Cooperative societies to get more powers in Punjab

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Kapurthala, Nov 16 (UNI) Punjab Cooperation Minister Capt Kanwaljit Singh today said the high level committee of experts on giving more powers and autonomy to the cooperative societies would submit its report to the department on December 12.

Talking to mediaperons here today on the occasion of 55th cooperative week function , Capt Singh disclosed that the findings of the committee would be implemented in the month of January next and this would bring revolution in the cooperative movement in the State. Commenting on the ambit of the committee, he disclosed that it would examine the power and autonomy to be given to the cooperative societies and the department interference in the day today working of the societies.

Replying to a question on the revival of six closed cooperative sugar mills, the Minister said the government was actively considering the revival of these sugar mills in the interest of the employees and to keep a check on the price of sugar and the decision would be taken soon. He claimed that it was SAD-BJP government which took a stand not to sell these cooperative sugar mills and blamed the previous Congress government for the decision to sell these sugar mills.

Addressing a function on the celebrations of cooperative week, the Minister disclosed that the cooperative societies would be made multipurpose which would not only advance loans at cheaper rates but also take deposit from the farmers besides selling their agri produce. He informed that one lakh unemployed youths would be recruited by these societies as salesmen. He stated that cooperative department was raising a loan of Rs 1100 crore from the World Bank to revive the defaulting societies.

To give housing facility to the economically weaker sections of the society, Housefed was constructing flats at Banur, Kapurthala, Amritsar, Ludhinana and Bathinda. Laying the foundation stone of 240 flats to be build by the Housefed here, the Minister said these flats would be given to the economically weaker section at the cost ranging from Rs six to eight lakh and on easy installments.

Housefed Managing Director V K Bansal disclosed that construction of the housing colony here would be completed within two years and that 906 flats will be constructed.

UNI XC HS 1919

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