What is Multi-State Co-operative Societies (Amendment) Bill, 2023 l Explained l Hindi
Minister of State Cooperation B.L. Verma moved the Multi-State Cooperative Societies (Amendment) Bill, 2023, for consideration and passage in Rajya Sabha. The Bill, which had been approved by Lok Sabha on July 25, 2023, was passed in Rajya Sabha by voice vote.
The Bill seeks to establish a ‘Cooperative Election Authority’ with a view to introducing electoral reforms in the cooperative sector.
There are about 8.6 lakh cooperatives in the country, out of which active Primary Agricultural Cooperatives (PACs) are around 63,000. The bill will provide a reservation of seats one each for Scheduled Castes, Scheduled Tribes and women in the board of a cooperative society.
Further, it provides for an increase in monetary penalties that will be imposed on these societies in case of contravention of the provisions.
Another provision is for filing of applications, documents, returns, statements, statement of accounts in electronic form.
He also recalled the success stories of cooperatives like Amul, IFFCO, NAFED, KRIBHCO and Lijjat Papad, as well as those driving the cooperative movement in India.
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