B. NAFSCOB CASH AWARD ON COOPERATION TO THE BEST COOPERATOR
Executive Committee of National Federation of State Cooperative Banks Ltd., (NAFSCOB) in its meeting held on 06-11-1995 at Delhi, while reviewing the aims, activities and achievements of the Federation since its inception felt that there is a need for this federal body in the short term cooperative credit structure to formulate an appropriate scheme to suitably honour the best cooperators in the country for their contributions. Accordingly, after some discussions, it has been resolved to institute a Scheme entitled “NAFSCOB CASH AWARD ON COOPERATION TO THE BEST COOPERATOR” with effect from the year 1995-96 (April-March). It carries a cash award of Rs.50,000/- along with a citation and a shawl.
The following procedure/criteria has been suggested for
selection and sponsoring names of the eminent Cooperators for the proposed
NAFSCOB Cash Award:
person should be well known in the cooperative movement particularly in the
short term cooperative credit structure at least at the State level.
have personally contributed to the development of cooperative movement at the
state level or country level in
general and/or growth and development of the specific cooperative institution.
command good respect and should have the recognition of the cooperative movement
either at the state or national level.
He can be
an active or a retired cooperator who may have rendered yeomen service to the
cause of cooperative movement.
award also may be considered posthumously so that the prize money can be given
to the deceased family or be contributed among the cooperative institution for
initiating special awards.
not have been penalised by any court for any criminal offence or moral
not be a member of either Legislative Assembly or Council or both Parliaments.
criteria such as sharing of the cash award and as may be recommended by the
committee constituted by the Board of Directors of NAFSCOB.
National Level Committee to finalise the cash award will be constituted by the
Board of Directors of NAFSCOB.
of State Level Committees to sponsor/recommend suitable person for consideration
by the National Committee will be suggested by the Board of Directors.
decision of the National Level Committee in the selection of the Best Cooperator
is final and binding on the Board of Directors of the Federation. However, in
case of any dispute arising while finalising the name of the Best Cooperator,
such disputes will be referred to the Board of Directors of the Federation. In
such case, the Board of Directors of the Federation, considering all aspects
shall announce the name of the Best Cooperator for the receipt of the NAFSCOB
Award. However, such announcement shall be made in the Meeting of the Board of
Directors where is quorum.
Executive Committee further resolved to place it
before the next Board of Directors meeting for ratification and implement it
with effect from 1995-96. Accordingly the proposal has been placed in the
meeting of the Board of Directors of NAFSCOB held on 23-01-1996 at Bombay.
to ratify the recommendation of Executive Committee to institute NAFSCOB Award
on Cooperation to the Best Cooperator with effect from 1995-96. Also resolved to
note the procedure/criteria as suggested in the agenda note for selection and
sponsoring names of the eminent cooperators for the proposed NAFSCOB Cash Award.
Also resolved to delete the criteria suggested at Sr. No. 7, ‘He should not be
a member of either Legislative Assembly or Council or both Parliaments’.
Chairman has been authorised to take all necessary steps in terms of inviting
nominations, identification of National Selection Committee.”
In pursuit of the decision taken by the Board of
Directors of NAFSCOB, Chairman, NAFSCOB constituted the National Selection
Committee. Accordingly, the Board of Directors of NAFSCOB presented the Best
Cooperator Award to Shri Ashok Bandyopadhyay, West Bengal and Shri Subhash Yadav,
Madhya Pradesh for the years 1995-96 and 1996-97 respectively according to the
recommendations of the National Selection Committee.