Last Updated on Wednesday, January 18, 2006

Flash of the Day

Housefed has reduced rate of interest from 15.75% to 14.75% w.e.f Ist April,2001. The maximum limit of loan in respect of rural loans have been raised to Rs.5.00 lacs.

News Room of the Last Week

Monthly Bulletin - March 2001

The 14^th Annual General Body Meeting of Housefed was held on 01/03/2001, wherein the profit and loss account for the year 1999-2000, allocation of profits amounting to Rs.625.76 lacs and increase in the credit limit of Housefed from Rs.370 crores to Rs.586 crores was approved.

The Board of Directors of Markfed held a meeting on 02/03/2001 and unanimously elected Sh.Jagdish Singh Walia as chairman and Sh.Ravinder Singh Brahmpura as Vice Chairman of BOD of Markfed.

BOD of SADB in its meeting on 02/03/2001 decided:-

• To reduce the rate of interest by 2% from 16% to 14% on all loans above Rs.1.00 lac.

• From 14% on to 13% on loans upto Rs.1.00 lac.

• To reduce loan processing fee by 50%.

• To reduce the amount of share money from the present 5% to 3%.

Markfed’s first Sugar Mill at Malout setup at a cost of Rs.30.00 crores was formally inaugurated by S.Parkash Singh Badal, Chief Minister, Punjab on 11/03/2001. The project was completed in a record period of 11 months.

RCS issued an order fixing the jurisdiction of all Assistant Registrars in the State vide his vide order No.Admn./EAG-2/37/178 of 13/03/2001. This was necessitated to establish an office of ARCS in all sub/divisions of the State. The Government has created 48 new post of ARCS by abolishing about 65 post of Cooperative Inspectors.

Due to the establishment of ARCS officers in all the Sub divisions of the State there was a need to restructure the entire Ministerial Staff in the DRCS and ARCS Offices of the State so as to make the new ARCS offices functional, since no additional ministerial staff was provided while creating the new posts. RCS vide order no.173 of 13/03/2001 has fixed the Norm/Head Quarters of cadre and deputation posts of Ministerial Staff in the DRCS and ARCs offices of the State.

Meeting of the Departmental Promotion Committee of the Department was held on 15/03/2001 to consider promotions of JRCS to Additional Registrar, Cooperative Societies and DRCS to Joint Registrars. As a consequence of the same, the following four officers have been promoted as Joint Registrars, vide order No.1/19/2001/C-1 (1)/4286 of 22/03/2001:-

• Sh.Balour Singh

• Sh.Amarjit Singh

• Sh.Baldev Singh Pawar

• Sh.Bahadur Singh

and the following officers three have been promoted as Additional Registrars vide order No.1/19/2001/C1(1)/4254 of 22/03/2001:-

• Sh.K.S Palne

• Sh. B.S Jattana

• Sh. V.K Bansal

NDDB on 16/03/2001 and 17/03/2001, organized a 2 day workshop on Marketing Orientation for elected Board Directors of the Milk Unions of Punjab and Haryana, at Chandigarh.

A new Milk Bar at Industrial Area, Phase-I, Chandigarh, as also a new Ice Cream manufacturing and storage facility has been commissioned on 19/03/2001 at Chandigarh.

Meeting of DPC for considering promotion of ARCS to DRCS was held on 20/03/2001. FCC chaired the meeting.

The Annual General Body Meeting of Milkfed, Punjab was held on 27/03/2001. It approved the annual accounts of Milkfed for the year 2000-2001 and the distribution of profits amounting to Rs.2.88 crores. The Board declared a dividend, amounting to Rs.120.90 lacs for its share holders.

The New Policy for Procurement and Distribution of Fertilizers in the State of Punjab through Cooperatives, for Kharif 2001 has been circulated vide RCS letter no.RCS/Mkg/Insp (F)Policy/2001/244 of 28/03/2001. Highlights of the revised policy are:

• Markfed would continue to procure and distribute Fertilizers in the State.

• Markfed would supply FOR to PACS. In case Markfed is unable to do so it would provide an additional margin of Rs.3.00 per bag to the PACS. 

• PAC would be given a distribution margin of Rs.7.50 per bag on Urea and Rs.14.00 per bag on DAP and NPK.

• Markfed would also supply fertilizer for cash sale by CAMS at rates equivalent to PACS. Markfed may sell fertilizers through its cash counters but not below the rate applicable to CAMS.

• Markfed would provide Rs.1.00 per bag of fertilizer purchased by PACS as Development Assistance to them.

