Punjab Government has decided to provide record Rs12,000 crore short-term crop loan to farmers through primary cooperative agriculture societies.
Besides, the funds would also be used to make arrangement for the supply of 6.5 lakhs MT of urea and nearly 2.70 lakhs MT of DAP fertilizer to farmers of the State through the co-operative societies.
With this, the government aimed at achieving twin goals of upgrading cooperative sector and to curb corrupt practices.
The department has also given its nod to register FIR against the employees of cooperative societies and banks, found indulging in embezzlement, said Principal Secretary to Punjab Chief Minister and Financial Commissioner Co-operation SK Sandhu while reviewing the Co-operative Departmental workings.
He reviewed all arrangements for the delivery of credit and other agri-inputs for the Rabi season 2014-2015.
Sandhu also took stock of the arrangements for all districts with district heads of the department, Co-operative Banks, Markfed managing director, Milkfed MD and other institutions.
Apart from this, the working of the department with respect to various activities concerned with the rural economy of the Punjab was also reviewed in detail.
Sandhu directed the officers of the co-operative department to plan for turnaround of loss making primary Co-operative agricultural societies.
Registrar Co-operative societies AS Miglani told that out of total 3537 primary agriculture societies, nearly 2500 societies are earning profit.