Co-operatives Minister Gopal Bhargava has said that opening of branches of district cooperative banks separately in new constituted districts will be considered, if it is practical. Bhargava was chairing a meeting of departmental advisory committee at Vidhan Sabha hall here on Tuesday.
Bhargava informed that 33 out of 38 district cooperative banks are in profit with total profit of Rs 266.18 crore. Core banking facility has been introduced in all district cooperative central banks and customers as well as farmers have started receiving SMS alert about fund transfer through NEFT in their bank accounts.
At present, efforts are on to set up ATMs at cooperative bank level. MlA members Nanabhau Mohod, Nilesh Awasthi and Sachin Subhash Chandra Yadav were present on the occasion. Principal Secretary Cooperatives Ajit Kesari and Commissioner Cooperatives Manish Shrivastava informed about departmental activities. Action taken report on decisions of earlier meeting was also presented.
Minister Bhargava directed officers to implement suggestions given by members of advisory committee. He said that online facility for storage should be made more transparent. Bhargava informed that the state government is going to implement Mukhyamantri Sahkari Krishak Sahayata Yojana soon. Under the scheme, farmers will be given maximum Rs10,000 loan subsidy for purchase of fertilizers and seeds. For example, a farmer who avails Rs one lakh loan will have to repay only Rs90,000.
Principal Secretary Ajit Kesari informed that the state government has paid liabilities of cooperative societies till year 2014-15. he informed that now amount of subsidy will be immediately deposited directly in farmers bank accounts as soon as they repay loans. The departments has made arrangements to send immediate information through SMS to farmers on deposit of crop insurance premium receipt and among of subsidy being given to them. So far, mobile data of about 22 lakh farmers has been collected.
It was also informed in the meeting that process to dispose of assets of various cooperative institutions including Madhya Pradesh Oilseed Federation, which are in the process of dissolution.
Commissioner Cooperatives Shrivastava informed that MP is the pioneer state in providing zero percent interest loans to farmers. So far, short-term loans worth Rs11,472 crore have been distributed. Cooperative Societies in the state have issued 52.08 lakh Kisan Credit Cards to farmers. Under Kisan Credit Yojana, credit limit of Rs30,213 crore has been sanctioned. Departmental website e-cooperative has been developed to ensure transparency.