The Pune-based Federation of Multi-State Cooperative Credit Societies organized a one-day training workshop for sales and recovery officers from Maharashtra and Karnataka in Ahilyanagar last week. The program drew over 300 representatives from both states.
The workshop was inaugurated by District Deputy Registrar of Cooperative Societies Mangesh Survase, in the presence of Assistant Registrar of Rahuri Taluka R. Khadkar, Federation President Suresh Wabale, Directors Kadu Bhau Kale, Shivaji Kapale, Ravi Kande, and other dignitaries.
Addressing the participants, Deputy Registrar Survase underlined the importance of lawful loan recovery and urged societies to keep interest rates reasonable, avoid unhealthy competition, and lend only to good borrowers. “Cooperative credit societies must work so reliably that people can place blind trust in them,” he said.
In his welcome address, Federation President Suresh Wabale stressed that Maharashtra has the highest number of multi-state cooperative credit societies in the country. While mismanagement by a few had tarnished the movement’s reputation, he asserted that societies affiliated with the Federation were performing excellently.
He further noted that under new central government rules, multi-state credit societies must now operate on par with banks. Wabale also shared that some of these rules were initially unfair, but after his representations in New Delhi, several changes were introduced in favor of the sector.
During the workshop, trainer Navnath Birajdar provided legal guidance on loan recovery procedures. The program was conducted by Bharat Darunte, with a vote of thanks from Director Shivaji Kapale. The event was coordinated by Federation Secretary Anil Warpe and Nagbaba Sanstha CEO Anil Kadam.
