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Inviting Suggestions for the proposed New Cooperative Policy

Start Date :
May 27, 2022
Last Date :
Jun 15, 2022
23:45 PM IST (GMT +5.30 Hrs)
Cooperatives are the mainstay of the rural economy ensuring sustainable livelihoods and income for people. There are 8.5 lakh cooperatives in India, out of which 1.77 lakh (about ...
Sources said representatives from Maharashtra suggested an upper age limit of 70 years for members of boards of directors of cooperative societies. Presently, there is no such age bar and the suggestion is aimed at governance reforms. According to the Ministry, Maharashtra has the highest number of cooperative societies in the country.
Sources said officials from UP suggested that land available with PACS can be leveraged for expanding the resource base of cooperative societies. UP’s additional chief secretary B L Meena, who participated in the conference, said PACS have more land than the Railways, which can be utilised, sources said.
Sources said Bihar officials suggested that the PACS should be given better market linkages under the label “Sahakar se Bajar” (cooperative to market).
There were also suggestions for electronic voting to be implemented in cooperative societies, and for storage facilities available with PACS to be leased out to private e-commerce operators like Amazon.
The two-day conference, inaugurated by Union Minister of Home and Cooperation Amit Shah, was the first such consultation on the new cooperative policy, which the Centre wants to bring out during the current financial year.
Allow foreign direct investment (FDI) in the cooperative sector, particularly in Primary Agricultural Cooperative Societies (PACS) to improve infrastructure; fix an upper age limit of 70 years for board members in cooperative societies.
These were two key suggestions put forward by states to the Centre during the two-day national conference on a new cooperative policy, which was held in Delhi on April 12-13
Though one would tend to pick and deploy the company law as it is with some modification, it would kill the informal operating fabric of these cooperatives .
Digitising of Cooperatives without disturbing the informal operating structure is the way forward. Innovation would be required.
We would need to establish MCA type of Digitisation initiative for all cooperatives by creating the registries. You have to overcome the Digital and Language divide to implement such a system. NGOs have been pushed by deregistering them in case they do not follow compliance. This has helped increase compliance. How would we incentivise cooperatives would be a question
Govt. Should take subsidy (50%)on time deposit like kcc
Increase effectiveness
Have laws rules for Accountability
Make working Friendlier
SAVE DEPOSITORS OF AADARSH CREDITCOOPERTATIVE SOCIETY REMOVE LIQUIDATION RETURN OUR LIFE LONG HARD EARNSD MONEY THEN INTRODUCE NEW COOPERATIVE ACT WITH JUSTICE FOR POOR MEMBERS THERE IS NO MEANING FOR THESE TYPE OF ACTS FIRST YOU THINK THE SAFETY OF MEMBEFS THEN THINK ABOUT SOCIETY DO NOT PUNISH POOR DEPOSITORS
Respected sir,
please find the attachment of my prepared artical on proposed co operative structure and its motive .
JOY HIND
The policy will include to the people those they are involve in the gramasabai activities