Co-op bodies can now tie up with private enterprise

| | RAIPUR
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Co-op bodies can now tie up with private enterprise

Friday, 31 January 2020 | Staff Reporter | RAIPUR

State cabinet on Thursday gave nod for allowing cooperative bodies in the state to tie up with government undertaking or even private enterprises for a particular business, including investment, financial assistance or marketing and management expertise.

A decision in this regard was made at its meeting held at chief ministers’ residence on Thursday.

Official sources informed that to make avail the cooperative bodies collaborate with government undertaking or private enterprise the cabinet gave nod to the draft of Chhattisgarh Cooperative Society (Amendment) Ordinance, 2020.

“Any cooperative society, with the simple majority of members present and voting in the general body meeting, can render support via resolution passed in its general body. It is mandatory for the cooperative society to get prior permission of the state government in each case before making such cooperation”, the amendment, however, says.

Meanwhile, the cabinet also ratified the formation of its subcommittee to recommend about the way the farmers of the state are to be paid Rs 2500 per quintal of paddy for which their crop has been procured under minimum support price.

It also gave nod for formation of Irrigation Development Corporation in place of State Infrastructure Development Corporation. All the deputed staff in the later would be merged in the former, the cabinet decided. The Irrigation Development Corporation will come into existence from the date it would be notified in the state gazette.

The cabinet also decided to request the Union government to repeal the Citizenship (Amendment) Act (CAA), 2019 after which the Chief Minister Bhupesh Baghel on behalf of the government wrote a letter to the Prime Minister Narendra Modi seeking scrapping of the CAA.

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