State Cooperative Apex News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Madhya Pradesh government is planning to present the Madhya Pradesh Cooperative Society (Amendment) ordinance 2021 in the upcoming Budget Session which would start from 22 February.
The amendment will bring about major changes in the operation of cooperative banks of the state and in loan recovery from farmers, according to media reports. These provisions will come into effect from 1st April, say sources.
Cooperative experts said that when the amendments are passed in the Assembly, the state government will not have to take permission of the RBI to open branches of cooperative banks. The officials of the cooperative department said the Central Government has amended the Banking Regulation Act, based on which the Cooperative Act is to be amended in the state. ....

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