Chandigarh: The Additional Chief Secretary, Cooperation, D.P. Reddy has instructed the field officers of the department and District Managers of the Central Cooperative Banks to speed up the process of advancing crop loans to the members of cooperative societies for sowing of kharif crops in accordance with the directions of the Cooperation Minister S. Sukhjinder Singh Randhawa.
The Additional Chief Secretary was reviewing the functioning of the Regional Officers of the Cooperative Banks and District Managers of the Central Cooperative Banks here today in a meeting at Punjab State Cooperative Bank, Sector-34.
During the course of the meeting, Regional Officers apprised the Additional Chief Secretary that out of the approximately 3500 Agricultural Cooperative Societies of the state, the Maximum Credit Limit (MCL) pertaining to 2618 societies has been prepared while the process of preparing the MCL concerning the rest would be completed by 28th May, 2018. The MCL with regard to more than 7 lakh farmers has been prepared. The members of 639 societies have already been advanced the crop loans.
The Regional Officers also brought to the attention of the Additional Chief Secretary that MCL of 80 percent of the societies has been prepared. In Shaheed Bhagat Singh Nagar, Moga, Bathinda, Mansa and Amritsar Districts MCL work of 100 percent societies has been completed. D.P. Reddy instructed the regional officers that work regarding the MCL preparation of rest of the agricultural cooperative societies be completed by 28th May, 2018. He also assured that the cooperative societies are always engaged in working for the welfare of the farming community. He also reviewed the debt relief being granted to the marginal farmers.