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  • Modi fails to mention co-op in his chat with farmers

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    In his interaction with farmers of the country Prime Minister Narendra Modi did talk about the strength of Farmer Producer Group and FPO but did not mention the role being played by cooperatives in the country from agri inputs to finance to marketing of farmers’ produce. Modi said Farmer Producer Group and FPO (Farmer Producer Organisation) play big role in getting agricultural inputs at low co ......
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  • Saraswat Bank wins NPCI Excellence Award

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    “National Payments Corporation of India (NPCI) has honoured Saraswat Bank with the National Payments Excellence Award in recognition of its excellent performance in various products viz. NFS ATM Network, RuPay, CTS, Instant Payment Products (IMPS+UPI+BHIM+USSD), NACH & AEPS. Saraswat Bank has been chosen as the Winner across the entire product range this year as against last year wherein it ......
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  • Co-op connection gains strength between India & Nepal

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    Union Minister of Agriculture and Farmers’ Welfare Radha Mohan Singh met his Nepalese counterpart Chakra Pani Khanal, Minister for Agriculture, Land Management and Cooperatives in New Delhi on Tuesday and assured him of India’s support to further Nepal’s agriculture and cooperative sectors. Singh said both countries are largely agrarian and agriculture has been identified by the two sides ......
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  • Kerala to ensure autonomous functioning of co-ops

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    The Kerala Cabinet meeting on Wednesday approved the draft cooperative policy of the state government. The draft policy has envisaged creating a conducive environment for ensuring an independent and autonomous functioning of all cooperatives institutions in the state, reports Express News Service. The draft policy also suggests to acknowledge cooperatives as a means to implement the developmen ......
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  • Director of credit co-op arrested

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    The director of a Bhandup-based co-operative credit society was arrested for allegedly abducting and assaulting a loan defaulter last week, reports TOI. The defaulter had repaid only 2 installments of the Rs 3-lakh loan taken from Devang Co-operative Credit society and later stopped making payments, despite several notices and warnings. Vijay Kumbhawade, the society’s director, was arrested. ......
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  • Abhyudaya Mahila Urban Co-op Bank penalized

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    The Reserve Bank of India has imposed a monetary penalty on Abhyudaya Mahila Urban Co-operative Bank based in Channapatna, in exercise of the powers vested in it. The UCB was found violating directives contained in para 3 of Reserve Bank of India Circular No. BPD Cir.50/13.05.00/2002-03 dated April 29, 2003 on “Loans and Advances to Directors, Relatives and Firms/Concerns in which they are Inte ......
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  • Implementing SDGs: Co-ops should position as pioneers

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    By Anca Voinea A 2015 report by PwC showed that while only 33% of people surveyed were aware of the Sustainable Development Goals (SDGs), 90% of those who knew about them believed it was important for businesses to sign up to them. In addition, 78% said they were more likely to buy the goods and services of companies that had signed up to the SDGs (67% in the UK). This makes an important business ......
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  • Key initiatives aimed at doubling income: Govt source

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    National Farmers Commission was constituted in February 2004. After that, the National Policy for Farmers was approved on the basis of the Commission's recommendations in the country, which aimed at improving the economic condition of agricultural sector as well as the net income of the farmers. Most of the recommendations had been left in the cold storage during the UPA government. As soon as Pri ......
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  • Doctrine of Mutuality in Cooperative Housing Societies

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    By I C Naik The Income Tax Authorities in India generates issues from non-issues.  Waste a lot of time and money and finally only settle with what the Supreme Court of India says. Every CA taken up after successful plea under SLP should have a stringent damage clause for suitably compensating to the respondent for wasting their money and time. In a very recent Apex Court judgment more than 60 ......
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  • How can co-ops help women rise to the top!

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    By Balu Iyer How can co-operatives help women rise to the top? In order to answer the question, we reached out to the source – Women CEOs. It was not difficult to find them as there were so few within our members in the Asia-Pacific region! Once we did, we invited them to the workshop, ‘Re-work, Re-imagine and Re-shape: Advancing Women CEOs in Co-operatives,’ in Guiyang, China. Ahead of the ......
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  • Maha – CHS poised to by-passing the Real Estate Market - 4

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     Post-Redevelopment scenario should be visualized as the cooperative housing societies operating in true sense on Seven Cooperative Principles[1]. With the kind of cooperators’ grievances pouring in, the Maha-CHS as an institution appears to have quite a very long way to catch up with the cooperative principles. Looking to the support being assured by the [2]State Government [3] to Maha-CH Soci ......
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  • Sahara Credit Co-op: Here is another victim!

