Author: SahkarNet

India’s National Cooperative Exports Limited (NCEL) and Sri Lanka’s Consumer Cooperative Societies Federation (COOPFED) have signed a Memorandum of Understanding (MoU) to facilitate the supply of essential food commodities from India to Sri Lankan markets. The MoU was signed by NCEL Managing Director Unupom Kausik and COOPFED Chairman Dr. Shantha Jayaratne in the presence of Sri Lanka’s Minister of Trade, Commerce, Food Security and Cooperative Development Wasantha Samarasinghe and Indian High Commissioner to Sri Lanka Santosh Jha. The partnership is expected to establish a cooperative-to-cooperative channel for supplying Indian food products to Sri Lanka, potentially strengthening market linkages and supporting…

भोपाल: कृषक भारती कोऑपरेटिव लिमिटेड (KRIBHCO) भोपाल में प्रस्तावित ‘मोर वन जैव विविधता पार्क’ के विकास में सहयोग करेगा। इसके लिए KRIBHCO और मध्य प्रदेश राज्य जैव विविधता बोर्ड (Madhya Pradesh State Biodiversity Board, MPSBB) के बीच एक समझौता किया गया है। समझौते के तहत KRIBHCO परियोजना में स्वीकृत कार्यों के लिए अधिकतम ₹10 करोड़ की वित्तीय सहायता उपलब्ध कराएगा। इस सहयोग से पार्क में पौधरोपण, प्रकृति व्याख्या केंद्र (Nature Interpretation Centre) के विकास और अन्य आवश्यक बुनियादी ढांचे से जुड़े कार्यों को आगे बढ़ाया जाएगा। एमओयू का आदान-प्रदान केंद्रीय गृह एवं सहकारिता मंत्री अमित शाह और मध्य प्रदेश के…

Cooperative group housing societies in Delhi have been directed to conduct comprehensive safety audits of their buildings and common facilities, with managing committees responsible for identifying deficiencies and ensuring timely corrective action. The move seems to be prompted by the recent building collapse at Satya Niketan, which exposed the structural vulnerability of buildings in Delhi. Delhi has 1979 registered cooperative housing societies. In a circular dated October 1, the Office of the Registrar of Cooperative Societies (RCS) invoked Rule 106 of the Delhi Cooperative Societies Rules, 2007, which places responsibility on managing committees for the inspection, repair and maintenance of…

The CPI(M)’s extended Kottayam district committee has decided to act against functionaries who have defaulted on cooperative bank loans and the message is very clear – pay all dues. District Committee Members in Question As per news reports, the positions of five office-bearers, all district secretariat or district committee members, are now in question. The committee has reportedly asked them to clear their dues by October 30. Four of the five are said to owe relatively small amounts. Some delegates wanted anyone who fails to repay removed from committee posts, and others called for stricter oversight of office-bearers’ financial dealings.…

Amul has strengthened its position as one of India’s most frequently chosen FMCG brands. The brand has emerged as the country’s most chosen beverage brand in the latest Brand Footprint India report while also breaking into the top five of the overall out-of-home (OOH) FMCG ranking for the first time. The 14th edition of the Brand Footprint India 2026 report, released by Worldpanel by Numerator on August 13, tracks consumer choices made during 2025. It ranks 427 FMCG brands across food, home care, health and beauty, beverages, snacking and dairy on the basis of Consumer Reach Points (CRPs). CRP combines…

The Reserve Bank of India’s proposed changes to the framework for interest rates on loans could significantly alter how lenders determine and revise loan pricing. The draft directions cover commercial banks, regional rural banks, cooperative banks, all-India financial institutions and NBFCs, with the broader objective of making interest-rate setting more transparent and consistent. The draft RBI (Interest Rates on Loans and Advances) Directions, 2026 are proposed to come into effect from April 1, 2027. For cooperative banks, the changes are particularly relevant because they introduce clearer rules around benchmark rates, spreads and their revision. For floating-rate loans, the RBI has…

New Delhi: The National Co-operative Development Corporation (NCDC) is set for a wider role in financing India’s cooperative sector, with Parliament approving amendments that seek to make funding more direct and flexible. The National Co-operative Development Corporation (Amendment) Bill, 2026 was introduced in the Lok Sabha on August 10 and subsequently passed by the House. The Rajya Sabha also passed the legislation on August 12, clearing the way for the proposed changes to the NCDC Act, 1962. At the heart of the amendment is a relatively simple change: NCDC would no longer be limited to financing programmes through cooperative societies.…

New Delhi: India’s cooperative movement continues to be one of the world’s largest but govt’s reply in Parliament on Wednesday indicates reveals promising yet challenging situation in the sector. Nearly 38% of all functional cooperative societies in the country are currently running at a loss, underscoring the urgent need for business diversification, institutional reforms and financial strengthening. Understanding the Cooperative Data In a written reply to Rajya Sabha MP Sanjay Singh (AAP), Union Home and Cooperation Minister Amit Shah said that as on 15 July 2026, India has 8,53,430 cooperative societies. Of these, 6.63 lakh are functional, 1.41 lakh are non-functional,…

Mumbai: The Reserve Bank of India (RBI) has imposed a cumulative penalty of ₹18.60 lakh on four cooperative banks across Maharashtra, Madhya Pradesh and Karnataka for violating various regulatory directions. The penalties were imposed after supervisory inspections revealed deficiencies in compliance with provisions of the Banking Regulation Act, 1949 and other RBI guidelines. The highest penalty of ₹10.10 lakh has been imposed on Raigad District Central Cooperative Bank (DCCB) Ltd, Maharashtra. According to RBI, a statutory inspection conducted by the National Bank for Agriculture and Rural Development (NABARD) found that the bank had sanctioned a loan to an entity related…

Multipurpose Cooperative Societies are among the most versatile institutions in Kerala’s cooperative movement, providing a wide range of economic and social services under one roof. Depending on local needs, these societies support members through agricultural inputs, consumer goods, savings and credit, marketing, housing assistance, healthcare, education and welfare activities. Their integrated service model has strengthened self-reliance, improved access to essential services and contributed to inclusive community development. SahkarNet.com presents the Top 10 Multipurpose Cooperative Societies in Kerala, highlighting institutions recognised for their diversified services, strong governance, innovation and lasting contribution to the state’s cooperative sector. Top 10 Multipurpose Cooperatives in…