Lok Sabha Question No. 3486 (UNSTARRED), answered on 2021-08-10
Subject: Irregularities in Cooperation Sector
Ministry: COOPERATION
Asked by: Manoj Kishorbhai Kotak, Raksha Nikhil Khadse

## GOVERNMENT OF INDIA MINISTRY OF COOPERATION

## LOK SABHA UNSTARRED QUESTION NO 3486

TO BE ANSWERED ON 10 TH  AUGUST 2021

## IRREGULARITIES IN COOPERATION SECTOR

3486. SHRI MANOJ KOTAK: SHRIMATI RAKSHA NIKHIL KHADSE:

Will the Minister of COOPERATION ( सहकारता मंी ) be pleased to state:

- (a) whether the Government is planning to take strict & stringent actions against the societies for the irregularities found in co-operative credit societies covered under multi-state status working across the country and to recover and restore the funds to  small  investors  who  had  invested  their  hard-earned  money  in  such  credit societies;
- (b) the details of such societies which have been found so far and the punitive action proposed State-wise, society-wise thereof; and
- (c) the details of the irregularities found so far?

## ANSWER

MINISTER OF COOPERATION सहकारता मंी (SHRI AMIT SHAH)

(a),  (b)  &  (c)  -  Complaints  have  been  received  for  non  -  repayment  of  funds  against some  of  the  multi-State  credit  cooperative  societies.In  case  of  delinquent  societies, action for winding up is taken under section 86 of theMulti State Cooperative Societies (MSCS) Act, 2002. State-wise list ofsuch societies is at Annexure I.

Annexure referred in Lok Sabha Unstarred Question No.3486 for 10.08.2021 asked by Shri Manoj Kotak, Shrimati Raksha Nikhil Khadse regarding 'Irregularities in Cooperation Sector'

## List of multi-State credit cooperative societies against whom action for winding up under section 86 of the MSCS Act, 2002 has been taken

|   S.No. | Name of the Society                                                                         | State       |
|---------|---------------------------------------------------------------------------------------------|-------------|
|       1 | Silver Finance & Credit Cooperative Society Ltd., U.T. of Chandigarh                        | Chandigarh  |
|       2 | Adarsh Credit Cooperative Society Ltd., Ahmedabad, Gujarat                                  | Gujarat     |
|       3 | Rainbow Multi State Credit Cooperative Society ltd., Dhanbad, Jharkhand                     | Jharkhand   |
|       4 | The Pfizer Employees Co-operative Credit Society Limited, Mumbai, Maharashtra               | Maharashtra |
|       5 | BhandaraLaxmi Multi State Credit Co-operative Society Limited,Bhandara, Maharashtra         | Maharashtra |
|       6 | ShriMahalaxmi Multi State Coop. Credit Society Ltd., Mumbai, Maharashtra                    | Maharashtra |
|       7 | Shree Dhokeshwar Multi State Urban Cooperative Credit Society Ltd., Ahmednagar, Maharashtra | Maharashtra |
|       8 | ShubhKalyan Multi State Cooperative Credit Society ltd., Osmanabad, Maharashtra             | Maharashtra |
|       9 | Kolpe-Patil Multi State Cooperative Credit Society Ltd.,Pune, Maharashtra                   | Maharashtra |
|      10 | Shrinath Multi State Urban Cooperative Credit Society Ltd., Ahmednagar, Maharashtra         | Maharashtra |
|      11 | AdityaAarthikNiyojan Multi State Cooperatrive Credit Society Ltd., Pune, Maharashtra        | Maharashtra |
|      12 | BhaichandHirachandRaisoni Multi State Cooperative Credit Society Ltd., Jalgaon, Maharashtra | Maharashtra |
|      13 | Success Valley Credit Cooperative Society Ltd., Shakarpur, Delhi                            | New Delhi   |
|      14 | Jyoti Credit & Savings SwablambiSahakariSamiti Ltd., Mathura Road, New Delhi                | New Delhi   |
|      15 | HBN Credit Cooperative Society Ltd., PashimVihar, New Delhi                                 | New Delhi   |
|      16 | Crown Credit Cooperative Society Ltd., Dwarka, Delhi                                        | New Delhi   |
|      17 | LokhitBharti Credit Cooperative Society Ltd.,Najafgarh Road, New Delhi                      | New Delhi   |
|      18 | Eye Vision India Credit Cooperative Society Ltd., Shakarpur, Delhi                          | New Delhi   |
|      19 | Aadi Credit Cooperative Society Ltd.,NetajiSubhash Palace, New Delhi                        | New Delhi   |
|      20 | Arthatatwa Multi State Credit Coop. Society Ltd., Bhubaneswar, Odisha                       | Odisha      |
|      21 | Swastik India Multi State Credit Cooperative Society ltd.,                                  | Odisha      |

