Sahakar Bharati welcomes the announcement of appointing EC for UCBs
Sahakar Bharati hails the constitution of Expert Committee(EC) for UCBs vide RBI Governor Statement dt 5 th Feb 2021. Sahakar Bharati was constantly pressing for the constitution of EC, particularly after the enactment of Amendments in BR ACT & downfall in the number of UCBs across the country.
Sahakar Bharati welcomes the announcement of appointing EC for UCBs. However, Sahakar Bharati also expects the broad-based EC which will consider the following important points too for the overall development of the sector
1) EC be broad-based of officials & Cooperators
2) Drafting of Vision for the growth of UCB Sector including issuing of licences for new UCBs
3) Providing a road map with milestones.
4) Provision of voluntary conversion of Credit Coops into UCBs & ...