Yuva Sahakar Sammelan: UP Govt striving towards one cooperative bank in each district, says Yogi
Lucknow, 21 Dec (HS): Uttar Pradesh Chief Minister Yogi Adityanath accused past state administrations of destroying the cooperative sector on Sunday, claiming that the BJP-led administration has resurrected it and is now
Uttar Pradesh Chief Minister Yogi Adityanath in Yuva Sahakar Sammelan


Lucknow, 21 Dec (HS): Uttar Pradesh Chief

Minister Yogi Adityanath accused past state administrations of destroying the

cooperative sector on Sunday, claiming that the BJP-led administration has

resurrected it and is now pursuing the notion of one cooperative bank per

district. Addressing the 'Yuva Sahakar Sammelan' here, the Chief Minister

stated that district cooperative banks were in extremely terrible shape before

to 2017. The Reserve Bank of India deemed sixteen banks to be in default and

terminated their licenses. These banks are now in good health, benefiting not

just their members but also farmers. He said that previous governments

supported a one-district, one-mafia ethos, resulting in the collapse of the

cooperative sector and the capture of farmers' money.

The BJP administration progressively recovered

Rs 4,700 crore deposited by farmers in 16 banks with revoked licenses. He said

that the banks are now operationally sound. The government is working to

develop cooperatives, emphasizing their importance in fostering trust, social

capacity, and self-sufficiency. The chief minister also noted measures like as

digitization, e-governance, and open policies as ways to guarantee sector

responsibility. Adityanath advocated for efficient staff

allocation in cooperative societies that handle fertilisers, chemicals, and

pesticides, claiming that such steps would increase farmer involvement.

Hindusthan Samachar / Abhishek Awasthi


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