB.DFIBT/ /DFIBT-23/ dated 04 May 2017 on the captioned subject. In this connection, we seek grant assistance of Rs. (Rupees only) under FIF for purchase of hand held projector and portable speakers for use by rural branches / FLCs. Details are as per Annexure. We request you to kindly sanction support of Rs (Rupees. only) under FIF. Yours faithfully (Authorised Signatory) Encl : Annexure

4 Proposal format for reimbursement towards purchase of hand held Projector and portable speaker- Details of grant assistance soughtr Annexure Sr. No. State Item Description proposed to be purchased Propose d Cost of the Item No. of rural branche s No. of FLCs Total Units to be purchased (Col. 5+6) Proposed Expenditure (Col. 4x7) Support sought from NABARD* Hand Held Projector & portable speaker Only hand held projector Grand Total *50% of the cost incurred on purchase of hand held projector and portable speaker (both put together) Place : Office Seal and Signature

5 Format for claim for reimbursement towards purchase of hand held projector and portable speaker Annexure II On the Letter Head of the Bank Letter Ref. No. The Chief General Manager National Bank for Agriculture and Rural Development Regional Office Dear Sir / Madam, Claim for reimbursement towards purchase of hand held projector and portable speaker Please refer to your sanction letter No. dated extending a sanction of an amount of Rs... (Rupees. only) for purchase of..(number) of hand held projectors and portable speakers. We have distributed no. of hand held projectors and speakers to rural branches and FLCs. 2. This is to certify that an amount of Rs. (Rupees only) has been incurred towards the expenditure on purchase of hand held projector and portable speaker as per the details given in Annexure. 3. In this connection, you are requested to release the grant assistance of Rs. (Rupees only) for the purchase of the hand held projectors and speakers as per details given in Annexure II (A). 4. It is certified that due diligence as per bank s guidelines was followed while effecting the purchases. 5. The equipment claimed from FIF has not been supported by any other funding agency including government. 6. The original bills/receipts will be preserved for any future requirements. 7. It is certified that the terms and conditions of the sanction letter (letter No.. dated.) has been complied with. Yours faithfully (Authorised Signatory) Encl : Annexure

6 Annexure II (A) Format for claim for reimbursement towards purchase of hand held projector and portable speaker Details of FLC/branch-wise distribution of equipments Sr. No. Name of State $ District Block Branch/FLC Location with Address and code Item purchased Expenditure Incurred Grant assistance claimed from FIF * Hand Held Projector & portable speaker Only hand held projector 2 3 Grand Total *50% of the cost incurred on purchase of hand held projectors and portable speakers (both put together) subject to a maximum of Rs.5,000 per branch / FLC would be sanctioned as grant assistance would be released on reimbursement basis $ In case of reporting by Commercial Banks Place : Office Seal and Signature

र ष ट र य क व और ग र म ण ववक स ब क National Bank for Agriculture and Rural Development

र ष ट र य क व और ग र म ण ववक स ब क National Bank for Agriculture and Rural Development Ref.No. NB.HO.DFIBT/ 7327-7785 / DFIBT-23/ 2017-18 26 May 2017 Circular No. 133 / DFIBT 27 / 2017 The Chairman / Chief Executive Officer Regional Rural Banks State Co-operative Banks and District Central