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
18.10.19 23:43   Photo
Monk backing Gotabhaya wants Tamil owners to stay away from their lands in interior Batticaloa
17.10.19 19:14   Photo
SL Police resorts to violence in grabbing lands of Tamil fishers in Batticaloa North
16.10.19 23:19   Photo
Chennai Connect and Eezham Tamils reminding Tamil Nadu to assert Tamil geopolitics
15.10.19 23:50  
Colombo destroys dairy-farming economy of Eezham Tamils in Batticaloa
14.10.19 23:48   Photo
Tamil parties in North-East stipulate ‘acid test’ terms to SL presidential candidates
13.10.19 22:15   Photo
SL Governor's latest land grab poses danger to archaeological traces of Eezham Tamils
12.10.19 22:23   Photo
Monks step up campaign against Muslims, want to carve out Sinhala colony in Ampaa'rai
11.10.19 22:07   Photo
Vote for Self-Determination, reject major candidates for more effective boycott
10.10.19 23:31   Photo
SL Police intensifies restrictions on Saiva devotees at disputed ‘chaitya’ hilltop in East
09.10.19 20:17  
Indian Coast Guard trespassed into waters off Jaffna, 18 fishers detained since 03 October
08.10.19 18:43  
Divisional Secretary, TNA MPs must act to release Chegnchoalai lands: civil activist
07.10.19 23:12   Photo
Heinous act by HRCSL: former orphans of Chegnchoalai on the brink of losing lands
06.10.19 12:21  
EPDP joins Jaffna protest against desecration of Neeraaviyadi temple
05.10.19 22:06  
Families inheriting lands from parents refused of land registration in Moothoor East
04.10.19 21:50  
SL Archaeology, Police continue to disturb Tamils’ right to worship at Vedukku-naa'ri hilltop
 
Find this article at:
http://www.tamilnet.com/art.html?catid=13&artid=11768