PNS | Vijayawada
Reviewing the functioning of the Cooperative Department on Thursday, Chief Minister YS Jagan Mohan Reddy stressed the need to improve the functioning of District Cooperative Marketing Societies (DCMS) in the backdrop of Primary Agricultural Cooperative Societies (PACS) being linked to the Rythu Bharosa Kendras (RBKs).
The Chief Minister said that a comprehensive study should be taken up to improve the functioning of DCMS to support the farming community and women’s self-help groups by extending loans at a lesser interest rate and hand-holding them in their activities to strengthen the village economy.
He also directed the officials to update the revenue records and make them available at the PACS which should develop Standard Operating Procedures (SOPs) for sanctioning loans in a transparent, efficient, and flexible manner.
The Chief Minister was informed that the Andhra Pradesh State Cooperative Bank (APCOB) registered a growth rate of 175 percent in the last four years as its financial transactions went up to Rs. 36,732.43 crore from Rs.13,322.55 crore while the worth of its non-performing assets has come down by 50 %. He directed the APCOB to extend support to women in providing self-employment opportunities through ‘Cheyutha’ funds.
There should be regular audits in APCOB, PACS, and DCCBs.
Minister for Agriculture and Cooperation K Govardhana Reddy, Chief Secretary Dr. KS Jawahar Reddy, Marketing & Cooperation Principal Secretary Chiranjeevi Choudary, Finance Secretary KVV Satyanarayana, Civil Supplies Corporation VC and MD G Veerapandian, Agriculture Special Commissioner Ch Harikiran, Registrar of Co-operative Societies Ahmad Babu, APCOB MD RS Reddy and other senior officials.
