Sahakar Bharati Delegation had a fruitful meeting with Union CoOp Minister Amitbhai Shah

Sahakar Bharati Delegation had a fruitful meeting with Hon Amitbhai Shah, Union CoOp Minister, today morning at his Residence in Delhi. Sahakar Bharati requested the CoOp Minister to Review and Update Ntl CoOp Development Policy to expand and deepen the CoOp Network in the Country.

Sahakar Bharati National President Shri Ramesh Vaidya, Ntl General Secretary Dr Uday Joshi, Patron Shri Jyotindra Maheta, Shri Satish Marathe and All India Organising Secretary Shri Sanjay Pachpor were in the delegation.

Those points were discussed Hon Shri Amitbhai Shah Union Minister for CoOperation. Date: 15th July 2021, Time: 11 am.

Venue: Hon Minister’s Resident.

  1. Review and Update Ntl CoOp Development Policy to expand and deepen the CoOp Network in the Country.
  2. Formulating Ntl CoOp Training and Capacity Building Policy to meet the HR NEEDS of our 8.50 Lakhs CoOps in the Country.
  3. Ntl Council for CoOp Training (NCCT) to be kept independent of Ntl CoOp Union of India (NCUI) and to be developed as Ntl Centre of Excellence for CoOps.
  4. The case pertaining to the 97th Constitution Amendment is pending in Supreme Court for more than a decade.
    Steps to be initiated for withdrawal of the Case or to be forcefully argued to have decision expeditiously.
    Favorable decision of SC will result in liberalizing CoOp from political and bureaucratic intervention.
  1. CoOps are Economic Enterprises. Hence, Ease of Doing Business Norms be extended to all CoOps.
  2. In many States, Social Activists and CoOperators are unable to register new CoOps. Hence, to overcome this issue, registration of CoOps under Multi State CoOp Socs Act be encouraged.
  3. In the Department of Financial Services, Ministry of Finance there is not even a single Officer/Unit to deal with issues relating to Financial CoOps. As a consequence, CoOps Finacial Institutions do not get included in GOI Schemes eg. Interest Subvention, CGSTME, MLI for Ntl Hous Bank, SIDBI, Mudra, etc
  4. Constitute a broad-based Committee to redefine the Roles of CoOp Financial Institution viz Primary Agricultural Socs (PACs), Dist Central CoOp Banks (DCCBs), and State CoOp Banks (StCBs).
  5. Matters to be taken up with RBI in respect of –
    a) Licensing of UCBs,
    b) Term of the Board to be of 5 Years,
    c) Two terms, each of 5 years, for Directors.
    d) Scheduling of eligible UCBs e) Review of RBI guidelines to UCBs directing 75% Lending to Priority Sector
    f) Review of RBI guidelines to UCBs for constituting Board of Management (BOM).
  6. Presently, despite clear provisions of Section 80P of the Income Tax Act, the CoOp Socs are at the receiving end of and are put to untold hardships at the hands of the Income Tax Department.
    Directives be given to CBDT to issue appropriate guidelines.
  1. Capital Contribution to Umbrella Organisation being constituted for UCBs.
  2. Where seats have fallen vacant, GOI to use its good offices to ensure cooption of Dedicated and Experienced CoOperators on the Board of NCUI.
  3. As provided in the 97th Constitution Amendment for conducting free & fair election of Board of Directors, separate Central CoOp Election Commission to be constituted by GOI.
  4. Despite allocation of funds, Project of computerising of PACs has been implemented resulting in huge loss to GOI.