NECORD to revive rural bank system in northeast

[TamilNet, Saturday, 17 April 2004, 00:01 GMT]
The Asian Development Bank (ADB)-funded North East Community Organization for Restoration and Development (NECORD) has formulated a scheme at a cost 10.4 million rupees in collaboration with North East Provincial Department of Co-operatives to strengthen the co-operative rural banks in the war-torn province, thus reviving the rural economy devastated in the two-decade-old war, sources said.

Under the scheme, NECORD is to assist 99 co-operative rural banks in the northeast province to strengthen their capacity and to provide credit and advance facilities in their respective areas on par with other commercial banks, sources said.

NECORD Project Director, Mr.T.Lankaneson, will sign agreements with nine co-operative unions in the province on Monday to launch this project. The event is to take place in Trincomalee at the auditorium of the Provincial Health Ministry, sources said.

The number of co-operative rural banks for each district in the Northeast province follows:

Jaffna district- 30
Killinochchi - 06
Mullaitivu - 06
Vavuniya - 04
Mannar - 06
Trincomalee -09
Kalmunai- 12
Amparai- 10
Batticaloa- 16

 

Latest 15 Reports
17.07.18 21:29  
Colombo steps up shadow war against NPC Chief Minister Wigneswaran
16.07.18 22:48   Photo
SL Forest Department seizes agricultural lands of Eezham Tamils in Paduvaan-karai
15.07.18 19:14   Photo
Families of enforced disappeared vehemently oppose OMP sittings in North
14.07.18 19:35  
SL High Court in Vavuniyaa tricked again into postponing hearings on TPP case
13.07.18 23:20   Photo
NPC CM declines participation in Colombo's unilateral task force for so-called Development
12.07.18 12:22   Photo
Genocidal Sri Lanka seizes ancient coastal hamlet of Tamil-speaking aborigines in Trincomalee
11.07.18 18:20  
Collaborationist sections of TNA lose significance, Wigneswaran holds key to unified Tamil polity
10.07.18 21:53  
SL Military Intelligence recommences recruitment of notorious ex-paramilitary operatives
09.07.18 22:30   Photo
Antiquities Ordinance used to justify Sinhalicisation of 48 locations in Mullaiththeevu
08.07.18 19:06   Photo
TNPF protests against Colombo's move to militarise Jaffna Fort
07.07.18 19:56   Photo
SL Police in Champoor blocks remembrance of Tamils massacred by SL military
06.07.18 23:17  
Jaffna University silent to Colombo's pressure, motives behind Fort excavation questioned
05.07.18 23:49  
Tamils need native movements to confront Colombo-centric environmental exploitations
04.07.18 20:29  
Geneva-based human rights regime is big disappointment: Tamil political prisoners
03.07.18 23:39   Photo
Source files from one of digital cameras witnessing 2009 genocide released to public domain
 
Find this article at:
http://www.tamilnet.com/art.html?catid=13&artid=11768