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Computerization of co-ops: Shivraj seeks Nabard’s help

Posted on 05 March 2015

Chief Minister Shivraj Singh Chauhan in a meeting with NABARD chairman has urged Nabard to extend technical cooperation and financial assistance for computerization of cooperative banks in the state, according to a report by Business Standard. Chauhan said the state government can get loans worth Rs 10,000 crore in next three years if NABARD reduces […] Continue Reading

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Budget will have mixed effect: Sodhi, MD (GCMMF)

Posted on 05 March 2015

Mr R S Sodhi, the Managing Director of GCMMF which owns the famed brand Amul has given his take on the Union Budget on our request. We produce the same verbatim-Editor For Cooperative Sector, the budget will have a mixed effect. Budget is good for those cooperatives who are in manufacturing of products. They have […] Continue Reading

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Ex-CEO of Vaishali UCB arrested

Posted on 04 March 2015

Rajasthan police have arrested Amit Agrawal director of research center of Jaipur engineering college, in connection with embezzlement of Rs.11 crore of Vaishali urban cooperative bank in Jaipur. Amit Agrawal resident in civil lines has been the CEO of the bank.  Already in  january police investigation had begun. Additional registrar cooperative societies had lodged a […] Continue Reading

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United Comm Co-op Bank, Kanpur loses license

Posted on 03 March 2015

Reserve Bank of India (RBI) has cancelled the licence of United Commercial Co-operative Bank based in Kanpur (Uttar Pradesh). The Registrar of Co-operative Societies Uttar Pradesh has also been requested to issue an order for winding up of the bank and appoint a liquidator. The Reserve Bank cancelled the licence of the bank citing several […] Continue Reading

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Unified National Agriculture Market will help farmers: IFFCO MD

Posted on 02 March 2015

IFFCO Managing Director Dr U S Awasthi has lauded the union budget for its provision to create Unified National Agriculture Market that is billed to help farmers in a big way who are more often than not forced to sell their produce to the cunning middlemen. In his budgetary speech Union Finance Minister Arun Jaitley […] Continue Reading

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“Where is sabka saath sabka vikas”, asks Chandra Pal

Posted on 02 March 2015

In a scathing attack on the NDA government’s first union budget National Cooperative Union of India’s President Dr Chandra Pal Singh Yadav said that the idea in the slogan “sabka saath and sabka vikas” has been defeated by this budget. If you analyze it deeper sabka saath and sabak vikas is nothing but cooperative spirit […] Continue Reading

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Budget has nothing for UCBs: Goyal

Posted on 02 March 2015

The Union Budget presented before Parliament by Union Finance Minister, Arun Jaitley for the year 2015-16 is a comprehensive budget giving boost to trade and business. Cosmos Bank’s Chairman, Krishnakumar Goyal specified that this budget has not addressed any issues pertaining to Urban Co-operative Banks and do not have any concrete measure for their development. […] Continue Reading

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Achech din kab ayenge; asks NAFCUB Prez

Posted on 01 March 2015

NAFCUB President Mr Mukund Abhyankar is not happy with the union budget presented by the Finance Minister Arun Jaitly on Saturday in the Parliament. He says it is not at all kind to urban co-operative bank or the Credit sector as 80 P continues despite our umpteen requests. Abhyankar lamented that NAFCUB which is the […] Continue Reading

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Cooperative Coffee Shop

Part 4 Model Bye-Laws 2014: Registrar’s power

Posted on 23 February 2015

By I C Naik The Bye-Laws of a cooperative society is a document registered in the office of the Registrar of co-operative societies being a public authority under the M C S Act 1960. Nevertheless such registered Bye-Laws comprise private contracts inter se the members of the concerned cooperative society. The Registrar as a public […] Continue..

Setting the co-operative standard

Food funda: Builders against BMC resolution

Co-op News Snippets

Fraud in PACS in Tamil Nadu village

Posted on 04 March 2015

According to an Indian Express report, the cooperative dept has ordered a departmental enquiry against two employees of the Primary Agricultural Cooperative Bank in T. Periyakaram village in Vellore in Tamil Nadu. The fraudsters are accused of siphoning off an amount of Rs 24 lakh. The two employees have already been put under suspension. Officials […] Continue..

Housing scheme by Idukki Co-op Bank

Share of co-op banks dwindling: NABARD


Cooperative Complaint Board

Nafed forfeits our Rs 1 crore

Posted on 29 January 2015

We would like to introduce our self M/s Vinay Industries Ltd, biggest export house for export of Groundnut Oil. M/s Vinay Industries has been awarded as India’s Largest Exporter for consecutive two year by IOPEPC. M/s Vinay industries Ltd being biggest Groundnut Oil export house, we procure raw material from various Government Institutions as well […] Continue..

Kamat Plaza Co-op Society: Woes of a member

CKP Co-op Bank: No respite yet

Cooperative Success Stories

A cooperator with a difference!

Posted on 10 January 2015

Dr Sukesh Zamwar the Managing Director of Buldana Urban, a highly successful multi state cooperative society active in the Buldana region in Maharashtra is a cooperator with a difference. An orthopedic surgeon by training Zamwar’s entry into cooperative was not premeditated. After finishing MBBS he went to Germany to become a knee-replacement expert, and on […] Continue..


Jasmine co-op society: Heroic fight by Kamat