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Centre for rural financing institutions to
come up in Mumbai
Wednesday March 21, 2012 07:30:29 PM,
IANS
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Mumbai:
A Centre for Excellence for Rural Financial Institutions (CERFI)
would come up here to help regional rural banks (RRBs) and
cooperative banks and other rural financial institutions to launch
the Aadhar-enabled payment service and foster financial inclusion.
The NABARD, the Unique Identification Authority of India and the
National Payment Corporation of India will soon sign a memorandum
of understanding to set up the centre. It would be based at the
NABARD office.
The centre will facilitate doorstep delivery of financial services
and products to the unbanked and payment of various subsidies
being provided by the central and state governments.
The move follows a high-level meeting last month between UIDAI
chairman Nandan Nilekani, NABARD chairman Prakash Bakshi and NPCI
managing director A.P. Hota.
The CERFI's focus area will be technology, business development
and skill upgradation of RFIs and provide them with hand-holding
services during and after the transition period.
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