Minister for Cooperative Govind Singh has said that those officers-employees, who are causing loss to the District Cooperative Banks, should be dismissed and those who are doing a good job should be promoted.
Along with this, recruitment process as per the rules should be initiated immediately to fill the vacant posts after obtaining necessary permission from the Commissioner Cooperative.
Amount should be recovered from the people involved in financial misappropriation and also FIR should be registered against them.
Govind Singh was reviewing the functioning of the District Cooperative Banks of Bhopal and Hoshangabad divisions at the auditorium of APEX Bank on Wednesday.
The Cooperative Minister mentioned that the District Cooperative Banks have an important role in the Cooperative Movement.
Therefore, it is necessary to improve their financial condition.
In the past years, their financial condition has worsened. By organizing divisional meetings constantly, the Senior Officers should review their functioning.
The Commissioner Cooperative MK Agrawal has informed that excluding that of Sagar and Jabalpur, all other meetings have already been held and this process will continue in future too.
Principal Secretary Cooperative Ajit Kesri informed that the Cooperative Banks mainly function to give short term loans to the farmers. He stressed the need for recovering of loans in time.
During the district wise review of the District Cooperative Banks, it has been found that the time barred (NPA) amount of all the banks is the highest.
No concrete efforts have been made at the banks level to recover the loans.
Minister Dr. Singh directed that time barred loans in maximum should be recovered in the next one year.
During the district wise review of the Cooperative Banks, it has been found that Bhopal does have institutional deposit but individual deposit is almost nil.
Efforts should be made to get individual deposit. Along with this time barred loans should be recovered. The amount of time barred loan in Betul district is Rs 143 crore. An amount of Rs 100 crore will be recovered by June 30. Similarly, the amount of time barred loan in Raisen district is Rs 148 crore and it was informed by the officer of the district that an amount of Rs 48 crore will be recovered by end June.
In the review of Rajgarh District, it has been found that the condition of the Cooperative bank is in doldrums because of the loan imbalance and financial irregularities.
It has time barred loan of Rs 183 crore. Singh directed for recovery in the cases of financial irregularities and for registering FIR.
In Vidisha district, the time barred loans of Rs 45 crore are remaining and the same should be recovered by next June. During the review of Hoshangabad district, the condition was found critical.
The district has time barred loan of Rs 292 crore comprising mostly non-agriculture loan. Cases are also underway against many employees.
In many cases, stay has also been given by the concerned Asst/ Dy Registrar.
Taking all these matters seriously, the Minister Singh directed that the disciplinary action should be taken against such Asst/ Dy Registrar and their salary-increment should be stopped.
It has been found while reviewing the Sehore District that the Cooperative Bank had time barred loan worth Rs 38 crore in the year 2016-17, which has gone up to Rs 280 crore in the year 2018-19.
No concrete efforts have been taken by the bank as regard to recovery of loans.