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Home Co-op News Snippets

Maha orders Probe into loan utilisation by Co-op Sugar Factories

Staff Reporter by Staff Reporter
March 2, 2026
in Co-op News Snippets
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Maha orders Probe into loan utilisation by Co-op Sugar Factories
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In the Maharashtra Legislative Assembly, Cooperation Minister Babasaheb Patil stated that observations regarding violations in the utilisation of loans disbursed to cooperative sugar factories through the National Cooperative Development Corporation (NCDC) are “partially true,” based on official inspection reports.

The Minister informed the House that NCDC officials conducted visits to 30 cooperative sugar factories and submitted reports to the State Government on September 4 and October 8, 2025. As per the submitted reports, 21 factories were found to have committed serious violations of prescribed loan utilisation conditions, three factories showed moderate violations, and six factories had minor deviations.

Following the receipt of these reports, the State Government issued a Government Resolution dated January 6, 2026, constituting a high-level committee under the Chairmanship of the Sugar Commissioner, Maharashtra State, Pune. The committee has been tasked with examining the utilisation of loans and submitting recommendations to the Government.

The Minister stated that the committee has conducted visits and gathered information. The report is awaited, and further action, if any, will be considered after its submission.

Tags: Babasaheb PatilBreakingcooperativeloanNCDC
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