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GUBCBF to launch 2nd edition of 'Flood I-T' project next year

Last Updated: Fri, Dec 07, 2012 07:40 hrs

pAfter success of first edition of Flood I-T project Gujarat Urban Bank Co-operative Banks Federation GUBCBF plans to launch its second edition beginning early 2013 The federation is targeting sale 300000 computers under this project in one year timepp&ldquoThe &lsquoFlood I-T&rsquo project was a success in 2009-10 Based on this we have decided to launch its second edition We are working on it and most probably the project would be launched in January 2013&rdquo said Jyotindra Mehta chairman Gujarat Urban Bank Co-operative Banks Federationpp&ldquoLast time co-operative banks had given loans for 100000 computers and this time we are targeting loans for 300000 computers under the project" he addedppAccording to Mehta all the 297 co-operative banks of Gujarat will participate in this project and any students or educational institute can take benefit of the Flood I-T project &ldquoLast time federation had tied up with three I-T companies in second edition seven companies are going to join with us" Mehta saidppUnder Flood I-T projects applicant gets 25 percent direct discount on market price of a personal computer The scheme also provides interest-free loan for purchase of computersppAccording to a study by Indian Institute of Management Ahmedabad IIM-A on Flood I-T project 145 cooperative banks and 100 cooperative societies had participated in this project in 2009-10ppDue to this project sales of the computer in Gujarat increased almost 30 percent and around 7500 new members were added in cooperatives banksppFlood I-T project had benefitted over 250000 students including those from 200 educational institutesp

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