Maharashtra government has formed two committees to study the working of prominent cooperative institutions and suggest measures to improve them, reports Livemint.
The committees will focus on studying the working of cooperatives in agriculture, agriculture marketing, and district cooperative banks. Both committees will submit their reports soon.
“The government has noticed that some cooperative institutions have violated the provisions under Maharashtra Co-operative Societies Act and its by-laws as well as the policy guidelines issued by the government.
As a result, a large number of cooperatives are in deep financial problems which are affecting their day-to-day functioning,” the government resolution says.
There is general view that the cooperative sector in Maharashtra is under the control of corrupt politicians. RBI and Nabard have often drawn attention to this problem.