Bhopal: April 4, 2008:Madhya Pradesh has received Rs 600 crore, a handsome amount under the package of Vaidyanathan Committee set up for revival of cooperative credit societies. This amount is maximum in the country. This is because recommendations of Vaidyanathan Committee are being implemented most effectively in Madhya Pradesh. Madhya Pradesh was the first state in the country to accept Vaidyanathan Committee recommendations. Giving this
information, Minister for Cooperatives, Farmers’ Welfare and Agricultural Development, Shri Gopal Bhargava, said that recently government of India has provided Rs 180.26 crore for 619 primary societies affiliated to Cooperative Banks in 12 districts. The state is likely to get Rs 2000 crore under this package.
The Minister for Cooperatives said that the state government has undertaken untiring efforts to consolidate cooperative societies during the last four years. In the meantime, recommendations of Vaidyanathan Committee opened an opportunity for the state government to take a lead in improving the condition of cooperative societies. That was why Madhya Pradesh government became the first state in the country to accept the Vaidyanathan Committee recommendations. In all, 17 states including Madhya Pradesh signed MoUs with government of India for implementation of these recommendations while the state is also among the five states which have amended their Cooperative Societies Act in the light of the committee’s recommendations. Shri Bhargava said that the Union government is releasing the grant only after amendment in the Act and special assessment. Madhya Pradesh is on the top in this respect also. Apart from Madhya Pradesh, only two other states have received the grant. Out of these, Madhya Pradesh has received maximum amount since the state government has shown seriousness in implementing Vaidyanathan Package.
Shri Bhargava informed that so far, Madhya Pradesh has received Rs 600 crore, Andhra Pradesh Rs 423 crore and Haryana Rs 240 crore grant. The Minister for Cooperatives said that so far amount of grant has been released to 2085 primary societies. He said that special audit of 4530 primary societies of 38 districts has been completed. For this purpose, employees and directors of more than ten thousand committees have been imparted training.
So far, more than two thousand committees have been provided amount of grant in the state under Vaidyanathan Package. These funds have been released to cooperative banks in Indore, Khandwa, Jhabua, Dhar, Bhopal, Rajgarh, Shajapur, Ratlam, Mandsaur, Dewas, Ujjain, Chhatarpur, Tikamgarh, Damoh, Sagar, Chhindwara, Narsinghpur, Khargone, Sehore, Jabalpur, Balaghat, Vidisha, Betul, Mandla, Panna, Shahdol, Morena, Seoni and Hoshangabad districts.