:::::MANAGEMENT CONTINUES WITH ITS UNILATERAL ACTIONS DESPITE PROTESTS BY THE MAJORITY OFFICERS' AND EMPLOYEES' ORGANISATIONS:::::EMERGENCY MEETING OF THE SELECTED OFFICE BEARERS OF AICBOF TO BE HELD AT MUMBAI ON 20TH MARCH 2014:::::
:::::SRI S.B. RODE, OUR BELOVED PRESIDENT, AICBOF AND OFFICER DIRECTOR ON THE BOARD OF CENTRAL BANK OF INDIA HAS BEEN COOPTED AS GENERAL SECRETARY, AICBOF IN E.C. MTG. HELD AT MUMBAI ON 24.02.2014:::::MR. S.C. GUPTA, GEN. SECRETARY OF OUR AHMEDABAD UNIT HAS BEEN COOPTED AS PRESIDENT, AICBOF::::::WE CONGRATULATE THEM AND WISH THAT THE OFFICERS' MOVEMENT IN CENTRAL BANK OF INDIA WILL BE TAKEN TO NEW HEIGHTS:::::LONG LIVE CBOA:::::LONG LIVE AICBOF::::::LONG LIVE AIBOC:::::

CENTRAL BANK OF INDIA SIGNS MOU WITH GOVT. OF MADHYA PRADESH ON CHIEF MINISTER’S RURAL HOUSING MISSION


Central Bank of India today signed a Memorandum of Understanding (MOU) with M.P. Rural Road & Housing Authority, Govt. of Madhya Pradesh under which the Bank will provide financial assistance to beneficiaries identified by the State Government under Chief Minister’s Rural Housing Mission for acquiring pucca houses in rural areas. The MoU was signed and exchanged by Shri R.K. Dubey, Executive Director and Shri Sanjay Dubey, IAS, CEO, MPRRHA, on behalf of Central Bank of India and Govt. of M.P., respectively, in the presence of (extreme right) Shri Shivraj Singh Chouhan, Hon’ble
Chief Minister of Madhya Pradesh, Shri Gopal Bhargava, Hon’ble Minister for Panchayat & Rural Development, Madhya Pradesh, Shri Avani Vaish, IAS, Chief Secretary and Shri R. Parasuram, IAS, Addl. Chief Secretary to Govt. of M.P.

The Rural Housing Mission of Govt. of M.P. is a ‘demand based self-participatory loan-cum-subsidy scheme’. The MoU signed today aims at synergizing the efforts of Govt. of M.P. and Central Bank of India, a premier public sector bank and Lead Bank of Madhya Pradesh, in the direction of enabling the rural poor to own a pucca house under Chief Minister’s Rural Housing Mission, an ambitious project of the Hon’ble Chief Minister which is also expected to check migration of people from rural areas to urban areas. Initially, the Rural Housing Mission is being launched as a pilot project with 50 units each in all the 50 districts of the State. The cost of such pucca houses of 225 sq.ft. size is estimated at about Rs.70000/- per unit. Rural people living in kacha /semi-pucca houses with maximum of one hectare agriculture land per household or with a maximum annual cumulative income of Rs.1.25 Lacs, and having land for construction of houses or people entitled to receive land from State Government for housing purposes, will be eligible under the scheme.

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