(a) whether Government has a proposal to revamp the working of the Cooperative Banks;
(b) if so, the details thereof; and
(c) the relief being proposed/ extended in this regard?
(a) whether Government has a proposal to revamp the working of the Cooperative Banks;
(b) if so, the details thereof; and
(c) the relief being proposed/ extended in this regard?
THE MINISTER OF STATE IN THE MINISTRY OF FINANCE(SHRI PAWAN KUMAR BANSAL)
(a) to (c) : The Government is already implementing the Revival Package for strengthening
the Short Term Cooperative Credit Structure (STCCS) in the country. The Government is also
formulating a similar package for Long Term Cooperative Credit Structure (LTCCS). The Revival
Package for the STCCS aims at reviving/strengthening the Structure to make it a well-managed
and vibrant medium to serve the credit needs of rural India, especially the small and marginal
farmers.It seeks to
(a) provide financial assistance to bring the system to an acceptable
level of health;
(b) introduce legal and institutional reforms necessary for their democratic,
self-reliant and efficient functioning; and
(c) take measures to improve the quality of
management as an integrated package.
So far, twenty five states in the country are implementing the STCCS package.