Giving a reply to a Written Question on ‘Co-operative Societies/Banks Liquidated’ in the Rajya Sabha, the Minister of Cooperation, Shri Amit Shah said, the information including details of liquidation of Cooperative Societies including Cooperative banks registered under the respective State Cooperative Societies Act is maintained by the concerned State Registrar of Cooperative Societies.
The details of the number of Multi-State Cooperative Societies including Multi-State Cooperative banks which are under liquidation for the last five years, State-wise and year-wise, was provided by the Minister.
Around 71 multi-state cooperative societies are under liquidation this year so far, with the maximum number of them located in Rajasthan, Maharashtra, Delhi and Odisha.
In a separate reply on the performance of Primary Agricultural Credit Societies (PACS), Shah said 48,907 PACS were in profit, while 24,243 of them were in loss as of March 2020.