The National Federation of Cooperative Sugar Factories (NFCSF) Ltd., New Delhi held the 142^nd meeting of its BOD at Chandigarh on 29/03/2001. The problems of the Sugar Industry were discussed in the meeting.

Government vide its letter No.26/190/94/C-II (3)/4744 of 30/03/2001 has conveyed its approval to liquidator of Mansa, Cooperative Spinning Mills for utilising Rs.4.51 crores received as sales consideration in respect of Mansa Mill for discharging the statutory liablities of the Mill including secured loans of the Cooperative Banks.

To avoid incurring of losses by Cooperative Banks attributable to the low level of business per branch, a Branch Opening Policy for PSCB and CCBs in the State of Punjab has been issued vide letter No.Credit/CA-2/BOP/192/1/276 of 31/03/2001. It focuses on the need to have an adequate and proper assessment of the financial and economic viability of the branch before the same is opened.

RCS vide letter No.RCS/Credit 273 of 31/03/2001 has issued Guidelines for Creation and Utilisation of Primary Cooperative Societies Vikas Fund for the purpose of strengthening the Primary Cooperative Institutions in the State which form the foundation of the pyramid of Cooperatives. The Guidelines would help ensure that the fund so created is utilized fairly and properly.

RCS reviewed the working of Puncofed on 31/03/2001 and made the following observations/suggestions:-

Need to provide professional training to the staff.

Starting of a Fellowship Programme and thereby, educating the elected members of Boards and Managing Committees about the Principles, Bye-laws, Rights and Duties and working of their concerned organisations.

Holding of an Annual Memorial Lecture, to be delivered on some important historical day, by some eminent National/International Speaker.

Organising revenue training for the employees of the PACS.

The Government released a sum of Rs.813.10 lacs to Spinfed on 31/03/2001 for making OTS with the Financial Institutions in respect of loans of CSM Abhoar, Goindwal and Barnala. However, only the principle amount agreed upon i.e Rs.779.95 lacs has been released by Spinfed to IDBI, IFCI and ICICI. The Financial Institutions have agreed to waive the penal interest on account of delayed payment amounting to Rs.33.15 lacs.

For development of Human Resource in the Department of Cooperation a new policy regarding training of Officers and Officials has been finalized. The policy envisages that all officers/officials of the department would undergo three types of training programs namely; induction training, orientation or refresher training and specialised training. It would go a long way in improving efficiency and competence of the employees of the department.

Weavco has been selected by the Govt. of India Ministry of Textiles for participation in the 12^th India Home Furnishing Fair(BSM) to held at Tokyo from May 15^th to 17^th ‘2001.

Milkfed procured an average of 13.00 lacs Kgs. Milk per day during the month of March 2001. Sale of Pasteurised Packed Milk in Urban Cities has increased by 11% over last year’s sale in the same month.

10^th of the 14 Cooperative Sugar Mills have closed their crushing operations and the remaining four mills of Budhewal, Nakodar, Morinda and NawanShahr will close their operations in the first fortnight of April 2001. 298.00 lacs quintals, of Sugarcane have been crushed by these mills till 31/03/2001. The Sugar recovery is 9.76 as against 8.95 of last year.

Six Cooperative Sugar Mills at Batala, Gurdaspur, Fazilka, Bhogpur, Morinda and Budhewal have achieved recovery of 10%, which surpasses the record of last 10 years.

CCBs have advanced Rs.1026.58 crores as short term agricultural loans for Rabi 2000-2001 upto 28/02/2001 against Rs.937.02 crores of last year.

PSCB has sanctioned revolving cash credit of Rs.138.00 crores to the CCBs. CCBs have sanctioned Rs.655.55 crores to 69620 beneficiaries under the Revolving Cash Credit Scheme upto January 2001.

Under Sehkari Bank Bima Yojana, total membership of all CCBs in the State crossed 1.37 lacs upto March 2001.

CCBs have issued 2.02 lacs Kisan Credit Cards upto 16/03/2001.

PICT conducted 2 Workshops for Weavco and Markfed employees during the month of March 201. On the whole PICT has conducted 92 courses and trained 1806 employees during 2000-2001.

PSCADB has advanced loans to the tune of Rs.318.26 crores upto 28/02/2001 as against Rs.324.00 crores for the same period last year. Recovery upto 28/02/2001 by PADBs was 64.7% as against 68% during Kharif 2000.

Progress of PSCADBs in recovery/settlement cases of defaulter over 6 years and in cases of buy-back facility under the Special Settlement Scheme which has been extended upto 30/06/2001 to ensure recovery of remaining settlement amount, is as follows:

The progress of Special Settlement Scheme, 2000 as on 31/03/2001 is as follows:

Monthly Note - February 2001