Excelsior Correspondent
SRINAGAR, May 15: Emphasizing for accelerating the recovery process, the Minister for Finance, Planning and Cooperative Dr Manohar Lal Sharma today asked the officers of Cooperative Department to take concrete measures and ensure that revenue of the department is increased.
The Minister was reviewing the functioning of the Cooperative Department at an officers meeting here today.
The Minister asked the officers to chase the target fixed and ensure these are achieved in full during current financial year. He directed them to take necessary steps including fencing of the land of the department so that the assets are saved from encroachment.
Dr Sharma asked the officers to conduct timely audit of the cooperative societies and come up with their recommendations for making the system more fool-proof. He directed them to conduct survey of all the cooperative societies, registered with the department and check the basic structure of these societies, including the membership base. He directed them to see whether elections of the societies are held on time.
“Revenue generation should remain priority of the department”, said the Minister and asked the officers to take necessary measures for reviving non-functional cooperative societies in their respective jurisdictions. He directed them to follow the litigations pending in different courts.
Commissioner Secretary, Cooperatives, Registrar Coope-ratives, Additional Registrar Cooperatives Kashmir besides other senior and district officers of the department were present on the occasion.
Later, the Minister reviewed the progress of the Cooperative Banks functioning in the State. The Minister asked the management of the banks to tighten the noose of the defaulters and ensure that the money lying with them is recovered at earliest.
Managing Director, State Cooperative Bank, Mohammad Ashraf, MD/CEO, J&K State Cooperative Agriculture and Rural Development Bank, Mohammad Aslam, MD, Mercantile Cooperative Banks, Ab Majeed and MD, Urban Cooperative Bank Anantnag were also present on the occasion.
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