Page 20 - Banking Finance December 2018

an ra entra oopera 2 istri t ooperati e an s to e er e ith n a

ti e Ban irre arities tate ooperati e Ban
n an in ir ein cond cted the he ooperati e depart ent of n a has decided to er e 2 istrict en
tate i i ance and nti orr ption tra ooperati e Ban s Bs ith the n a tate
B rea ot of financia irre arities ooperati e Ban B . he o e as tri ered
and proced ra apses ha e een de after facin a oss of Rs 7 crore. he 2 Bs ha
tected in oans pro ided an ra in ranches across the state ere district ise
entra ooperati e Ban . independent a thorities. ith the er er the Bs
o d no e the ranches of the B and f nction
he scr tin of the records re ea ed
i e other co ercia an s.
that the process for dis rsin oans
as not fo o ed propert ocated t of 2 s ere in osses. he orst as the M tsar the for er
o tside the state as ort a ed for hief Minister ar ash in h Bada s district accordin to ooperation Minis
ad ancin oans the opinion of the ter h inder in h Randha a. e ere s r i in on eca se of atia a and
s ordinate staff re ardin the s a anshahar s. ther ise e o d not e en ha e one to end credit
tification of oans as i nored the to the far ers.
oan co ittee and properties ere
he ooperati e an s are considered the ac one of r ra credit s ste .
ort a ed inf atin the act a
here are aro nd a h far ers ho ho d isan redit ards of the cooperati e
a e so rces in the i i ance said.
an s in the state and are dependent on credit in the pre a ent cooperati e
n a specia case propert orth Rs str ct re. he er er as the need of the ho r to r n the s ste s ooth
a h as ort a ed for Rs crore and ens re that there as eno h one for endin . said Randha a.
oan hich t rned into hi e an
o ern ent state ent after the decision that it has een ta en in ie of RB
other propert in n a as ort
ide ines hich andate that a Bs sho d ha e a ini capita ade ac
a ed in io ation of a s hich
ratio of per cent R R . tho h at present the Bs are adherin to the
c ear state that on propert ithin
re ired R R of per cent R R there is hard an space for a orit of these
the state can e ort a ed
Bs to enhance their siness and to increase their profita i it .
he i i ance B rea has sei ed the
he a inet a so appro ed a ne i e ett e ent po ic to i e defa ter
oan records and is e a inin these to
co panies the ast chance to sett e their d es ith n a tate nd stria
detect the cases in hich irre arities
e e op ent orporation and n a inancia orporation . he
are s spected and ne hair an of
o ern ent is co in o t ith o ic 2 fo o in representations and
the an Ra i Bharad a has said ir
s estions fro ha er of o erce and nd stries ssociation and after
re arities i e pro ed and respon
arathon disc ssions ith the pro oters for reha i itation and re i a of the
si i it of errin officia s e fi ed.
ind stries in state.
20 | 201 | DECEMBER | B CE