Cooperation Union MoS reviews operation of cooperatives department

The Union Minister of State (MoS) for Cooperation and Development of the North East Region, BL Verma, today conducted a detailed review of the functioning of the Department of Cooperatives of Jammu and Kashmir here.

The meeting was attended by J&K Cooperative Department Secretary, Yasha Mudgal; Registration Cooperative Societies, J&K, Shafqat Iqbal, Director of Finance, Sukhwant Kaur, Additional Registration Cooperative Societies, Jammu Dr. Nirupa Rai, Additional Registration Cooperative Societies, Kashmir Syed Qamar Sajjad, Joint Planning Director, Madan Gopal Sharma, additional secretary, Kewal Krishan and other senior staff of the Department of Cooperatives.

Speaking at the meeting, the Minister pointed out that under the leadership of Prime Minister, Shri Narendra Modi and Home Minister, Shri Amit Shah, the country is witnessing the revival of the cooperative movement to alleviate the problems faced by the poor and marginalized section of society. .

The Minister pointed out that in recent years, the central government has made significant efforts to facilitate the development of women and young people by involving them in cooperatives.

While reviewing the various programs of the Cooperative Department, the Minister made it clear to the officers that steps should be taken to maximize the number of cooperative societies across J&K, with emphasis on the registration of PACS at the level of the Panchayat for the benefit of the popular masses as a whole. He advised the officers to sensitize the masses as much as possible about the various cooperative department programs to attract more young people.

Complimenting the department for the growth of Super Bazaars, the minister hailed the plan to establish a Super Bazaar in each district. He instructed agents to bring technological innovations to already established Super Bazaars for transparency and ease of customers.

While reviewing the facilities and operation of the cooperative, the minister liked the idea of ​​establishing a cooperative school in each district and asked the officers to expedite the process. The Minister ordered that the said schools be equipped with the best modern facilities such as laboratories, library and smart classrooms.

Giving a detailed presentation on the progress of the cooperatives department at J&K, Yasha Mudgal informed the minister that the three-tier structure of cooperative societies was already in place at J&K. She further informed the Minister that 595 awareness camps were held at different locations of J&K for the benefit of the masses in the previous fiscal year 2021-22.

The Secretary also informed the Minister that the Cooperative Department is focused on building women-centered cooperative societies in conjunction with the National Rural Livelihoods Mission.

She further informed the minister that the department was considering the registration of PACS in every Panchayat of J&K UT in addition to the existing 594 PACS. It was understood that the department revived 138 defunct cooperative societies in the previous year.

While presenting the review/progress of the Cooperative Banks, the Cooperative Secretary informed the Minister that due to the release of the recapitalization amount of Rs. 255.71 crore by the Ministry of Finance and Rs. 111.22 crore by NABARD, the financial position of the District Central Cooperative Banks (DDCBs) will significantly improve to retain the CRAR of 9% as the eligibility criterion for obtaining the license from the Reserve Bank of India.

Co-op secretaries were also briefed on the goals set for the department and the roadmap to achieve them within a set time frame in the current fiscal year.

Virginia S. Braud