    Sir, I am Dandi Ram Kalita, from Guwahati Assam. I had deposited 32000+7000 in two account of SAHARA CREDIT COOPERATIVE SOCIETY LTD. My fund maturity date was 07/09/2017 and amount 34880/- + 7630/- But I have not get the maturity amount yet. I have submitted all required documents on 09/10/2017,   but the branch manager Mr. K. Sharma, not cooperating and always asking and asking for 1 week or 15 ......
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  • JKV multistate credit co-op society: How innocents are being fleeced

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    This is the story of a hapless Naresh, one of the customers of JKV multistate credit co-op society operating in Sambhal district in Uttar Pradesh. As his complaint fell on deaf ears everywhere, he wrote a mail to us narrating his tale of woes caused by an unscrupulous multistate credit co-op society. We produce below his story in his own words so that the concerned authorities wake up and do the n ......
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  • Pimpri: High-handedness of a Housing Co-op Chairman

    This mail landed at the desk of Indian Cooperative in co-op query section. The sender is so scared of the Chairman of a co-op housing society that he did not give his name. He, however sent all the details of the CHS which can help one pinpoint the man in question. It is a story of how a Chairman in connivance with a local Councilor unleash a reign of terror. Will the concerned authority please ......
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  • High-handedness of a CHS in Mumbai suburb

    This mail came as a query. But it is being featured in co-op complaint due its applicability in a wide range of cases-Editor  Query of Sunil Mishra Sir I am a member of a co-operative housing society in Mumbai suburbs. I have purchased a flat and a car parking space in the above-mentioned society and the same are registered with the sub-registrar of assurance. Now my issue is I own two cars and ......
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  • Sahara Credit Co-op: Yet another victim

    Sir, I am Dandi Ram Kalita, from Guwahati Assam. I had deposited 32000+7000 in two account of SAHARA CREDIT COOPERATIVE SOCIETY LTD. My fund maturity date was 07/09/2017 and amount 34880/- + 7630/- But I have not get the maturity amount yet. I have submitted all required documents on 09/10/2017,   but the branch manager Mr. K. Sharma, not cooperating and always asking and asking for 1 week or 1 ......
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  • RSS led credit co-op inspires hope in co-op model

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    RSS inspired credit co-operative Kamal Nagari Sahakari Patsanstha is turning out into a fine example of how a cooperative should be run. With zero percent NPA Raigad based credit co-op is active in uplifting the lot of poor people in its area of operation. The first credit cooperative society of Raigad district in Maharashtra it is coveting business of Rs 200 crore in deposits and Rs 150 crore in ......
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  • We focus on training woman cooperators: Amin

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    In an exclusive interview G H Amin, Chairman of Gujarat State Co-operative Federation tells how the state co-op union runs cooperative programmes with a band of both male and female instructors with a special focus on the latter. We have separate cooperative education programmes for the benefit of female members of cooperatives, Amin said to this correspondent in his union office in Gandhinagar ......
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  • Lack of credit for poor motivated me: Shetty

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    As the chief of a municipal govt Thimmaiah Shetty had been saddened by the non-availability of easy credit for the urban poor. This made him feel determined to start an urban cooperative bank that would meet their credit needs. And here he stands as the Chairman of Manvi Pattana Sahakari Bank in Karnataka, a cooperative bank that has been lauded by many including Sahakar Bharati patron Satish Mara ......
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  • Amreli Jilla Sahakari Bank on growth path

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    The story of Amreli Jilla Madhyastha Sahakari Bank shows how a determined leadership could use the power of the cooperative model to deliver goods to farmers and poor sections of society. While disbursing loan at the rate of one percent it is able to meet members’ expectations as well. It gives them annual dividend of 15 per cent. One of the foremost banks to introduce Kisan Credit Card the i ......
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  • Buldana Urban: Few can match Zamwar’s energy and zest!

    While multi state co-operative is much talked about in town, there is little discussion about multipurpose cooperative in Indian context. But employing the concept of multi-purpose cooperative in solving everyday municipal problems, Maharashtra based Buldana Urban has made a name for itself by altering the fate of the town Buldana. Buldana Urban offers water ATMs, Vedic schools, hotels, bridges ......
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