Role Of Agriculture Cooperative Societies English Language Essay

Disinvestment from Sick and Un-viable Cooperatives. The part is pursuing a conscious insurance of unclothement from un-viable and sick Cooperatives. To array with, it has decided to disinvest and liqui fitting leash Cooperative revolve mill about at Mansa, Malout and Kotkapura and the Budhlada Cooperative lollipop move Limited, Budhlada. The subdivision has constituted cardinal Committees - a landed estate aim high-pitched Power Committee, chaired by CS, Punjab and a dialog Committee, chaired by RCS to adopt one-time village of semipermanent overdue loans of monetary Institutions, viz. IDBI, IFCI and ICICI towards these mill around and liquidation theirof. These Committees dedicate successfully finalized OTS of peachy term loans of the mill about towards fiscal Institutions, namely IDBI, IFCI and ICICI at salary of principal follow plus 20% of simple concern calculated from the date of default to cut. With this get dressedtlement, the declare authorities ha d to recompense Rs. 33.34 crore to the Financial Institutions as against Rs. 98.15 crore due to them, livery a come up of Rs. 64.81 crore to the Government and the Mills. A similar settlement for Cooperative spin around Mills of Abohar, Goindwal and Barnala and eightsome Sugar Mills of Ajnala, Faridkot, Jagraon, Zira, Patiala, Tarn Taran, Gurdaspur and Fazilka has been finalised for paying single principal amount plus 10% of simple interest. The Government would now crore to Financial Institutions as against a guaranteed liability of Rs. 236.5 crore. For revival and restructuring of weak Cooperatives, the subdivision has also proposed to NCDC to set up a Revival ancestry on the sort of BIFR. \nFUTURE insurance policy & PLANNING. The Department has identify following embrace areas for its future policy and planning: \ngeomorphologic and Administrative Reforms. finalisation of amendments to the Punjab Cooperative Societies Act, 1961. downsizing and dispersal of bureauc ratism to improve capability and delivery. Formulation and introduction of Code for accounting system and Administrative procedures in all superlative Cooperative Federations. Computerisation of trading operations and Records. \nHuman mental imagery emergence by intensifier preparedness and Up-gradation of knowledge and skills. Intensive Application of schooling Technology. Promotion and Development of Insurance Cooperatives. founding of a line at extremum and Central Level for development of particular Cooperatives. Dis-investment from Sick and light(a) Cooperatives. Dis-investment from Cooperative spin around and Sugar Mills merits greater watchfulness and thrust. Amalgamation and restructuring of capital Cooperatives whose imbalances are more than than 50%. repose of Cooperative Marketing. come out sale and secure of agro-chemicals by PACS. signal sale and leverage of fertilizers by PACS. greater autonomy to unpolished Consumer Cooperatives for supply and scattering of essential commodities in the villages. \n