Cooperative dept records Rs 48.48 cr turnover, Rs 3.31cr from PCs

Cooperative dept records Rs 48.48 cr turnover, Rs 3.31cr from PCs
  • 1

SRINAGAR: The cooperative department has registered a turnover of Rs 48.48 crore through its various business units in Kashmir division during the current fiscal so far, while as it has recovered an amount of Rs 3.31 crore from various stakeholders during the period.
This was disclosed in a meeting chaired by Secretary, Cooperative Department, Bashir Ahmad Bhat, while reviewing the physical and financial achievements registered in the cooperative sector in Kashmir division, an official handout read.
Registrar, Cooperative Societies Kashmir MM Rehman Gasi, deputy registrars and district audit officers of Kashmir division attended the meeting.
According to the handout, Cooperative Super Bazar has registered a turnover of Rs 9.71 crores through their sale outlets in Kashmir division. The Super Bazars are emerging as an attraction where people get all daily use products including essential commodities under one roof on cheaper rates.
The department has generated a turnover of Rs 19.15 crore through its various cooperative societies while as the primary cooperative (PC) societies run by the department have earned an amount of Rs 19.62 crores in Kashmir division so far, the handout read.
While reviewing the recovery of the loans advanced to poultry cooperative societies (PCS), the handout stated that under National Cooperative Development Corporation (NCDC), recovery of an amount of Rs 1.35 crore was made while under Integrated Cooperative Development Project (ICDP) an amount of Rs 1.96 crore was recovered by the departmental agencies till date.
The cooperative department is running 19 medical shops in various hospitals in the division which remain open round the clock and each and every kind of medicines were being kept available on these shops for the benefit of the people. The medical shops are providing 5- 40 percent rebate on medicines and surgical items to the needy, it further read. 73 percent process for elections of the cooperative societies has been completed while the election for remaining cooperative societies were going on smoothly and will be completed during the current month, revealed the review.
The election of the cooperative societies is required to restore and maintain the democratic character of the cooperative institutions, the handout read further.
The secretary directed all the deputy registrars to monitor the process personally, asking them to take up any problem regarding the matter with the Registrar Cooperative Societies so that re-notification is issued accordingly.
90 percent audit of the cooperative societies has been completed so far.
The Secretary stressed upon the deputy registrars to ensure that infrastructure of the department including the land and buildings was protected in such a way that no scrupulous person encroaches it. He directed them to ensure that all the available land was properly fenced and buildings renovated, read the handout.
He asked them to prepare detailed project reports (DPRs) and submit them to the administrative department so that necessary funds are arranged accordingly.
For strengthening of cooperatives sector in the state, the secretary directed the deputy registrars to prepare the business development plan for the cooperative marketing societies and other cooperative societies for diversification of their business so that matter is taken up with government for release of required funds, the handout added.

Leave a Reply

Your email address will not be published.