Punjab To Provide Record Rs.12000 Cr. Short Term Crop Loan To Farmers Through Cooperative Agri Societies: Sandhu

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F.I.Rs BE REGISTERED AGAINST THE EMPLOYEES FOUND INDULGING IN EMBEZZLEMENT

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NewZNew (Chandigarh) : To achieve the twin goals of upgrading the cooperative sector and to curb the corrupt practices, the Punjab government has decided to provide Rs. 12000 crore short term crop loans to farmers through the primary co-operative agriculture societies and also to make arrangement for the supply of 6.5 lacs M.T. of urea and nearly 2.70 lacs M.T. of DAP Fertilizer to farmers of the State through the Co-operative societies. The department has also given its nod to register FIR against the employees of cooperative societies and Cooperative Banks found indulging in embezzlement.

It was disclosed by Mr. S.K. Sandhu, Principal Secretary to Chief Minister and Financial Commissioner Co-operation while reviewing the working of the Co-operative Department and various Co-operative institutions.

He reviewed all the arrangements for the delivery of credit and other agri-inputs for the rabi season 2014-2015. He also took stock of the arrangements for all the districts of the State with district heads of the department, Co-operative Banks, MD Markfed, MD Milkfed and other institutions. Apart from this, the working of the department with respect to various activities concerned with the rural economy of the Punjab was also reviewed in detail.

Mr. Sandhu directed the officers of the Co-operative department to plan for the turnaround of loss making primary Co-operative agricultural societies. Registrar Co-operative societies Mr. A.S. Miglani told that out of total 3537 primary agriculture societies nearly 2500 societies are earning profit. The detailed analysis of the loss making society has also been made and co-ordinated efforts with the other co-operative institutions like Markfed, Milkfed and Co-operative Banks has been initiated to create synergies between the various Co-operative institutions to increase the profit of the societies. Registrar co-operative societies also briefed Financial Commissioner Co-operation on the issue of the repair of godowns of the societies so as to create space for the pre positioning of fertilizer so that the same can be supplied to each and every society within short span of their requirement during the season.

Prominent amongst other who were present in the meeting included Mr. Gurkirat Kirpal Singh, Managing Director Markfed, Mr. Dilraj Singh Sandhewalia, and Managing Director Milkfed.