|    | Bhubaneswar, Odisha                                                                    |               |
|----|----------------------------------------------------------------------------------------|---------------|
| 22 | Mideast Multi State Credit Cooperative Society Ltd., Bhubaneswar, Odisha               | Odisha        |
| 23 | Utkal Multi State Credit Cooperative Society Ltd., Bhubaneshwar, Odisha                | Odisha        |
| 24 | Sai Kishore Multi State Credit Cooperative Society Ltd., Bhubaneswar, Odisha           | Odisha        |
| 25 | Rajiv Gandhi Memorial Multi-State Credit Cooperative Society Ltd., Bhubaneswar, Odisha | Odisha        |
| 26 | SLB Multistate Credit Cooperative Society Ltd., Bhubaneshwar, Odisha                   | Odisha        |
| 27 | Vista Credit Cooperative Society Ltd., Bhubaneshwar, Odisha                            | Odisha        |
| 28 | Micro Finance Credit Cooperative Society Ltd., Bhubaneswar, Odisha                     | Odisha        |
| 29 | Green India Multi State Members Credit Cooperative Society Ltd., Ganjam, Odisha        | Odisha        |
| 30 | Bhavishya Credit Cooperative Society Ltd., Udaipur, Rajasthan                          | Rajasthan     |
| 31 | Marwar Urban Credit Cooperative Society Ltd., Barmer, Rajasthan                        | Rajasthan     |
| 32 | Arbuda Credit Cooperative Society Ltd., Dist. Sirohi, Rajasthan                        | Rajasthan     |
| 33 | Power Build Home Credit Cooperative Society Ltd. Jodhpur, Rajasthan                    | Rajasthan     |
| 34 | Sundaram Credit Cooperative Society Ltd., Sirohi, Rajasthan                            | Rajasthan     |
| 35 | Sanjivani Credit Cooperative Society Ltd., Barmer, Rajasthan                           | Rajasthan     |
| 36 | ShriKhoteshwar Urban Credit Cooperative Society Ltd., Sirohi, Rajasthan                | Rajasthan     |
| 37 | Bharti Credit Cooperative Society Ltd., Ajmer, Rajasthan                               | Rajasthan     |
| 38 | Capital Credit Cooperative Multi State Society Ltd., Firozabad, Uttar Pradesh          | Uttar Pradesh |
| 39 | Anant-Nidhi Credit Cooperative Society Limited, Lucknow, Uttar Pradesh                 | Uttar Pradesh |
| 40 | Gab GramyaVikas Credit Cooperative Society Ltd., Lucknow, Uttar Pradesh                | Uttar Pradesh |
| 41 | Prithvi Credit Cooperative Society Limited, Lucknow, Uttar Pradesh                     | Uttar Pradesh |
| 42 | Chakra MS Credit Cooperative Society Ltd., Kolkata, West Bengal                        | West Bengal   |
| 43 | Rage Multi State Credit Cooperative Society Ltd., Dist. North 24 Parganas, West Bengal | West Bengal   |
| 44 | Universal Multi State Credit Cooperative Society Ltd., Kolkata, West Bengal            | West Bengal   |

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