The Karnataka government is drafting a revival plan to support over 14,000 loss-making cooperative societies, including 2,200 milk producers’ units, out of 43,000+ in the state, media reports say.
Chief Minister Siddaramaiah termed the situation “unacceptable,” blaming poor loan recovery and urging stricter monitoring of expenses and milk output. The state has targeted Rs 28,000 crore farm loans for 3.7 million farmers this year, with Rs 8,362 crore already disbursed.
He also ordered recruitment for vacant inspector posts, digitisation of cooperative services, and stricter checks on unauthorized pawnbrokers and lottery operators to boost efficiency and accountability.