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 Co-operative Banks Dear Sir, Demonstration of banking technology through Mobile Van- Support under Financial Inclusion Fund (FIF) In order to promote digital financial literacy, it has been decided to support the demonstration of banking technology through mobile van under Financial Inclusion Fund (FIF), the details of the scheme are as indicated below: 1) Broad objectives of the scheme i. Spreading Financial Literacy ii. Demonstration of various digital banking technologies for Digital Financial Literacy iii. To sensitize and enable merchants and end customers to use digital payment system. iv. To create awareness among the users about the precautions and safety measures while using different banking technologies. v. Demonstration of microatm, ATM, POS, RuPay card transaction etc. 2) Institutions eligible for support i. CBS enabled Regional Rural Banks and rural Cooperative Banks ii. The Banks should be on NFS and should have or be in the process of implementing various Banking Technologies. 3) Extent of Support i. Support of up to a maximum cap of ` 15 lakh per demo mobile van. However the extent of support will be limited to actual capital expenditure incurred by the bank. र ष ट र य क व और ग र म ण ववक स ब क National Bank for Agriculture and Rural Development ववत त य सम व शन और ब वक ग प र द य वगक ववभ 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 व ), म बई - 400 051. ट ल : +91 22 2653 0024 फ क स: +91 22 2653 0150 ई म ल: dfibt@nabard.org Department of Financial Inclusion and Banking Technology Plot No. C-24, 'G' Block, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Tel.: +91 22 2653 0024 Fax: +91 22 2653 0150 E-mail: dfibt@nabard.org
ii. The support to the RRBs and the rural Cooperative Banks for one mobile van will be as under: SN Bank 1 RRBs 2 Rural Cooperative Banks Extent of Support 80% of the total expenditure or ` 15 lakh each whichever is lower 90% of the total expenditure or ` 15 lakh each whichever is lower 100% support for both RRBs & rural Cooperative Banks for North Eastern Region, Sikkim, Jammu & Kashmir, Uttarakhand, Jharkhand, Himachal Pradesh, Chhattisgarh and Andaman & Nicobar Islands. 4) Other Conditions i. The assistance may be utilized towards capital expenditure of ATM, microatm, GPRS Router, UPS, PoS, V-Sat etc. ii. One demo mobile van per rural Cooperative Bank. iii. One demo mobile van for every 03 districts subject to cap of 03 mobile demo vans per RRB. iv. The Cooperative Banks which have already availed support for mobile van will not be eligible for support under the scheme. v. The RRBs if availed support for one mobile van, will be eligible for the remaining two mobile vans subject to district criteria stated above. vi. Sanctions will be allowed till 30 September 2018. vii. Mobile van should also have adequate financial literacy material in vernacular medium. 5) In respect of banks, in the states with CRISIL Inclusix score 2013 of more than 70% (Karnataka, Chandigarh, Goa, Tamil Nadu, Kerala, Puducherry), the van will be sanctioned on a first come first serve basis, with a maximum allocation of 28 mobile vans to these states. 6) Banks are required to submit the proposals to the Regional Offices, as per the format indicated in Annexure 1. The claims will be settled on reimbursement basis. The claims are to be made within six months of sanction (Annexure 2) failing which the sanction will be withdrawn. Yours faithfully (Subrata Gupta) Chief General Manager Encl: as above
Annexure 1 (Format for submission of Proposal by RRB/rural Cooperative Bank - on Bank s letterhead) The Chief General Manager NABARD.. Regional Office Dear Sir Demonstration of banking technology through Mobile Van- Support under Financial Inclusion Fund (FIF) Please refer to your circular number.. dated 26 May 2017 on the captioned subject. In this connection, we request you to sanction an amount of `. for purchase of mobile van for demonstration of baking technology. The details are as per the following: Sr. Particulars No 1 No. of districts covered by the Bank 2 no. of mobile vans applied for which support is required under FIF (01 in case of Cooperative Bank) 3 If any support has been availed earlier under FIF for demonstration of banking technology through mobile van(if yes, please give details) 4 Details of Mobile Van SN Particulars Name of the District/s to be covered 1 Mobile Van 1 2 Mobile Van 2 (only for RRBs) 3 Mobile Van 3 (only for RRBs) Details Components of Mobile Van financial outlay Financial Assistance sought
4. We certify the following: a) that the mobile van/s is/are will be equipped to demonstrate all new and relevant banking technologies. b) the amount will be utilized for mobile van to be used for demonstration of banking technology. c) a monthly movement plan of mobile van will be made beforehand and announced in the intended area. d) Mobile van will have adequate financial literacy material in vernacular medium. e) the expenditure related bills and information will be maintained and retained by the Bank for future inspection by NABARD. f) that the details regarding the movement of van, campaign conducted, trend of participation and similar information will be maintained and access will be provided to such information to NABARD, as and when requested. Yours faithfully Name of authorized Officer: Designation: Name of the Bank: Date:
Annexure 2 (Format for submission of Claim by RRB/rural Cooperative Bank - on Bank s letterhead) The Chief General Manager NABARD.. Regional Office Dear Sir Demonstration of banking technology through Mobile Van- Support under Financial Inclusion Fund (FIF) Please refer to your sanction letter No.. dated on the captioned subject. In this connection, we request you to reimburse an amount of. for purchase of mobile van for demonstration of banking technology. The details are as per the following: 2. Details of Mobile Van SN Particulars 1 Mobile Van 1 2 Mobile Van 2 (only for RRBs) 3 Mobile Van 3 (only for RRBs) Name of the Districts covered Components of Mobile Van financial assistance sanctioned Expenditure incurred by the Bank Financial Assistance sought 3. We have incurred an expenditure of `.. for purchase of mobile van and the various components of banking technology as indicated above.
4. We certify the following: g) that the mobile van/s is/are will be equipped to demonstrate all new and relevant banking technologies. h) the amount will be utilized for mobile van to be used for demonstration of banking technology. i) a monthly movement plan of mobile van will be made beforehand and announced in the intended area. j) Mobile van will have adequate financial literacy material in vernacular medium. k) the expenditure related bills and information will be maintained and retained by the Bank for future inspection by NABARD. l) that the details regarding the movement of van, campaign conducted, trend of participation and similar information will be maintained and access will be provided to such information to NABARD, as and when requested. Yours faithfully Name of authorized Officer: Designation: Name of the Bank: Date: