The National Bank for Agriculture and Rural Development (NABARD) will provide an assistance of Rs.16 crore for technology adoption by district cooperative banks in Kerala. The assistance would be used for stabilisation of core banking solutions and adoption of technology for providing Rupay debit/ Kisan cards which can be used in ATMs, Point of Sale (PoS) terminals, and at e-com sites. Around 800 branches of district cooperative banks are expected to benefit from the scheme. A press note quoting Ramesh Tenkil, Chief General Manager, NABARD, said on Wednesday that the grant assistance could be utilised for purchase and installation of hardware and software for technological upgradation.
