Author: SahkarNet

Sugar cooperatives have long been central to the political landscape of Maharashtra, with influential figures like former Chief Ministers Vasantdada Patil, S B Chavan, Vilasrao Deshmukh, Ashok Chavan etc. all having strong ties to the cooperative sugar industry. Same was the case with most of the Ministers. However these cooperative mills have continued to maintain their pivotal role in Maharashtra elections even now, especially in the ongoing Lok Sabha election 2024 and upcoming assembly elections in late 2024. Recently, Union Home Minister Amit Shah raised questions about the closure of numerous cooperative sugar mills in Maharashtra, directing his scrutiny at…

The National Dairy Development Board (NDDB) and the Odisha State Cooperative Milk Producers’ Federation Limited (OMFED) collaborated to host a one-day workshop on the Internet-based Dairy Information System (iDIS) in Bhubaneshwar. The event brought together representatives from dairy cooperatives across Odisha. Shri Vijay Amruta Kulange, Managing Director of OMFED, underscored the importance of leveraging data to develop strategies that enhance efficiency and transparency in the cooperative dairy sector. He highlighted the critical role of data utilisation in making informed decisions that can significantly improve operational outcomes. The workshop featured practical sessions on various iDIS modules, allowing participants to gain hands-on…

The Gujarat Cooperative Milk Marketing Federation (GCMMF), which markets milk and milk products under the Amul brand, has announced a price increase for fresh pouch milk. Effective from June 3, the price will rise by Rs 2 per litre in all markets across the country. In a release, Amul’s explained that the Rs 2 per litre increase represents a 3-4% hike in the maximum retail price (MRP), which is considerably lower than the average food inflation rate. The company highlighted that it has not raised the prices of fresh pouch milk in major markets since February 2023. The price adjustment…

The Nagaland State Cooperative Bank (NStCB) Ltd inaugurated its 23rd branch at the Shamakok complex, PPC ward, in Longleng on May 29, 2024. In his address as special guest, Deputy Commissioner Dharam Raj emphasized that NStCB is a bank for the people, focusing on financial assistance rather than profit. He highlighted that true development is achievable only through financial inclusion. The Deputy Commissioner noted that while the bank will adhere to all guidelines, it will also offer some flexibility, unlike other banks. He assured that NStCB will provide superior services and loans with better interest rates, urging citizens to take…

Dr. Ashish Kumar Bhutani, IAS, Secretary, Ministry of Cooperation, lauded the PHDCCI for its efforts in advancing the cooperative movement. He was speaking as chief guest during the National Summit on Innovating Cooperative Models for the 21st Century organized by PHDCCI at New Delhi. The summit showcased 54 new initiatives from the Ministry of Cooperation (MoC). Dr. Bhutani highlighted the ministry’s mission of ” “सहकार से समृद्धि” (Sahkar se Samriddhi or Prosperity through Cooperation), emphasizing its role in uplifting marginalized communities. He pointed to successful cooperative models like Amul and IFFCO as examples of how cooperatives can transform rural economies. He…

NCCF and NRDC have formalized a strategic collaboration by signing a Memorandum of Understanding (MoU) at the NCCF Headquarters. Thee MoU was signed by Smt. Anice Joseph Chandra, IRS, Managing Director of NCCF, New Delhi and Cmde Amit Rastogi (Retd.), CMD of NRDC, New Delhi at the NCCF Headquarter at New Delhi. The MoU aims to enhance the export value chain, introduce digital farming solutions, boost seed production, streamline procurement arrangements, implement cutting-edge technology interventions, and promote crop diversification. The two organizations are paving the way together for a sustainable and prosperous future in agriculture! NRDC earlier signed a memorandum…

After a stellar performance in the Financial Year 2023-24, Cosmos Co-operative Bank has announced a bonus of one month’s salary for its 2800 employees. The bank reported doing business worth Rs 35,408 crore by March 31, marking a 15.16% increase from 2023. Deposits grew by Rs 2,587 crore, reaching Rs 20,216 crore, while advances rose by Rs 2,075 crore, totaling Rs 15,192 crore. Net profit for the year stood at Rs 384 crore, significantly higher than the previous year’s Rs 181 crore. In an interview with the Times of India, Cosmos Bank Chairman Milind Kale highlighted the resilience of the…

The Bihar State cooperative development council held its meeting today to review the progress of various initiates in cooperative sector taken by the Government of India. The meeting was chaired by Shri Brijesh Mehrotra, Chief Secretary, Bihar. Dr. Ashish Kumar Bhutani, Secretary, Ministry of Cooperation and Shri Pankaj Kumar Bansal, Additional Secretary, Ministry of Cooperation and Managing Director, NCDC participated in the meeting. State cooperative development council aims to promote the cooperative sector within the state through effective monitoring of various cooperative related programmes and policies. The cooperative development council ensures that all the Panchayats /Villages in the state are…

IFFCO सहकारिता रत्न सम्मान (IFFCO Sahakarita Ratna Award) वर्ष 2022-23 का प्रतिष्ठित इफको सहकारिता रत्न सम्मान उत्तर प्रदेश के सहकरिता राज्य मंत्री श्री जेपीएस राठौड़ जी (Shri J P S Rathore, Hon’ble Minister of State for Cooperation, Government of Uttar Pradesh) को दिया जायेगा। श्री राठौड़ को यह पुरस्कार प्राथमिक स्तर की सहकारी समितियों के प्रति इनकी अति विशिष्ट सेवाओं और देश विशेषकर उत्तर प्रदेश राज्य में सहकारी आन्दोलन को मजबूत करने की दिशा में किए गए अनुकरणीय प्रयासों के लिए प्रदान किया जा रहा है। यह सम्मान 30 मई, 2024 को इफको की 53वीं वार्षिक आम बैठक के दौरान …

The recently launched National Urban Co-operative Finance and Development Corporation Ltd. (NUCFDC) has moved swiftly to recruit C-Suite professionals including CEO, CFO, CTO and Company Secretary to kick-start its operations at the earliest. The organization has engaged ABC Consultants, leading HR & Recruitment Consultant, to spearhead the recruitment process. NUCFDC is a registered NBFC mandated by Reserve Bank of India to play the role of Umbrella Organisation for India’s Urban Co-operative Banking (UCB) sector. As per ABC Consultants, the company is in a start-up phase and aims to provide a comprehensive range of fund-based and non-fund-based services to member banks,…