Special Innovative Award
Special Innovative Award for initiating fresh
The initiatives that took genesis from the Mannarkkad Rural Service Cooperative Bank, got its privileged recognition which forms 2 special awards from the likes of the Cooperation Department and was honored with a cash prize of Rs. 1 lakh for its excellence and quality.
Bank honoured with state awards continiously for the last 5 years
The bank won the Cooperative Department’s appreciation award for exemplary way of functioning, and the Cooperation Minister’s Special Innovation Award and a cash prize of Rs.1 lakh for introducing innovative programmes.
Apart from its innovative programmes, the bank was also recognised for its work against COVID-19. The bank had opened the first RT-PCR lab with NABL accreditation in the cooperative sector in the State. The bank already won several awards for its round-the-clock personalised banking system.
Bank secretary M. Purushothaman said the institution, launched with 305 members and an individual share capital of Rs. 30,000 in 1989, had become one of the best cooperative banks in the State. He said his bank was proud to function as a Rs. 13,000-crore fund manager of the social security pension. He said the project named Muttathe Mulla aimed at saving local people from the clutches of cut-throat moneylenders had become hugely popular in Mannarkkad and neighbouring areas.
The Kutty Sanji made of cloth introduced as an alternative against plastic and the bank’s rooftop vegetable project too had drawn praise. Mr. Purushothaman and bank’s president K. Suresh accepted the awards from Minister for Cooperation V.N. Vasavan at a function at Iringal on Saturday.