NABARD Urges DCCBs To Recruit Interns
NABARD has issued a circular to all state cooperative banks (SCBs) and District Central Cooperative Banks (DCCBs) regarding the recruitment of young professionals, termed 'Cooperative Interns'.
These interns will be tasked with addressing day-to-day challenges encountered by PACS in computerisation, preparing business plans, resolving financing issues, obtaining various approvals, and more.
Selected interns will receive a consolidated monthly remuneration of Rs 25,000, which will be reimbursed from the Cooperative Education Fund, Ministry of Cooperation, through the National Cooperative Development Corporation (NCDC).
The objective of hiring 'Cooperative Interns' is to bolster the Cooperative Movement at the grassroots level and provide professional graduates with practical experience in cooperatives.
Each State Cooperative Bank (StCB) and District Cooperative Central Bank (DCCB) will be allowed to hire one Cooperative Intern. Currently, there are 34 StCBs and 351 DCCBs in operation across India, totaling 385 interns. The internship duration is one year, with the scheme valid for three years.
The hiring process will commence promptly after receiving the Nabard circular to ensure interns are onboarded within a month. Interns will be allocated to DCCBs based on their district preferences to leverage local insights, with StCBs having the flexibility to adjust placements as per operational needs.
Interns will collaborate with PACS and other primary cooperatives, offering guidance on implementing initiatives by the Ministry of Cooperation, GoI, and addressing their day-to-day challenges.
